The development team that is fully under construction with a North Gulch mixed-use building has landed a permit valued at about $72.1 million.

The issuing of the permit comes after a $181.8 million construction loan was secured and ground broken in June related to the development.

The 16-story tower is being constructed on 0.79 acres at 1221 Grundy St. It will offer 144 extended stay hotel units, 168 time share residences, and restaurant and retail spaces of about 14,500 square feet collectively (read more and see additional images here ).

Tidal Real Estate Partners (which is co-based in Charleston, S.C., and Palm Beach, Florida) is the development company, with Nashville-based ESa serving as the architect. On-site construction work started in June.

The future building will stand a

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