In August, Florida YIMBY reported on three self-storage ventures unfolding in both Miami-Dade and Palm Beach counties. The projects intend to meet the growing need for storage as South Florida’s population rises. Now, we’ve learned of another self-storage development taking shape in Florida City.
Mast Capital, Rockpoint, and The Spear Group have announced the official opening of Edera Palm Springs, a new residential community offering 264 upscale apartments in the rapidly growing village of Palm Springs within West Palm Beach. Located at 2085 South Congress Avenue, Edera Palm Springs offers a walkable garden-style community with 11 three-story buildings set amid lush landscapes, and is just a short 15-minute drive from downtown West Palm Beach. Currently experiencing a strong leasing demand, Edera Palm Springs has approximately 60% of units leased shortly after opening.
Parkside Trails is undergoing construction in Clermont, Florida. Groundbreaking occurred in the fourth quarter of 2023; just the year prior, the project was annexed into the city’s jurisdiction.
Developers Related Group, Tate Capital, and Rok Acquisitions, in partnership with Marriott International, have unveiled plans for The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale. This extensive project marks a transformative step for the renowned Bahia Mar Yachting Center, a major marina and host of the Fort Lauderdale International Boat Show (FLIBS).
Zion Village, an affordable housing development for seniors, is slated to break ground next week. The 75-unit complex will offer residency to those earning 30 percent to 70 percent of the area median income (AMI).
