A condo tower going up in West Palm Beach, where units are going for $5 million to $12 million, just snagged a $200.9 million construction loan, the South Florida Business Journal reports.

The pricey building is just one of many projects going up in South Florida, which has become luxury condo country.

The 25-story tower, developed by Al Adelson and Gene Golub, will have 69 units. Designed by Amir Khamneipur, units range from 3,700 square feet with three bedrooms to 9,000 square feet with five bedrooms. Building amenities include a marble-decked lobby, a club lounge, a fitness center, a two-story wet and dry spa, terrace gardens, and a 75-foot lap pool. The high-end building even offers a concierge and Bentley service throughout the Palm Beach area.

Seventy percent of the units are already sold, Adelson told SFBJ.

photo by The Bristol Palm Beach