Shoma Group Lands $173M C-PACE Loan for North Bay Village's Shoma Bay

a Group has secured $172.5 million in C-PACE financing from Nuveen Green Capital for Shoma Bay, its 24-story waterfront condominium development at 1850 John F. Kennedy Causeway in North Bay Village, Florida. The project will include 333 condo residences and retail space anchored by a 36,000-square-foot Publix, with C-PACE serving as the development's sole debt source.