Index Investment Group, a Swedish developer, hopes to get approval for a mixed-use development in Palm Beach County, Florida. In a joint partnership with Verdex Construction (called “District Pointe, LLC”), the venture would comprise both commercial and residential aspects, all resting on a 7.85-acre build site.
Per the South Florida Business Journal, the residential aspect would offer more than 400 units; 277 units in a 13-story building and 193 units in a 12-story tower. It could also offer 125 workforce housing units.
The venture would require repurposing this office building.
The commercial aspect would offer 12,000 square feet of retail, along with 5,000 square feet of restaurants. There would also be 1,000 parking spots to be shared between both tenants and customers. They will be divided among two mid-rise parking garages.
Prior to breaking ground, Verdex Construction would have to demolish an IHOP. In its place would be Playce Palm Beach, a sport-themed complex. It could offer rooftop paddleball and pickle ball. The playing area would be enclosed in glass, so players would have a view of the downtown area.
The venture would be in Palm Beach County, FL.
District Pointe LLC plans on redeveloping the already-existing 65,760-square-foot office complex into a multi-tenant office building. It’s partnering with MSA Architects and Urban Design Studio on the design.
If approved, District Pointe LLC’s project would unfold at 1501 to 1505 Belvedere Road, West Palm Beach, Florida, 33406.
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