Sleepy Palm Beach and neighboring West Palm Beach have awakened to a wave of new residential development.
In 2018, Palm Beach, the tony enclave known for multimillion-dollar estates, becomes home to the 30-unit 3550 South Ocean (from $2.3 million) — the first residential edifice to rise there in over a decade.
“[Potential area buyers] are trending toward newly constructed residential … They love the carefree lifestyle of a condo,” says Caprice Weber of Douglas Elliman Development Marketing, who’s leading marketing efforts for 3550 South Ocean. These clients are largely in pursuit of vacation property, she adds.
This oceanfront development — whose team includes DDG, Champalimaud Design, Kobi Karp, and Garcia Stromberg — will provide light-filled homes and private beach access.
West Palm Beach is also making a splash — notably among buyers in search of a full-time residence near the city’s shopping, entertainment and dining venues, like CityPlace.
The Bristol, a posh West Palm condominium whose interiors come adorned by Amir Khamneipur, will house 69 roomy flats (from $5 million), plus amenities such as lush outdoor terraces and spas with treatment rooms.
“They want to live, work and play all in one area,” says Weber, who’s directing sales at the Bristol.
There’s also the Arquitectonica-designed One West Palm — a mixed-use development crafted by billionaire developer Jeff Greene — that will include 326 rentals, a full-service spa, a fitness center and a restaurant (prices unavailable).
The first phase of Related Group’s Marina Village is also forthcoming, with 132 units boasting high ceilings and chef’s kitchens (prices unavailable).
Most of all, these West Palm developments will all share Florida’s best amenity: picture-perfect bay and ocean views.