Two developers hope to get approval for a multi-family housing development in West Palm Beach. The proposed venture would offer 358 apartments––148 more than the initial plan. The Palm Beach Post notes that the building would measure eight stories and offer 90 workforce housing units.
The Real Deal notes that 23 units would be for those making 60 percent of the AMI, another 23 for those making 80 percent of the AMI, and 44 apartments for those making 100 percent of the AMI. This means to qualify for residency, a one-person household would have to make about $40,920.
The venture would rest on a five-acre site.
If approved, the development would rest on five acres. The latest renderings from Google Earth show that the build site presently doesn’t host any already-existing structures.
The workforce housing venture is a joint project between Woodfield Development and Flagler Realty & Development. Woodfield Development was founded nearly 20 years ago and has developed 60 residential communities, mostly in the South.
The 358-unit complex was proposed for 8111 South Dixie Highway, West Palm Beach, FL, 33405, in Palm Beach County. It would lie along the C-51 canal, located at “the gateway of the city” via Lake Worth.
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