West Palm Beach is currently undergoing a development boom as more and more out-of-state businesses bring their offices to the Sunshine State. Enter Vine at Clematis, a five-story community that will offer 88 apartments.
Linton Jog Associates, an affiliate of Jupiter Realty and Norbert Kent Wilmering, hopes to get approval for a high-rise building in West Palm Beach, FL. The 25-story tower would require 212,707 square feet of new construction, redeveloping the already-existing commercial building on the site.
BGI Companies and Blue Road Group have broken ground on Alba Palm Beach, a 22-story waterfront residential condominium development located at 4714 North Flagler Drive in West Palm Beach. Designed by locally-based Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect, the 262-foot-tall structure will deliver a collection of 55 boutique luxury residences, including a limited collection of four unique two- and three-story townhomes, each with unobstructed views of the serene Intracoastal Waterway and private plunge pools. Ortega Construction Company is the project’s general contractor, estimated to reach completion in 2025.
The Viking Yacht Company, a luxury yacht producer, hopes to expand its facilities in Rivera Beach, Florida. Its new sales and service center would comprise close to 45,000 square feet of new construction.
Our sources note that developers secured a $340 million construction loan for the Ritz-Carlton Residences, Palm Beach Gardens. The 11-acre venture will offer three-bedroom to five-bedroom units, measuring about 2,700 square feet to 5,000 square feet each.
