WPB Fern Holdings LLC, a partnership between New York City-based L&L Holding Company, West Palm Beach-based Wexford Real Estate Investors (WREI) and Miami’s 13th Floor Investments, has acquired a prime 2.6-acre development assemblage in the heart of Downtown West Palm Beach. The interior lots include 418 and 464 Fern Street; 401, 415, 417 and 421 South Dixie Highway; 419 and 435 Gardenia Street, all bound by South Quadrille Boulevard to the east and located just a walk away from Brightline’s West Palm Beach high-speed rail station. The partnership is now entering pre-development planning and design work for a mixed-use project, which is expected to yield hundreds of highly-amenitized luxury rental apartments along with ground floor retail and restaurants.
The Construction Journal reports that ette hotel, a boutique luxury hotel in Kissimmee, Florida, is nearing completion. Barton Malow Company, the project’s general contractor, broke ground on the two-acre site in late 2019.
The Federal Aviation Administration has received applications for two 765-foot-tall tower tower cranes at the site of Chetrit Group’s Miami Riverwalk Towers development. The filing occurred on September 20th, and corresponds to the vertical construction of a 54-story mixed-use tower that is planned to rise at 275 Southwest 6th Street. Designed by renown architect Kobi Karp, piling work is now underway for the first of what eventually will become four towers. The mega development is projected to yield 4.2 million-square-feet including 1,678 residential units, 330 hotel rooms, 196,882-square-feet of retail space, 98,040-square-feet of office space and 30-slip marina.
Saltaire is a 35-story luxury residential building coming to Saint Petersburg, FL. Kast Construction Company LLC broke ground on the endeavor in April 2020 and will finish in 2023.
The Gateway at Wynwood, a 12-story mixed-use project located at 2916 North Miami Avenue, has reached another milestone in construction. The installation of the vibrant and artful mural previously seen in renders has begun, starting with the southern section of the garage. The building is designed by renowned Miami architect Kobi Karp and developed by R&B Realty Group, offering about 195,000 square feet of leasable Class A office space and nearly 25,900 square feet of prime street-level retail space, while sitting on the border of the Wynwood and Midtown neighborhoods.