Ronto Group JV Lands $123M for Florida Condo Project
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JLL arranged for the loan via MSD Partners.
The joint venture between The Ronto Groupand Wheelock Street Capitalhas obtained construction financing of $122.5 million, according to public records. This is for the development Infinity at The Colony in Bonita Springs. JLL arranged the loan on behalf of borrowers MSD Partners.
The Ronto Group has been active in the Florida condominium market. It recently completed a tower of luxury in Tampa. The completion date is 2024.
The Colony of Pelican Landing
Infinity will be built at 4820 Pelican Colony Boulevard, the last available development site within The Colony. This country club community has more than 1,000 homes. This site is part Pelican Landing – a 2,300 acre master-planned community with numerous amenities that Infinity residents can access.
The 21-story building will feature three- and four bedroom floorplans that range from 3,075 square feet to 4,020. The residences are all serviced by their own elevators, and feature quartz countertops, floor-to ceiling windows, and Jacuzzis. The common areas will feature a private theatre, a fitness room, a dog-grooming room, two garages, swimming pools, bocce courts, game rooms, and an 18-hole course.
The team led by Senior Managing Directors Steven Klein and Brian Gaswirth along with Associate Paul Adams secured the funding.
