A new six-story hotel is set to be built as part of the Nora mixed-use development in Florida, situated at 1055 N Railroad Avenue. The hotel will feature 201 rooms and is expected to be completed by 2026. The broader Nora development is a 175,000-square-foot project, with the first phase consisting of approximately 150,000 square feet of retail and 55,000 square feet of office space.
This phase, which is expected to be completed next year, has secured a $84 million mortgage from Bank OZK. The first-phase tenants at the development include a range of businesses, including Loco Taqueria & Oyster Bar, H⁘H Bagels from New York, Van Leeuwen Ice Cream, Juliana's Pizza, Celis Juice Bar and Café from West Palm Beach, "and national boutique fitness chains Rumble and Solidcore." The completion of the hotel and development is expected to bring new amenities and opportunities to the area... solidifying the Nora mixed-use development as a desirable destination in Florida.
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The new, six-story hotel, to be built within the Nora mixed-use development, will house 201 rooms at 1055 N Railroad Avenue . The 175,000-square-foot development is expected to be completed in 2026. In June, Bank OZK provided a $84 million mortgage for the first phase, which will feature about 150,000 square feet of retail and 55,000 square feet for office space inside rehabilitated warehouses and new development. Construction is expected to be completed next year.
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