Forté Development Secures $60 Million Construction Loan for Forté Luxe, a Luxury Waterfront Community in Jupiter, Florida

Forté Development has secured a $60 million construction loan for Forté Luxe, its luxury boutique waterfront community located at 12450 Crystal Cove Place in Jupiter, Florida. The financing, which closed July 29, will support continued vertical construction on the project, with completion anticipated in summer 2026. The $60 million construction loan was provided by Kriss Capital and arranged by Michael Horowitz, Jordan Horowitz and David Horowitz of Cooper Horowitz on behalf of Forté Development. “This financing marks an important milestone as Forté Luxe advances into the next phase of construction,” said Marius Fortelni, founder and CEO of Forté Development. “We are building something truly unique on the Intracoastal Waterway, and we are grateful to have the support of our financial partners who understand and believe in the vision.” "We are pleased to provide $60 million in construction financing for Forté Luxe," said Jody Kriss, founder of Kriss Capital. "The project's exceptional waterfront location, strong pre-sales and experienced development team instill full confidence in its success and its positive contribution to the Jupiter, Florida, community. Kriss Capital is committed to supporting Forté Luxe until its completion." “Forté Luxe is a great example of what can be achieved through collaboration, vision and seamless execution,” said Michael Horowitz, commercial mortgage broker at Cooper Horowitz. “Set on one of the most extraordinary waterfront sites in the Southeast, this development redefines luxury living in South Florida. It’s been a true pleasure to be part of this transformative project over the past 18 months and to witness its remarkable evolution from concept to reality. Tremendous progress continues on-site today, and we’re incredibly excited to see the final product come to life. Cooper Horowitz is proud to have played a role in financing such a landmark community.” Forté Luxe features 17 multi-level residences on a private peninsula surrounded on three sides by the Intracoastal Waterway, offering unobstructed panoramic views of cobalt blue water. The residences range from 3,550 to more than 5,074 square feet of living area and are priced from $3.975 million to $8 million. Each home is designed with floor-to-ceiling windows, expansive private terraces, rooftop decks, private garages and direct elevator access. Residences include refined finishes such as European-style cabinetry, Quartz countertops with waterfall islands, engineered hardwood or large-format porcelain flooring, spa-like bathrooms and walk-in closets. Every unit is oriented to capture natural light and water views, blending contemporary architecture with the area’s natural beauty. Forté Luxe will include 13 private boat slips available for vessels up to 60 feet, which residents may purchase for dockage. Community amenities include a resort-style swimming pool, sun deck and outdoor entertainment areas. The pet-friendly development offers direct water access and no fixed bridges to the Jupiter Inlet. Architecture is led by Alfonso Jurado. Interiors are by Interiors by Steven G., with KAST Construction serving as general contractor. Douglas Elliman Development Marketing is the exclusive sales and marketing team. Forté Luxe is located at 12450 Crystal Cove Place, Jupiter, FL 33469. The Forté Luxe Sales Center is open by appointment only at 11911 N US 1 #102, North Palm Beach, FL 33408. For more information, call 561-800-4622. About Forté Luxe                                            Forté Development’s 40 years of international real estate development, construction, and finance experience are brought together at FortéLuxe. Located on a one-of-a-kind peninsula across the Intracoastal Waterway from Jupiter Island, Forté Luxe is a waterfront community consisting of just 17 multi-level residences surrounded on three sides by sparkling Intracoastal views. Each residence merges a modern architectural aesthetic with the area’s pristine natural surroundings. Private boat slips are available for vessels up to 60 feet. With pricing from $3.975 million to $8 million, Forté Luxe is slated to be complete in summer 2026. For more information about Forté Luxe, visit forte-luxe.com. About Marius Fortelni, founder and CEO of Forté Development Marius Fortelni is the founding member of Forté Development, and the original visionary of Forté on Flagler, its signature project located on the waterfront in West Palm Beach, Florida. Fueled by his passion for great architecture and unique real estate assets, Fortelni came to Southeast Florida in 2016 in search of waterfront land to develop. He was successful in gaining control of the current development site and is credited with creating the original architectural masterplan for the project. Fortelni continues to manage the architectural and design aspects of Forté on Flagler. Fortelni has over 40 years of international real estate development, construction, and finance experience. Early in his career, Fortelni was a principal in a cement distribution company located in Africa and Saudi Arabia, and also managed the design and construction of large-scale residential subdivisions for the Royal Saudi Commission. In the U.S., Fortelni has developed and managed several residential projects throughout the New York metropolitan area with a focus on the Manhattan and Hamptons submarkets. Fortelni currently lives in Palm Beach Gardens, Florida, where he manages his real estate development and management business.For more information about Forté on Flagler, visit fortewpb.com. For more information about Forté Development, visit fortedevelopmentus.com. About KAST Construction Founded and based in West Palm Beach, Florida, KAST is consistently ranked as one of the largest construction management/general contracting firms in Florida, with an unparalleled reputation for quality, safety and customer satisfaction. KAST’s range of services includes preconstruction services, value engineering, BIM modeling, management of LEED requirements, and turnkey construction services for projects of any size. Since 2005, KAST has built a portfolio in several market sectors, including multi-family, hospitality, condominium, municipal, education, office assisted living, medical, country club and retail. https://www.kastbuild.com About Douglas Elliman Development Marketing (DEDM)  Douglas Elliman Development Marketing, a division of Douglas Elliman Realty, offers unmatched expertise in sales, leasing, and marketing for new developments throughout New York City, Long Island, Westchester, New Jersey, Florida, California, Massachusetts, and Texas. The company’s new development hybrid platform matches highly experienced new development experts with skilled brokerage professionals who provide unparalleled expertise and real time market intelligence to its clients. The firm is heralded for its achievements in record-breaking sales throughout each of its regions. Drawing upon decades of experience and market-specific knowledge, Douglas Elliman Development Marketing offers a multidisciplinary approach that includes comprehensive in-house research, planning and design, marketing, and sales. Through a strategic global alliance with Knight Frank Residential, the world’s largest privately-owned property consultancy, the company markets properties to audiences in 58 countries, representing an over $87 billion global new development portfolio. At Forté Luxe, exclusive on-site sales executives Matthias Fretz and Seth Mansfield represent the Douglas Elliman Development Marketing team. https://www.elliman.com/marketing