401 South Dixie Highway - Florida YIMBY

West Palm Beach Development Group Seeks $10.6M Incentive for 25-story Mixed-Use Project with Affordable Housing in Downtown West Palm Beach

8:00 am on September 3, 2024 By Oscar Nunez

A development group is seeking up to $10.6 million in incentives to incorporate affordable and workforce housing into its proposed 25-story mixed-use project ‘Fern & Gardenia’ designed by Miami-based Arquitectonica in downtown West Palm Beach. The city’s Community Redevelopment Agency (CRA) Board will review the term sheet for tax increment financing (TIF) from WPB Fern Holdings LLC today. WPB Fern Holdings LLC is a partnership between Miami-based 13th Floor Investments, West Palm Beach-based Wexford Real Estate Investors, and New York-based L&L Holdings.

2.6 Acre Development Assemblage. Image courtesy of Google Maps.

Transit-Oriented Mixed-Use Development With Hundreds Of Luxury Apartments Slated For Downtown West Palm Beach

7:30 am on September 26, 2021 By Oscar Nunez

WPB Fern Holdings LLC, a partnership between New York City-based L&L Holding Company, West Palm Beach-based Wexford Real Estate Investors (WREI) and Miami’s 13th Floor Investments, has acquired a prime 2.6-acre development assemblage in the heart of Downtown West Palm Beach. The interior lots include 418 and 464 Fern Street; 401, 415, 417 and 421 South Dixie Highway; 419 and 435 Gardenia Street, all bound by South Quadrille Boulevard to the east and located just a walk away from Brightline’s West Palm Beach high-speed rail station. The partnership is now entering pre-development planning and design work for a mixed-use project, which is expected to yield hundreds of highly-amenitized luxury rental apartments along with ground floor retail and restaurants.