News November 05, 2021
Madison Realty Loans $62M for Pompano Beach Multifamily Project
Commercial Observer reported that MAG Real Estate & Development, a Delray Beach-based full-service development and construction management company, has secured $61.5 million for the construction of two multifamily projects in Pompano Beach and Lake Worth, Florida. The Lake Worth development will include 36 townhouses, and the Pompano Beach project will hold a two-building complex with 228 units in total. “As employers continue to expand across Broward County, Pompano has become one of the fastest-growing markets in South Florida, yet the city lacks new high-quality rental housing options,” Josh Zegen, managing principal and co-founder of Madison Realty Capital, said in a prepared statement.