The Real Deal Miami

Developer of Azure opts for fewer but larger condos

Construction of the second phase of the Palm Beach Gardens development starts Wednesday
August 20, 2016 10:00AM

Rendering of Azure

Rendering of Azure

The developer of the two-building Azure condo in Palm Beach Gardens enlarged units in the second building to attract buyers relocating from big single-family homes. Tom Frankel, developer of Azure, told the Palm Beach Post the second phase of Azure initially was designed with 67 units, but he reduced the number to 55 units, each measuring about 5,000 square feet.

The first Azure building is nearing completion and nearly sold out: 45 of the 46 units have been pre-sold at prices from $900,000 to $3 million. Frankel said the first building will open for occupancy in October. Construction of the second Azure building is scheduled to start Wednesday. Frankel told the Post that 37 of the units in the second building have been pre-sold.  [Palm Beach Post] — Mike Seemuth