Affiliated Development Begins $81M South Florida Project

Posted in: Press by: Matt on October 3, 2021

Affiliated Development has started building The Grand, a mixed-income workforce housing property in downtown West Palm Beach, Fla. The firm closed on a $53 million first mortgage from Bank United, and also received an investment from Affiliated Housing Impact Fund LP and a private family office.

The $81 million project previously received $15 million in financing from the West Palm Beach Community Redevelopment Agency and the City of West Palm Beach Department of Housing and Community Development.

Read More