Overtown will be getting another luxury apartment complex after a developer obtained financing to build it, according to the SFBJ.
Soleste Grand Central is now officially under construction, and is said to be a $110 million project. Developer Estate Investments Group was just issued a $55.41 million construction loan from Bank OZK, with another $18 million mezzanine loan from Nationwide Insurance (the remained is likely equity).
Foundation work began in February.
A total of 360 apartments are planned in an 18-story tower. A garage with 438 parking spaces and ground floor retail will also be built.