Construction has started on the Mosaic Palms apartments in Palm Beach County. Delray Beach-based Akel Homes is operating as both the developer and general contractor.
Scheduled for delivery in the first quarter of 2026, the luxury venture will yield five three-story buildings. In total, the Mosaic Palms apartments will offer 187 homes, with floorplans spanning one-bedroom to three-bedroom layouts, according to Akel Homes’ website.
The venture will yield 187 rental apartments. Image from Akel Homes
Of the 187 homes, about 25 percent will be designated as workforce housing, reserved for those earning up to 120 percent of the area median income (AMI). Boynton Beach city records note that a one-person household earning 120 percent of the AMI would make $90,000 a year.
Residences at the Mosaic Palms apartments come with chef-inspired kitchens, quartz countertops, and stainless-steel appliances, among other high-end finishings. Amenities at the gated community include a resort-style swimming pool, gaming lawn, and 24-hour fitness center.
The South Florida Business Journal notes that MWA Architecture designed the venture. It also notes that the acquisition of a $30 million construction loan has made the project possible. The Mosaic Palms apartments will cover the 11.8-acre site located at 7376 Lyons Road, Boynton Beach, FL, 33472, in Palm Beach County.
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