The multifamily development arm of sugar giant Florida Crystals, FCI Residential, is set to break ground on its next project after securing a $23.73 million construction loan. The funding for the 10 acre site in Pompano Beach, Florida was supplied by Miami-based Sabadell United Bank. The development, Atlantico at Palm Aire, will feature a club house with pool, dog park and a bike path. FCI Residential bought the site in 2016 for $6.3 million. FCI has built similar apartment complexes in Miramar, Coconut Creek, Kendall, Palm Beach Gardens, Boca Raton and Palmetto Bay.
