A joint venture between The Ronto Group and Wheelock Street Capital has secured construction financing, which amounts to $122.5 million according to public records, for the development of Infinity at The Colony, a 96-unit luxury condominium project in Bonita Springs, Fla. Working on behalf of the borrowers, JLL arranged the loan through MSD Partners.
The Ronto Group is an active developer in the Florida condo market, having recently topped off a luxury tower in Tampa. Completion is expected in 2024.
Part of The Colony at Pelican Landing
Infinity will rise at 4820 Pelican Colony Blvd., on the last development site available within The Colony, a country-club community with more than 1,000 residences. The site is part of Pelican Landing, a 2,300-acre master-planned development featuring numerous amenities to which Infinity residents will have access.
Upon completion, the 21-story high-rise will comprise three- and four-bedroom floorplans ranging from 3,075 to 4,020 square feet. All residences will be serviced by private elevators and will feature floor-to-ceiling windows, private balconies, quartz countertops and Jacuzzis. Common-area amenities will include a private theater, a fitness center, a dog grooming room, two-car garages, two swimming pools, two bocce lawns and a game room, as well as an 18-hole golf course.
Senior Managing Director Steven Klein and Managing Director Brian Gaswirth, along with Associate Paul Adams, led the JLL team that secured the financing.
