Index Investment has plans for a 2.2-acre parcel in West Palm Beach. Oasis Tower would measure 12 stories above grade and comprise 323 apartments, with 64 homes designated as workforce housing.
Layout plans would span from studios to three-bedroom units. Communal amenities would include a swimming pool, fitness center, work-from-home space, and rooftop terrace with a sky lounge.
The build site was acquired in 2019.
An affiliate of Index Investment, Centrepark Residences LLC, acquired the site for $2.35 million in 2019. This isn’t the first time that the developer has proposed a residential development for the parcel.
Previously, it proposed a mixed-use venture that would host 220 apartments and 2,330 square feet of retail. Yet, that project never came to fruition. So, nearly four years later, it has returned with Oasis Tower, scrapping the retail aspect and focusing more on the residential aspect.
The venture’s planned for West Palm Beach.
MSA Architects was the architect on both projects. Urban developer Matt Wojciechowski of Schmidt Nichols is representing the developer’s application. Oasis Tower isn’t the only project that Index Investment has in the works.
In 2023, it revealed plans to demolish an IHOP and office build to make way for a 277-unit building, measuring 13 stories and offering 5,000 square feet of restaurants and 12,000 square feet of retail. The venture is also slated for West Palm Beach.
Oasis Tower could soon unfold at 1415 Centrepark Boulevard, West Palm Beach, FL, 33401, in Palm Beach County.
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Great to see more workforce housing in our city. This is near Palm Beach International Airport . This will be great for airport staff. This is a start. We need much more affordable housing.