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Miami Developer Lands $54M to Build Rental Dev in Palm Beach County

Summary by Commercial Observer
TM Real Estate Group is branching out of Broward County and into neighboring Palm Beach County to build a mixed-use development. The Coconut Grove-based developer secured a $53.5 million construction loan from Truist Bank to develop Shalimar in Boynton Beach, Fla., property records show.  The development will be built on 13 acres of vacant land at 3570 West Boynton Beach Boulevard, abutting the Quail Ridge Country Club golf course, about half a …
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Commercial ObserverCommercial Observer

Miami Developer Lands $54M to Build Rental Dev in Palm Beach County

TM Real Estate Group is branching out of Broward County and into neighboring Palm Beach County to build a mixed-use development. The Coconut Grove-based developer secured a $53.5 million construction loan from Truist Bank to develop Shalimar in Boynton Beach, Fla., property records show.  The development will be built on 13 acres of vacant land at 3570 West Boynton Beach Boulevard, abutting the Quail Ridge Country Club golf course, about half a …

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Commercial Observer broke the news in on Thursday, March 13, 2025.
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