Terra and Sympatico Real Estate have closed on a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach and announced that the project has officially broken ground. Financing was provided by TYKO Capital, marking a major milestone as construction begins with the development already 70 percent sold. Aztec Group represented the borrowers in the transaction.
Credit: Terra.
“Our lender recognizes the prime opportunity in West Palm Beach and the potential for continued growth in demand,” said David Martin, CEO of Terra. “Breaking ground on Mr. C Hotel & Residences marks a new era of quality and convenience in downtown. With walkable access to excellent retail and dining, the property offers a turnkey lifestyle defined by curated design, elevated service, and effortless sophistication that no other project in West Palm Beach has. We look forward to completing this project next year.”
Credit: Terra.
Located in downtown West Palm Beach, the Arquitectonica-designed project will rise as the first Mr. C Hotel & Residences in Palm Beach County. The development will deliver 110 hotel suites and 146 branded residences, with interiors by Meyer Davis. The design takes inspiration from the Italian Riviera of the 1950s and the city’s sailing culture, with refined finishes, expansive layouts, and large windows framing views of the Intracoastal Waterway and skyline. Select residences feature corner exposures and generous terraces.
Credit: Terra.
“We’re excited to watch this project come to fruition alongside our partners at Terra. The financing and groundbreaking brings us one step closer to delivering Mr. C’s unmatched residential lifestyle in downtown West Palm Beach,” said Tommy Morrison, President at Sympatico Real Estate.
Credit: Terra.
Amenities will include a garden-level lap pool with private cabanas, a poolside bar and lounge, a fitness center with rooms for yoga, pilates, and Peloton workouts, and a spa with steam and sauna facilities. Residents will also have access to a library, business lounge, children’s play area, art installations, and a private members’ lounge. A custom Mr. C Hotel & Residences app will provide digital access to building services.
Credit: Terra.
“As a brokerage that specializes in representing the region’s most compelling properties, we are proud to be aligned with a project as thoughtfully executed as Mr. C Hotel & Residences West Palm Beach,” said Jay Parker, CEO of Douglas Elliman Florida. “From its elevated aesthetic to its connection with a globally respected brand, this development offers something truly distinct in today’s market. The combination of design, service, and location has already resonated strongly with buyers, and we expect that momentum to continue as construction progresses.”
Credit: Terra.
The Cipriani family founded the Mr. C brand in 2011 with its first hotel in Beverly Hills, later expanding to New York, Miami, and Dubai. The West Palm Beach property continues that growth, bringing the brand’s interpretation of European-inspired elegance to a new market.
Credit: Terra.
“Every Mr. C property is an expression of our way of life, with warmth, attention to detail, and a relaxed sense of sophistication,” said Ignazio Cipriani, Co-Owner of Mr. C Hotels. “Bringing that sensibility to West Palm Beach is something we are truly proud of. This project reflects the way our family approaches hospitality, where design, service, and atmosphere come together with intention. The hotel and residences will offer a lifestyle that is elevated yet comfortable, grounded in tradition and built for how people live today.”
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A box with a box tumor. Really creative here, huh?