The Real Deal Miami

Related withdraws WPB condo plans

December 12, 2011 01:07PM

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Rendering of Related Group’s proposal for 4400 N. Flagler Drive
Hours before its 506-unit condominium project was slated to go before a city commissioner vote, the Related Group withdrew plans to develop 22- and 23-story buildings on North Flagler Drive in West Palm Beach. According to the Palm Beach Post, the developer pulled the project because community opposition would have made the development unfeasible.

While Related claimed to have many supporters, it believed it would have had to cut down the size of the project in order to appease a vocal opposition. Despite many revisions to the proposal at 4400 North Flagler Driver, Related does not believe the project could be profitable with fewer units.

The mayor and the chamber of commerce had expressed support for the project, despite concerns with its size, because of the much-needed jobs it would bring to the area. [Palm Beach Post]