Colliers is proud to announce that Floridays Development Company, based in Sarasota, Florida, successfully secured a $41.5 million senior construction loan with the assistance of the Dallas Colliers team for the development of Harborside at Sapphire Bay, a 316-unit Class A waterfront apartment community. Executive Vice President Jorg Mast, Executive Vice President Chris Paul, and Vice President Danny Miller assisted the developer in securing this transaction.
Harborside marks the second phase of the Sapphire Bay development, complementing its sister property, Surfside, which has been under construction for the past 22 months and is now delivering its first units. With financing now in place, construction of Harborside is well underway, further expanding the luxury residential offerings within this premier master-planned community in the Dallas/Fort Worth Metroplex.
“We are thrilled to bring the next phase of Sapphire Bay to life with the development of Harborside,” said Angus Rogers, Founder and Principal of Floridays Development Company. “This community will offer an exceptional waterfront living experience, combining high-end residential spaces with world-class amenities in one of the most exciting master-planned developments in Texas.”
As a premier destination for waterfront living located at 1101 Sapphire Bay Blvd., Harborside at Sapphire Bay is situated in the heart of the highly anticipated $1 billion mixed-use Sapphire Bay development. Upon completion, Sapphire Bay will feature:
- 1,500+ residential units
- 7 million square feet of mixed-use space, including restaurants, retail, entertainment, office, and hospitality
- 20+ acres of parks and scenic trails
- A 1,000-slip marina, creating a vibrant waterfront lifestyle
Jorg Mast, Executive Vice President at Colliers, expressed gratitude for Floridays’ commitment and trust, stating, “Securing construction financing in today’s capital markets environment is challenging, and we deeply appreciate Angus Rogers for his confidence in us to help make this happen.”
With construction now in progress, Harborside at Sapphire Bay is poised to become a premier residential destination, offering an unparalleled living experience in one of the most exciting mixed-use developments in Texas.
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