Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Financing
