Residences at Palm Beach is taking shape in Palm Beach County, FL. The 25-story building would offer 372 residences, ranging from studios to multi-bedroom homes. Per the Real Deal, the venture would also include a 28,184-square-foot grocery store on a 2.6-acre lot.
13th Floor Investments, L&L Development Group, and Wexford Real Estate Investors are the project’s three developers. They purchased the build site for $26.1 million in 2021. At the time of publication, they were seeking site plan approvals and hope to start construction in June 2023.
Prior to construction, the general contractor must demolish some already-existing structures on the build site. One of those buildings is an office and retail building that was erected in 1965. Arquitectonica designed the Residences at Palm Beach––and it’s shared some conceptual renderings online.
These renderings show a high-rise building sitting atop a six-story podium. One of those floors will comprise retail space, while the other five floors will comprise a parking garage. Sources report that the Residences at Palm Beach could cost $257.4 million to complete. At this time, rent isn’t publicly available.
Yet, according to Rentcafé, one can expect to pay $2,173 for a 953-square-foot apartment in West Palm Beach. The Residences at Palm Beach’s address is 401 South Dixie Highway, West Palm Beach, Florida, 33401, in Palm Beach County.