Construction has kicked off at the Village at Lake Worth, an apartment complex, thanks to a $14.3 million loan from Citibank.
The bank provided the mortgage to Lake Worth Village LLC, an affiliate of Miami-based AHS Development Group, according to the South Florida Business Journal.
Back in February 2013, the developer acquired the 7.6-acre property, located at 2220 Lake Worth Road, for $2.25 million.
When completed, the project will include 216 apartments in seven buildings, a lake and a clubhouse. [South Florida Business Journal] —Christopher Cameron