Bayside North Secures $43M Loan, Moves Ahead in Rosemary District
Key Questions
How much financing was secured for the Bayside North project?
Allen Morris Co. closed a $43 million construction loan with Affinius Capital and Axonic Capital. This funding supports the 96-unit Bayside North development in Sarasota.
What features will the Bayside North project include?
The project includes workforce housing, a restaurant, a pickleball court, and a sky bridge. It marks a major residential and commercial development in the Rosemary District.
What is the current status of construction for Bayside North?
The construction loan has been secured for the second phase of Bayside. Construction is expected to begin soon on the project.
Allen Morris Co. closed a $43M construction loan with Affinius Capital and Axonic Capital for the 96-unit Bayside North project. Includes workforce housing, restaurant, pickleball court, and sky bridge. Construction starting soon, marking a major residential and commercial development in the Rosemary District.