This Week’s South Florida Deal Sheet

Bisnow
August 14, 2023
By Matt Wasielewski

Meyers Accesso secured $46M to build a 200-unit apartment property in Lake Worth Beach.

FINANCING

Aventura-based Meyers Accesso secured a $46M construction loan to develop a 200-unit apartment property in Lake Worth Beach in Palm Beach County, according to a release. Meyers Accesso is a partnership established last year between Meyers Group in Dania Beach and Accesso Partners in Hallandale Beach. The group secured the loan from Iowa-based American Equity Investment Life and SteepRock Capital in Greenwich, Connecticut.

The development, located at 3300 Boutwell Road, will be called Avery Lake Worth and will include two five-story buildings with surface parking and a shared outdoor common area. It will have one- and two-bedroom units and amenities including a pool, grilling stations, a dog park, a fitness center and a business center.

Pre-leasing is slated to begin in spring 2025 with a delivery date shortly thereafter.