South Florida real estate development and investment firm Mast Capital has joined forces with Boston-based Rockpoint and The Spear Group to break ground on an 18-acre multifamily development in Palm Springs, Florida. With $42.5 million in construction financing from Santander Bank, the project, located at 2085 South Congress Avenue, will rise on the site of the former YMCA of the Palm Beaches. The development will feature 264 upscale, garden-style apartments across 11 residential buildings.
Camilo Miguel Jr., CEO and Founder of Mast Capital highlighted Palm Beach County as one of the most sought-after residential markets in Florida and the country. The new project addresses the region’s growing demand for housing options and community-driven development.
Streetview of 2085 South Congress Avenue as of October 2022, during the former YMCA of the Palm Beaches demolition. Photo from Google Maps.
MSA Architects has designed the multifamily development to include an array of lifestyle-focused amenities, such as a fitness lawn, outdoor swimming pool, tot lot, dog park, and lake trail, creating a walkable environment for residents and visitors alike. The property will also provide electric vehicle charging stations and a clubhouse with a high-end club room, fitness studio, co-working space, game room, and intelligent parcel lockers.
As Florida’s population continues to grow, a trend that accelerated during the pandemic, Palm Springs has seen a steady influx of new residents drawn to its unique urban and suburban living mix. The 2020 US Census reported a 42% population increase in Palm Springs between 2010 and 2020, reaching 26,890 residents.
Mast Capital has been actively expanding its portfolio with mixed-use and multifamily projects throughout the state. With acquisitions representing over $3.5 billion in total project capitalization, Mast Capital’s investments include the new-build development of 2,300 residential units, ranging from suburban and urban apartments to upscale condominiums in areas such as Miami’s Brickell Financial District, Miami Beach, Palm Beach County, Fort Myers, the Orlando metro area, and the Tampa metro area.
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Hello, i would like to know if this apartments will be for rent or sale.
Will these lovely apartments for rent or sale?
Will the owner except section 8 voucher
Will these apartments be income based ? For low income families?
WHEN WILL THESE APARTMENTS BE AVAILABLE? INCOME?
If this apartments are for sale, please contact me
I will like to know if the homes and condominiums are for sale? How can I get more information?
How do you go about finding out information about this apartment what’s the phone number
Hi, I would like to know if the multifamily development on S. Congress Palm Spring Florida are going to have some business spaces for lease. I am interested in a beauty salon space.
I appreciate in advance your help
Hola quisiera saber si lo apartamentos están para venta o renta?
HOLA NECESITO SABER SI LOS APTO DE 1 CUARTO TIENEN LOUNDRY.