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ceanLand Investments secured a $96 million construction loan for its Sixth&Rio condo project in Fort Lauderdale from Invictus Real Estate Partners and Tannenbaum Capital Group Real Estate. The developer also partnered with Stiles Construction as general contractor, led by Ken Stiles. The eight-story, 94-unit condominium at 501 Southeast Sixth Avenue is expected to be completed in 2026.

    Prices for the units will range from $900,000 to $3 million, offering one- to four-bedroom options between 800 and 2,500 square feet. Amenities include a fitness center, club room, co-working space, coffee and wine bar, and rooftop pool. The project's website lists FSMY Architects + Planners and AM Studio as designers, with ID & Design International and Interiors by Steven G handling interiors.

    OceanLand founder Jean-Francois Roy noted that securing the loan was challenging due to rising construction costs and a tougher lending environment. He also highlighted increased city requirements and buyer demands for security and amenities in condo projects.