{"id":1004330531,"date":"2019-06-13T02:05:04","date_gmt":"2019-06-13T10:05:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004330531"},"modified":"2019-06-13T02:05:04","modified_gmt":"2019-06-13T10:05:04","slug":"fort-lauderdale-area-mixed-use-project-lands-121m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/","title":{"rendered":"Fort Lauderdale-Area Mixed-Use Project Lands $121M in Financing"},"content":{"rendered":"
\"\"<\/a>

Plantation Walk. Image courtesy of Walker & Dunlop<\/p><\/div>\n

Rescore Property Corp. has received $121.3 million in construction financing to develop the next phase of Plantation Walk, a mixed-use development in Plantation, Fla., which will include 134,326 square feet of retail space and 404 multifamily units. Walker & Dunlop arranged the financing through Pacific Western Bank.<\/p>\n

\u201cPlantation Walk is a mixed-use project that provides luxury rental apartments and walkable retail, creating a true walkable neighborhood that is unique in the Plantation submarket,\u201d<\/em> Eric McGlynn, managing director at Walker & Dunlop, told Commercial Property Executive<\/em>. \u201cThe developer is very experienced and financeable.\u201d<\/em><\/p>\n

Originally a fashion mall, when finished, Plantation Walk will include 700 luxury residential rental units, 160,000 square feet of office space and 190,000 square feet of retail space.<\/p>\n

\u201cRescore develops urban apartments amenitized by walkable retail in growth markets\u2014this project is a great example of that philosophy,\u201d<\/em> McGlynn said. \u201cThe Plantation market has seen very good performance in the apartment sector as a less costly suburb than neighboring Ft. Lauderdale; the loan size was also large, which got the attention of many lenders.\u201d<\/em><\/p>\n

Central Location<\/h2>\n

The development is situated in central Plantation, located near the intersection of Broward and University boulevards. Plantation is the third-largest submarket in Florida’s Broward County and is highly regarded for its top-tier workforce.<\/p>\n

\u201cThe location is also very central for Broward County, meaning people will live here who work in Plantation itself, as well as the surrounding area in all directions,\u201d <\/em>McGlynn said. \u201cRescore is place-making with Plantation Walk, transforming a defunct, vacant shopping mall into a live\/work\/play destination.\u201d<\/em><\/p>\n

The construction loan marks the eighth one that Walker & Dunlop has sourced for the Florida-based private REIT.<\/p>\n

In May, Walker & Dunlop facilitated Westdale Asset Management\u2019s $140 million bond offering<\/a> on the Tel Aviv Stock Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

A private REIT is building a master-planned town center development in the heart of Plantation, at the site of a former fashion mall.<\/p>\n","protected":false},"author":451,"featured_media":1004330537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,1492,21752,21742],"tags":[45917,45914,44213],"class_list":["post-1004330531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-miami","category-mixed-use","category-latest","tag-eric-mcglynn","tag-rescore-property-corporation","tag-walker-dunlop"],"acf":[],"yoast_head":"\nFort Lauderdale-Area Mixed-Use Project Lands $121M in Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fort Lauderdale-Area Mixed-Use Project Lands $121M in Financing\" \/>\n<meta property=\"og:description\" content=\"A private REIT is building a master-planned town center development in the heart of Plantation, at the site of a former fashion mall.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-13T10:05:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Plantation-Walk.-Image-courtesy-of-Walker-and-Dunlop-e1560420046157.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"735\" \/>\n\t<meta property=\"og:image:height\" content=\"552\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/\",\"name\":\"Fort Lauderdale-Area Mixed-Use Project Lands $121M in Financing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Plantation-Walk.-Image-courtesy-of-Walker-and-Dunlop-e1560420046157.jpg\",\"datePublished\":\"2019-06-13T10:05:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-mixed-use-project-lands-121m-in-financing\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Plantation-Walk.-Image-courtesy-of-Walker-and-Dunlop-e1560420046157.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Plantation-Walk.-Image-courtesy-of-Walker-and-Dunlop-e1560420046157.jpg\",\"width\":735,\"height\":552,\"caption\":\"Plantation Walk. 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