Alta Developers secures $140.2 million loan for 35‑storey, 400‑unit rental tower in Fort Lauderdale
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Alta Developers secured a senior construction loan of $140.2 million. The funds will be used to build the Alta New River tower in Fort Lauderdale. This rental tower will have 35 storeys and 400 units. Construction is scheduled to begin in November 2026 and finish in late 2028.
Alta Developers has obtained a $140.2 million senior construction loan to build the 400‑unit Alta New River tower, with ground‑breaking slated for November 2026 and completion aimed for late 2028.