West Palm Beach is experiencing a significant boom in luxury real estate development, particularly in its downtown core. The city is rapidly transforming with new high-end condominiums, office towers, restaurants, and retail spaces. This growth has earned West Palm Beach the nickname "Wall Street South" due to the influx of financial firms.
Downtown West Palm Beach’s Luxury Condo Boom
Downtown West Palm Beach is currently a hub for luxury pre-construction condominiums, with several notable projects underway. Notably, two of these developments are branded residences, a first for the city. These projects are attracting significant attention from buyers seeking upscale living in a burgeoning urban center.
Key Takeaways:
- West Palm Beach is experiencing substantial growth in luxury pre-construction condos.
- The city is being referred to as "Wall Street South" due to financial firm relocations.
- Two new developments are the first branded residences in West Palm Beach.
Current and Upcoming Condominium Projects
Several high-profile condominium projects are either under construction or in the pre-construction phase in downtown West Palm Beach:
- Forté on Flagler: Located across from the Intracoastal, this development offers 41 units and is expected to be delivered in 2025. Prices for remaining units start at $14,675,000.
- Alba Palm Beach: Situated on the direct Intracoastal waterfront, this project features 55 units and is slated for delivery in 2026. Prices range from $2,865,000 to over $12,000,000.
- South Flagler House: Also across from the Intracoastal, this development will comprise 108 units, with delivery anticipated in 2027. Prices span from $6,000,000 to $72,000,000.
- Ritz-Carlton Residences West Palm Beach: This project, located across from the Intracoastal, will offer 138 units and is planned for delivery in 2027. Pre-construction prices begin at $2,200,000.
- Shorecrest West Palm Beach: Another Intracoastal-facing development, Shorecrest will feature 140 units and is expected in 2027. Prices range from $950,000 to over $3,500,000.
- Olara Residences: This development, also across from the Intracoastal, will have 275 units and is scheduled for delivery in 2027. Prices are between $2,000,000 and over $7,400,000.
- Mr. C Residences West Palm Beach: Located two blocks from the Intracoastal, this project includes 57 resort residences, 89 tower residences, and 110 hotel rooms. Pre-construction prices range from $1,417,000 to $5,700,000, with delivery expected in 2027.
- The Berkeley Palm Beach: Situated on S. Australian Avenue, west of U.S. 1, this development will offer 193 units. Pre-construction prices range from $1,900,000 to over $9,500,000, with delivery planned for 2027.
These projects highlight a significant investment in the downtown area, signaling a period of substantial growth and transformation for West Palm Beach.