ARC/AIG – Broadstone City Center at Clematis Residential Development – Florida - Project Profile
"ARC/AIG – Broadstone City Center at Clematis Residential Development – Florida - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Alliance Residential Company (ARC) and AIG Global Real Estate (AIG), are undertaking the construction of a residential complex in West Palm Beach, Palm Beach County, the US.
The project involves the construction of a 30,286m2, eight-story apartment complex comprising 315 units on 1.09ha of land. It includes the construction of 605m2 of office space, a pool, a fitness studio, a yoga studio, a courtyard, parking and related facilities and the installation of elevators.
Shutts & Bowen LLP has been appointed as the legal consultant. ARC is undertaking the construction works.
In October 2015, ARC received approvals from West Palm Beach City Council.
On May 11, 2016, ARC secures US$50 million construction loan from Citizens Bank of Pennsylvania.
In February 2017, construction activities commenced.
Construction activities are underway with completion scheduled in 2018.
The project involves the construction of a 30,286m2, eight-story apartment complex comprising 315 units on 1.09ha of land in West Palm Beach, Florida, the US.
The US$60 million project includes the following:
1. Construction of 605m2 of office space
2. Construction of a pool
3. Construction of a fitness studio
4. Construction of a yoga studio
5. Construction of a courtyard
6. Construction of parking and related facilities
7. Installation of elevatorsReasons To Buy