A Nelson Mullins team recently helped close what the South Florida Business Journal called one of the region's biggest residential deals of the year. In the sale transaction, the newly completed Residences at Uptown Boca sold for $230 million to Atlanta-based multifamily investor Cortland, with Nelson Mullins representing developers Giles Capital Group, Rosemurgy Properties, and Schmier Property Group.

Boca Raton partner Jeffrey Deutch and Charleston partner Lindsay Van Slambrook led the team, which included Boca Raton partner Arvin Jaffe, Charleston associate Benjamin Brams, Boca Raton paralegal Elaine Carlson, and Boca Raton practice assistant Garrett Keeler. "The entire team worked seamlessly, without regard to physical location," Deutch said. Van Slambrook handled the loan refinance, which was rolled into the sale of the asset.

Nelson Mullins has represented the developers from the outset of the project in early 2015, when negotiations to acquire the land began. After closing in 2018, the clients developed 456 rental units and an 180,000-square-foot shopping center anchored by Amazon Fresh and REI. Throughout the process, Nelson Mullins handled negotiations and documentation to acquire the land, closing on the land, the formation of the joint venture with Wheelock Street Capital, and the closing of the construction loan with QuadReal Finance.

The apartments range from one-bedroom units with 718 square feet to four-bedroom units with 1,737 square feet. Amenities include a fitness center with a yoga room, a pool, a business center, 24-hour package lockers with cold storage, a theater, a lounge, a kid's game area, a soccer field, a playground, and three dog parks.

"As lifelong Boca Raton residents and local developers, it has been truly special to create such a unique project for our local community," Alex Rosemurgy, CEO of Rosemurgy Properties, told The Daily Business Review.