The Klotz Group Pins $38M Multifamily at Midpoint of Orlando, Jacksonville
Jacksonville-based The Klotz Group of Companies, in partnership with KABR Group, has closed on a $38 million construction loan for a 285-unit multifamily development on Ariella Place in Palm Coast, FL. Regions Bank provided the loan.
“Palm Coast is currently one of the top five fastest growing cities in the entire country, with a population that is expected to double by 2035,” said Jeff Klotz, CEO of The Klotz Group of Companies. “This is the perfect time for us to expand our footprint in that market which offers a prime location between Orlando and Jacksonville.”
The units at Dos Palmas will be comprised of a one, two and three-bedroom units. Building amenities will include two swimming pools, pool pavilion, pool cabanas with summer kitchen and grilles, garages, resident car wash, clubhouse, fitness center, cybercafé, conference room and recreation club.
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