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Florida & Gulf Coast  + South Florida  + Finance  | 
PMG and Greybrook have secured $226 million in financing for phase two of Society Las Olas

PMG, Greybrook Secure $226M Phase II Construction Loan 

PMG and Greybrook have secured $226 million in financing for phase two of Society Las Olas. FSMY Architects + Planners designed the 42-story apartment community in Downtown Fort Lauderdale. Phase II will include 563 units, offering a blend of traditional and “Rent-by-Bedroom” or co-living options. 

Related Fund Management and Lubert-Adler provided the loan. John Moriarty & Associates is the general contractor, and completion is slated for Q1 2026.

The transaction was led by PMG’s Capital Markets team, Andrew Warman, Jon Blank and Paton Marion in coordination with in-house counsels Lowell Plotkin, Lindsay Davis and Scott Buscemi. PMG was represented by Kramer Levin Naftalis & Frankel alongside Saul Ewing.

“Downtown Fort Lauderdale is an immensely desirable destination, and we are confident this second tower will meet strong demand while extending the impact of Society Las Olas as a landmark project for the city,” said Ryan Shear, managing partner at PMG. 

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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