BGI Companies

BGI Companies Selects Moss Construction As The Construction Management Firm For Alba Palm Beach

Miami-based real estate development firm BGI Companies has appointed Moss Construction as the construction management firm to complete Alba Palm Beach, a 22-story, 262-foot residential building at 4714 North Flagler Drive directly on the Intracoastal waterways in the emerging Northwood neighborhood of West Palm Beach. Designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect and developed in partnership with Blue Road, Alba Palm Beach is set to deliver a boutique collection of 55 luxury residences by 2025; units are priced from $3 million and are currently 45 percent sold.

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BGI Capital Announces Closing Of $95 Million Construction Loan For 22-Story ‘Alba Palm Beach’

Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, has announced the closure of a $95 million construction loan in partnership with Wexcor Capital, a New York City-based real estate investment, management, and advising firm. The loan was financed by Kriss Capital, a New York City-based direct lender specializing in construction and bridge loans for residential assets, and it will facilitate the completion of Alba Palm Beach.

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BGI Companies And Blue Road Group Break Ground On Alba Palm Beach At 4714 N. Flagler Drive In West Palm Beach

BGI Companies and Blue Road Group have broken ground on Alba Palm Beach, a 22-story waterfront residential condominium development located at 4714 North Flagler Drive in West Palm Beach. Designed by locally-based Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect, the 262-foot-tall structure will deliver a collection of 55 boutique luxury residences, including a limited collection of four unique two- and three-story townhomes, each with unobstructed views of the serene Intracoastal Waterway and private plunge pools. Ortega Construction Company is the project’s general contractor, estimated to reach completion in 2025.

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First Look Inside Alba Palm Beach At 4714 North Flagler Drive In West Palm Beach, Florida

YIMBY has the first look at interiors inside Alba Palm Beach, a 22-story waterfront condominium tower slated for development at 4714 North Flagler Drive, directly on the Intracoastal Waterway, in the developing Northwood neighborhood of West Palm Beach, Florida. Designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect, and developed by BGI Companies in collaboration with Bay Harbor Islands-based Blue Road Group, the 262-foot-tall building will rise within a 1.71-acre site and comprise 55 luxury residences in a mix of two-, three-, and four-bedroom condos, and two- and three-story townhomes paired with 25,000 square feet of amenities. Douglas Elliman Development Marketing is handling the exclusive sales and marketing for the project, with units priced from $2.5 million anticipated to be delivered in 2025.

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BGI Companies Locks In Construction Financing For 22-Story Alba Palm Beach In Northwood, West Palm Beach

BGI Companies has closed on an $82 million construction loan from Trez Capital, a private real estate lender helping to build better communities across North America. The loan was arranged by BGI Capital  for the construction of Alba Palm Beach, a new 22-story waterfront residential condominium development in collaboration with Blue Road Group located at 4714 North Flagler Drive, directly facing the Intracoastal Waterway in the emerging and growing Northwood neighborhood of West Palm Beach. The development is designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect, and is comprised of a collection of 55 luxury condominiums and 4 two- and three-story townhomes.  The development has received a strong response with more than 30 percent of the building reserved since launching sales in February 2022.

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