Continua Developments secures $28M construction loan for URBANIA® Flagler 1st Ave, a 110-unit multifamily mid-rise in Ft. Lauderdale, Florida

MIAMI, Sep. 12, 2025 –  JLL Capital Markets announced today that it has arranged the $28 million financing for URBANIA® Flagler 1st Ave, a residential development in the Flagler Village neighborhood of Ft. Lauderdale, Florida.

JLL worked on behalf of the borrower, Continua Developments, in securing and structuring the construction loan through Goldman Sachs.

URBANIA® Flagler 1st Ave will be a Class A multi-story residential complex, with structured parking and ground-floor retail, featuring contemporary architecture with palm-lined entrances and spacious balconies, designed to embrace South Florida's vibrant lifestyle.

JLL Capital Market’s Debt Advisory team, representing the borrower, was led by Managing Director Max La Cava, Director Jimmy Calvo and Director Kenny Cutler.

“We are honoured to have partnered with Continua Developments to successfully arrange the financing for URBANIA® Flagler 1st Ave – which marks the group’s entrance into the Ft. Lauderdale market after a 30-year history as an international blue-chip residential developer,” said La Cava. “In 2021, Continua made the strategic decision to expand into the United States, and after extensive analysis, the group selected South Florida as their first expansion market. The region’s robust economic fundamentals and exceptional long-term growth prospects make it one of the most desirable investment destinations for international investors and family offices.”

"We are very grateful to JLL for their trust in our vision, as well as to our lender Goldman Sachs," said Pablo Gonzalez, CEO at Continua Developments. "This milestone is not only an important step for URBANIA® Flagler 1st Ave but also for Continua Developments, as we continue to grow our presence in South Florida and deliver high-quality residential communities."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

CONTINUA DEVELOPMENTS leveraged CONSTRUCTORA CAPITAL’s extensive three-decade-long tenure as a thriving real estate developer in Colombia, demonstrating our unwavering dedication to fostering middle-class communities and our resident’s life our ultimate project.

Goldman Sachs, founded in 1869, is a leading global investment banking, securities and investment management firm that commits its people, capital and ideas to help clients, shareholders and communities grow. With headquarters in New York and offices in major financial centers worldwide, Goldman Sachs believes progress is everyone's business.