Penn-Florida Cos. has received two loans totaling $335 million to finance the development of Via Mizner, a mixed-use development in downtown Boca Raton Florida that will feature a hotel, apartments, golf course and retail space. Blackstone Mortgage Trust Inc. provided a $195 million senior loan for Via Mizner’s multifamily component, 101 Via Mizner Luxury Apartments. Romspen Investment Corp., a Canadian-based lender, provided a $140 million senior construction loan for the Mandarin Oriental Hotel and Via Mizner Golf & City Club. Via Mizner is a three-phase, three-building project. The first phase comprises the 101 Via Mizner, which is fully leased. The second phase is the Mandarin Oriental Hotel, Boca Raton, and the third phase includes the Residences at the Mandarin Oriental, Boca Raton. All three phases are expected to be completed by the end of 2022. 101 Via Mizner is a tower that features 366 studio, one-, two- and three-bedroom apartments. The high-rise has private terraces, hurricane-impact windows, sliding glass doors and in-unit washers and dryers. Community amenities include a fitness center, cyber café, pool, clubroom, valet parking and bicycle storage. The Residences at Mandarin Oriental will offer 86 private condominium homes and a sky bridge connected to the 164-room Mandarin Oriental. The hotel amenities will feature The Spa at Mandarin Oriental, two rooftop pools, a conference center, rooftop restaurant and bar, athletic club and several dining experiences. The mixed-use project will also include the Via Mizner Golf & City Club, an invitation-only private club with two venues. The Golf Club, which is located at 6200 Boca Del Mar Drive, includes an 18-hole course, driving range, fully equipped pro shop, pool, spa, Kids Splash Zone, grill room and bar, family wellness center, tennis courts and a clubhouse.
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