Financing secured for Eden at Tradition multifamily project in Florida

An undisclosed amount of funding has been secured for the development of Eden at Tradition multifamily project in Florida. JLL‘s Capital Market group arranged the funding for the Eden Living and Westport Capital Partners developed project, which will bring a total of 214 townhome units to Port St Lucia. 

The project will come up on a 16.8-acre site in Port St. Lucie, situated 2 hours away from Orlando. The location is a 30-minute drive from area beaches and 45 minutes away from West Palm Beach. Additionally,  occupants of the Eden at Tradition multifamily development will have access to major employers within the area. Some of the employers include FedEx, HCA Hospital, Cleveland Clinic, Cheney Brothers and Teleperformance.

The architect responsible for the project’s design is MSA Architects while Summit Contracting Group will be the general contractor.

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Development plans for EDEN at Tradition

The developer plans to start construction on EDEN at Tradition in Q3 2023, targeting completion by 2025.

Upon completion, the development will feature 214 townhome-style residences with private backyards, attached garages, kitchen islands, stainless steel appliances, walk-in closets, and in-unit washers and dryers. There will be a mix of two and three-bedroom townhomes, each with two and a half bathrooms and one car garage.

These units will range between 1,050 and 1,300 square feet. In addition, the community also provides a pool, grilling pavilion, fitness centre, clubhouse, dog park, playground, lake, and walking paths.

Mattamy Homes is developing the larger 8,300-acre master-planned community, referred to as Tradition. EDEN at Tradition will be built as part of this massive community, featuring over 2,500 homes. Additionally, the Tradition community will also include single-family units, villas, senior housing, office, retail, hospitality, and medical facilities. 

A Cleveland Clinic, town center, and driverless shuttle service will be available in the community. It also offers residents access to 300 acres of parks and private schools as well.