Summary
FLORIDA. Asset Type: Development Site. Transaction Type: Loan
This property asset is a development site located at 900 Intracoastal Drive in Fort Lauderdale. It covers a
square footage of 33,003 and is poised to feature a 28-story structure with 44 residential units. Prices
for the condominiums are expected to start in the high $2 millions, with completion anticipated in Q3 2027 Planned amenities for the project include a gym, pool, spa, and golf simulator.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $115,000,000
- Lender: GoldenTree Asset Management
- Landlord: Kevin Maloney – Property Markets Group (PMG)
- Loan Type: Construction
Key participants in this transaction include Kevin Maloney of Property Markets Group, who serves as the
landlord, and representatives Ryan Shear and Dan Kaplan involved in securing the loan. The project
marks a significant development effort in the Fort Lauderdale area, with a focus on luxury residential
living.
Players
Details
IMAGE: Kevin Maloney, Ryan Shear & Dan Kaplan
DATE: 12/24/2025
ADDRESS: 900 Intracoastal Drive
MARKET: Fort Lauderdale ASSET TYPE: Development Site
LENDER: GoldenTree Asset Management LANDLORD: Kevin Maloney – Property Markets Group (PMG)
(@PMGDevelopment)
LOAN AMOUNT: $115,000,000
LOAN TYPE: Construction
NOTE: Property Markets Group secured a $115 million construction loan to complete the 28-story, 44- unit Sage Intracoastal Residences condo in Fort Lauderdale, with prices starting in the high $2 millions. The project broke ground in November on the 33,003-square-foot site at 900 Intracoastal Drive, with completion expected in Q3 2027 and amenities including a gym, pool, spa, and golf simulator.