A New Jersey bank has provided the construction loan for Bliss, an 18-story condo tower under construction in downtown St. Petersburg.
Joshua Emory, a Miami-based principal with Primrose Capital LLC, arranged a two-year, $15.6 million construction loan from Valley National Bank for Taub Entities, the developer of the tower.
Bliss broke ground last month — 26 of 29 units were presold, with buyers putting down nonrefundable deposits. The average price in the building is $1 million.
“There was… …read more