Terra closed on a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach and announced it has broken ground on the hybrid hotel/residences venture. The financing was provided by TYKO Capital. Aztec Group represented the borrowers in the construction loan deal.
Once complete, Mr. C Hotel & Residences West Palm Beach at 401 S. Olive Avenue will feature 110 hotel suites and 146 residences. The project was designed by Arquitectonica and the design studio Meyer Davis.
Amenities at Mr. C Hotel & Residences West Palm Beach include a garden-level lap pool with private cabanas, a poolside bar and lounge area, a fully equipped fitness center, and a signature spa with steam and sauna rooms.
A professional hospitality team is available to coordinate everything from housekeeping, pet care, and appointment scheduling to in-home dining, package handling, and travel support.
Mr. C Hotel & Residences was founded by Ignazio and Maggio Cipriani.
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