$83M Pushes 72-Unit Project Forward

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MARATHON, FL-Miami-based Peebles Corp. has obtained $83 million in construction financing for the development of Manoir Resort Villas. The project will bring 72 units to five acres at mile marker 54.

The financing was obtained from Fremont Investment & Loan, which has financed other Peebles projects in Miami, Washington, DC and San Francisco. Each villa will have an average of 1,500 sf with two bedrooms, 2.5 bathrooms, a private elevator and rooftop terraces. Units will be furnished, with prices from $1.8 million. A sales and marketing campaign for the property will begin this month with construction expected to begin in July.