The Real Deal Miami

Related looks to revive plans for West Palm Beach condos

September 06, 2011 01:37PM

The Related Companies’ plans to construct a 150-unit luxury waterfront condominium at 4400 North Flagler Drive in West Palm Beach, the Palm Beach Post reported, with the Stephen Ross-led company now proposing a project three times larger than what was proposed five years ago.
The development, which was delayed by economic difficulties, would include two towers, at 4308 North Flagler and 4416 North Flagler, reaching 22 and 23 stories respectively. It would feature 506 units, priced from the low $200,000s to just under $1 million.
“It seems like the recovery wave is starting south and north in South Florida,” Related spokesman Steve Patterson told the Post. “We’re planning to start a new condo tower in Hollywood early next year, and obviously we are believers in the market.” [Palm Beach Post]