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31 JUL

West Palm Beach’s New Planned Communities

By Jeff Lichtenstein

West Palm Beach is getting ready for another condo boom, thanks in part to Palm Beach Real Estate Tycoon and visionary Jeff Greene, who is heavily invested in downtown West Palm Beach and sees great growth potential. During the real estate bust of 2007 through 2012, Jeff Greene made millions shorting the subprime mortgage market and re-investing that money into West Palm Beach Real Estate, where he currently owns over 75 acres of prime land. He is not the only person who sees great growth potential in the West Palm Beach market, either. New developments are in the planning stages and are starting to pop up throughout the downtown area. Here is a sampling of things to come:

Icon West Palm Beach – Planned
N Flagler Drive
Related Group and Rybovich
6 Towers, 179 floors, 1,059 units
90,000-sq.ft. of commercial space

Banyan Cay Resort and Golf Club – Proposed
245-acre site east of I-95 and north of Congress Avenue
Banyan Cay Development
$280M proposed redevelopment project
145 homes, 1 Tower, 200 units, and a Resort Hotel

3 Thirty Three Downtown Rentals – Under construction
Fern Street and Dixie Highway
The Kolter Group and Ram Real Estate
1 Tower, 16 floors, 213 units

The Bristol Palm Beach– Under construction
S Flagler Drive
Al Adelson, Flagler Investors
1 Tower, 25 floors, 75 units
3-5 bedrooms, 3700-14,000-sq.ft.
Starting from $5M

Transit Village – Planned
Tri-Rail/Amtrak station
150 Clearwater Drive
Mike Masanoff
1.1M total square feet project
New All Aboard Florida Station
1 Tower, 24 floors, 420 units, and 300,000-sq.ft. of office space
300 room hotel with 33,000-sq.ft. of retail

One West Palm Beach – Planned
550 Quadrille Boulevard
Jeff Greene
2 Towers, Condo and Hotel
34,000-sq.ft. of office space
30 floors, 84 units, 209 guest suites
Condos priced from the $500Ks to $2.9M

Eighty Points West – Proposed
5700 N Flagler Drive
T-Rex Capital
1 Tower, 20 floors, 170 units
$500Ks-$2.9M

3111 Dixie Highway – Proposed
3111 Dixie Highway
1 tower, 15 floors, 300 units
18,500-sq.ft. of retail space

For questions or to keep abreast of new projects in the area, please contact Lanae Barnes of JeffRealty.com at 561.236.9617 or lanae@jeffrealty.com.

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