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BTI Partners Sources $55M In Tax-Exempt Bonds For Final Phase Of The Grove Resort & Spa

BTI Partners Sources $55M In Tax-Exempt Bonds For Final Phase Of The Grove Resort & Spa

An affiliate of South Florida-based developer BTI Partners has raised $55.26 million in tax-exempt bonds to fund the next year of renovation and construction at its 878-unit condo hotel The Grove Resort & Spa.

"The water parks was a portion of the debt raise, that's under construction as we speak and will be completed in January 2018," he said. "Phase 2 (another 280 units) should be opening by March 2018, and then a final phase of 280 renovated units will follow."