Real estate developer Post Brothers has secured a $170 million loan to start construction on the second phase of its Piazza Alta project in Northern Liberties, where two new buildings will add another 431 apartments to the first phase of the complex completed two years ago.

Financing for the next phase of the development will come from San Antonio-based Affinius Capital, the Commercial Observer reported Monday.

Post Brothers, run by brothers Matthew and Michael Pestronk, has led a transformation of the former Piazza at Schmidt's and its surrounding parcels over the last several years. In 2018, they had purchased the original Piazza apartments and retail complex, built by developer Bart Blatstein in the 2000s and then acquired a controlling stake in plans to expand at the corner of

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