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South Florida developer scores construction loan for Jacksonville multifamily project

Royal Palms Main Street to offer 227 townhouses and apartment units in gated community
Royal Palms Main Street is expected to offer a mix of garden-style apartments and townhouses for rent, seen in this rendering. (Ceiba Groupe)
Royal Palms Main Street is expected to offer a mix of garden-style apartments and townhouses for rent, seen in this rendering. (Ceiba Groupe)
CoStar News
August 6, 2025 | 4:56 P.M.

An affiliate of Ceiba Groupe, a Fort Lauderdale, Florida-based developer, received a $40.2 million construction loan for a new multifamily and built-to-rent project along Main Street in Jacksonville, Florida.

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