America Walks, an Ohio-based multifamily development firm, is developing Encore at Tradition, an active adult community located in Tradition (a master-planned community within Port St. Lucie), Florida. This is being done with the help of a $95 million mortgage loan originated from Madison Realty Capital, a real estate private equity firm managing $11 billion in assets.
Encore at Tradition will be comprised of 303 single-story, ranch-style villa units across 60 buildings and two multifamily buildings, connected by a 24,000-square foot clubhouse and amenity deck. Resort-style amenities will be offered, including a salon, sauna, walking/biking trails, golf simulator, sport courts and a dog park. As of mid-August, the development was 55% complete, and the community is expected to be delivered in phases beginning the fourth quarter, with final completion sometime in the summer of 2024.
