Developer OAG Investment 8 LLC has filed plans for a multi-family housing development in Palm Beach County.
The mid-rise Lake Worth West Apartments would feature 181 homes, with layouts including one-bedroom and two-bedroom models. Ricardo Hernandez of OAG told the South Florida Business Journal that the building would be “an efficient, modern design [with] a relatively affordable rent.” In Greenacres, the average cost of a 758-square-foot apartment is currently $1,966 monthly, according to RentCafé.
The venture would comprise 181 apartments. Image by SD Collaborative
Depending on the source, Lake Worth West Apartments would measure five or four stories above grade. Communal amenities would include a dog park, children’s playground, and game room. SD Collaborative is the architect. As noted, OAG Investment 8 LLC is the developer.
For Lake Worth West Apartments to proceed, the firm must get a rezoning approval from “general commercial” to “urban infill.” The firm also has the 3.57-acre site under contract from its current owners, Modwash LLC and Luca Land LLC – and it’s currently working on Lake Worth Station, a 91-unit development planned for completion later this year.
Lake Worth West Apartments is slated for 4650 S Military Trl, Greenacres, Florida, 33463, in Palm Beach County. The site is largely undeveloped and offers easy access to I-95.
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