Morgan Group, Carlyle JV nab $67M loan at shuttered Macy’s site for 356-unit apartment project

  • 10/24/2024

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South Florida Business Journal

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STORY HIGHLIGHTS
Santander Bank issued a $67 million mortgage for the former Macy's site at Pompano Citi Centre.
Carlye Group and Morgan Group bought the land for $18.86 million.
Companies plan to build 356 apartments and 545 parking spaces.

The Carlyle Group (Nasdaq: CG)
Matt Ballinger | Principal, Real Estate Credit Opportunities
Morgan Group
David Whitby | SVP, Investments
The Carlyle Group (Nasdaq: CG)
Timothy Bruning | Managing Director, US Real Estate

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