Fairfield Residential Breaks Ground on New Florida Complex

Posted on Mar 21 2016 - 10:46pm by Lance Edwards

apartment construction(FORT LAUDERDALE, FL) California-based Fairfield Residential broke ground today on a new apartment community in downtown Fort Lauderdale.

A $50 million loan issued by Mercantil Commercebank covers about 2.5 acres of lane on 7th Street in Broward County, The Real Deal reports.

The luxury apartment complex will boast 292 units, and will join the eight apartment complexes already owned by Fairfield in Florida. This is their first complex in Fort Lauderdale.

Fairfield Residential was founded in 1997, and has a portfolio of 104,000 units throughout the United States.