The Cameron Estates, a 548-unit apartment community in West Palm Beach developed by billionaire Jeff Greene, has begun leasing units on the eve of its opening.
The rental community began with a $6.8 million property purchase in 2011, when a company titled Aaron Drive Holdings picked up 21.5 acres of undeveloped land under a mile away from the Palm Beach Outlets shopping mall.
Plans to develop the Cameron Estates were approved by city commissioners in late 2012, according to an article published that year from the Palm Beach Post, and notices of commencement for construction work were filed in 2014.
Aaron Drive Holdings financed the development with a $60 million mortgage from Bank of America, which was issued in March of last year, according to county property records.
Now, the rental community is nearing completion. Its apartments are being delivered in phases, with the first 174 available for move-in this month, the company said. The rest will be ready by the end of the year. The Altman Companies, a real estate company that specializes in multi-family developments, will manage the community.
Prices start at $1,289 a month for a one-bedroom, one-bathroom unit and range up to $2,199 per month three-bedroom, two-bathroom townhome. Sizes range from 744 square feet to 1,610 square feet.
Cameron’s amenities include a clubhouse, fitness center, toddler learning center, dog park, and a pool.