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Mosaic, Brookview Secure Construction Financing for St. Pete MF
A JV between Mosaic Development LLC and The Brookview Cos. secured a $16-million construction loan for the development of Gallery 3100, a 122-unit apartment project in St. Petersburg. The site is located in the historic Kenwood neighborhood, within downtown’s Central Avenue corridor.
The four-story property will have one and two-bedroom units, ranging from 663 to 1,098 square feet. Plans also include 17 workforce housing units. Wrapped around a three-level parking structure, the apartment building will feature local artists work within the resident amenity space, as well as a centrally-located outdoor courtyard and pool/pool deck.
Amenities include a state-of-the-art fitness center, dog wash and dog park, bike storage, a club and social room, co-work space, a fourth-floor amenity deck overlooking the courtyard and pool. Gallery 3100 is slated for completion in spring 2021.
NKF’s Matthew Williams, and James Maynard arranged the financing through Synovus Bank.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development
