Construction’s expected to start on Transit Village early next year. It’ll require more than one million square feet of new construction and rest on six acres. Transit Village will offer easy access to the nearby historic West Palm Beach train station.
The venture, located in West Palm Beach, will offer 986 apartments spread across three-high rise buildings, per the Palm Beach Post. Forty of those apartments are set aside for workforce housing, and 165 micro-apartments are being offered at below-market rates.
Transit Village will have a fourth tower that will host 108 hotel rooms and comprise 182,720 square feet of commercial space. Transit Village also offers close to 50,000 square feet of retail space. It also features a 2,000-spot parking garage, which hosts a pool on the top floor. The garage will be attached to one of the residential buildings.
Sources report that Transit Village has been in the works since 2009. Developers expect that construction will take about three years, costing over to $1 billion to complete. Forge Capital Partners LLC, the Related Group of Florida, and BH Bay Harbor 103 LLC are the developers.
Bohler Engineering is the civil engineer, and Arquitectonica Headquarters designed Transit Village. Transit Village’s address is listed as North Tamarind Avenue and Banyan Boulevard, West Palm Beach, Florida, 33401, in Palm Beach County.