Related Ross has officially broken ground on Shorecrest, a new luxury condominium development located at 1865 North Flagler Drive in West Palm Beach. The 28-story waterfront tower is set to offer 98 exclusive residences, with prices starting at $3.5 million. The project signifies a new phase of high-end development along the city’s prestigious "Billionaire’s Corridor."
Key Takeaways
- Groundbreaking ceremony held for the Shorecrest luxury condominium.
- 28-story tower to feature 98 residences, starting from $3.5 million.
- Secured $157 million in construction financing.
- Completion is anticipated by 2027.
- Designed with boutique scale and extensive amenities.
Shorecrest Development Details
The Shorecrest tower, designed by Roger Ferris + Partners, will stand 28 stories tall and is situated along Flagler Drive. The development will house 98 residences, with each floor featuring only four two- or three-bedroom units. Interiors are being crafted by Rottet Studio, promising a sophisticated living experience. Related Ross has secured $157 million in construction financing from GoldenTree Asset Management to support the project.
Amenities and Exclusivity
Residents of Shorecrest will benefit from an impressive 18,355 square feet of amenities. These include a rooftop pool deck complete with a 75-foot lap pool, a hot tub, and a cold plunge. Separate his-and-hers spa facilities will offer sauna and steam rooms. Indoor amenities are designed for leisure and productivity, featuring a golf simulator, executive meeting spaces, a game lounge, and a private dining room. The development emphasizes a boutique scale and offers stunning ocean and Intracoastal views, catering to buyers seeking exclusivity.
Project Timeline and Vision
Bryan Cho, Executive Vice President at Related Ross, expressed enthusiasm for the groundbreaking, stating, "Breaking ground on Shorecrest signals a new era of design-forward luxury along West Palm Beach’s coveted waterfront, advancing the project toward completion." He highlighted the project’s boutique scale, views, and amenity program as key draws for discerning buyers. Adam McPherson, senior vice president of residential sales with Related Ross and Corcoran Sunshine Marketing Group, is overseeing sales for the property. The anticipated completion date for Shorecrest is 2027.