Eichners’ Continuum, Turkish partner score $350M financing for North Bay Village project

The Eichner family’s Continuum Company secured $350 million in financing for their mixed-use district planned in North Bay Village.  The debt, which includes $261 million in construction financing for the first phase and $38 million in predevelopment financing for the second phase, marks the largest financing package in North Bay Village, according to a news release. New York-based S3 Capital is the lender.  Continuum is partnering with Erdal Aksoy’s Aksoy Holding, a Turkish conglomerate with holdings in oil, gas, hospitality and real estate, on the project.  Continuum secured approval last summer from the North Bay Village Commission for a special […]

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