Mirror Lake condo tower in St. Pete lands $73 million construction loan

Hemmer Group, the developer of Reflection Condominiums on downtown St. Petersburg’s Mirror Lake, has taken out a $73.375 million loan for the project. ACRES Capital Corp. said it originated the loan to Mirror Lake Place LLC — which is linked to Hemmer in state records — to “fund the development of Reflection Condominiums.” The development will feature 88 condos in 18 stories and will also have 2,763 square feet of retail space available for rent, 27,691 square feet of common area as…Original Article