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JVP Management Provides $140.2 Million Construction Loan for Alta New River in Downtown Ft. Lauderdale

Barchart·11/02/2026 06:15:00
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Financing supports the construction of a 35-story, 400-unit luxury rental tower by Alta Developers, with groundbreaking set for November 2026

NEW YORK, Nov. 2, 2026 /PRNewswire/ -- JVP Management ("JVP") announced today that it has provided a $140.2 million senior construction loan to Alta Developers ("Alta") for Alta New River. Located at 100 SW 6th Street in Ft. Lauderdale, Florida, the 35-story tower will include 400 luxury rental residences averaging approximately 840 square feet. The loan is JVP's third transaction with Alta.

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