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Forest Development, Royal Palm nab $269M condo construction loan

A joint venture between Forest Development and Dan Kodsi’s Royal Palm Companies scored a $269 million construction loan for a waterfront condo project in Palm Beach County’s Lake Park.

Boca Raton-based Forest Development recently partnered with Miami-based Royal Palm on the two 24-story tower Nautilus 220 development along the Intracoastal Waterway at 220 Lake Shore Drive, according to a Forest news release.

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