Starwood Capital Group, Hyperion Group, and Winter Properties Secure $96.4 Million Construction Financing For West Palm Beach Development

WEST PALM BEACH, Fla., May 5, 2022 /PRNewswire/ — A Joint Venture between affiliates of Starwood Capital Group, Hyperion Group, and Winter Properties has secured construction financing from J.P. Morgan for the development of a 22-story residential building at 201 Clearwater Drive in downtown West Palm Beach, Florida. The project, which is being developed by Hyperion, will have 457 apartments, 7,000 square feet of ground floor retail, a 628-space parking garage, and over 34,000 square feet of indoor and outdoor amenities. With financing in place, construction is set to begin, and the project will lease to renters in early 2024.

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