A South Florida-based real estate development firm has officially broken ground on a new, 360-unit, multifamily residential community that is near Interstate 75 and State Road 200 in southwest Ocala after securing more than $62 million in construction financing.
Construction is now underway on the new Leena Ocala, a 36-acre property situated at the intersection of SW 60th Avenue and SW 52nd Street, approximately 1.5 miles from the Ocala International Airport.
Merrimac Ventures, in partnership with Southern Waters Capital, secured $62.5 million from debt investment manager ACORE Capital to fund the development of the complex. The site is approximately two miles from the intersection of Interstate 75 and State Road 200, and 1.5 miles away from the Ocala International Airport…