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ROYAL PALM BEACH, FLA. — Archstone, in a joint venture with FUTURA Acquisitions Group, has started construction on the 268-unit Enclave at Wellington, a new apartment community located at Highway 441 and Anthony Groves Road in Royal Palm Beach. Amenities will include a recreational trail with fitness stations encompassed by a new park and lakefront, a dog park and substantial green spaces. Bank of Ozarks provided construction financing, and HFF served as financial advisor and secured construction financing for the joint venture. ARA brokered the joint venture transaction between the two development partners.