Echelon at 100 Seascape Drive, Miramar Beach FL — 24-story, 246-unit luxury resort condominium. $96M equity offering. 8% preferred return. ~18% target IRR. 2.1x equity multiple. Reg D 506(c). Accredited investors only. Tokenized co-investment equity via DelNorte Equity Mint. Sponsor: MB Condos LLC (Frank Griffith, Michael Schneider, Mark Pan). Total project cost $320M. Projected valuation $406.5M+. SMP Architecture conceptual design complete. WFG ALTA title commitment in place.
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