The Real Deal Miami

Owner may replace West Palm office center with apartments

Time Equities may redevelop the Prospect Place office center in West Palm Beach as a low-rise apartment complex
January 20, 2018 01:50PM

Rendering of apartment complex that would replace the Prospect Place office center at 3111 South Dixie Highway in West Palm Beach (Credit: Palm Beach Post)

The owner of an office center in West Palm Beach plans to convert the property to a low-rise apartment complex. Time Equities plans to build six buildings with 300 apartments on the site of Prospect Place, the company’s office center at 3111 South Dixie Highway in West Palm Beach. The planned apartments would be spread across three three-story buildings and three five-story buildings. The apartment buildings would have a combined total of 17,000 square feet of ground-floor retail space.

In 2015, Time Equities planned to build five 15-story condominium buildings on the site of Prospect Place. But the planned condo development drew opposition, and Time Equities halted work on the project last year before West Palm Beach city commissioners could consider whether to approve or reject it. If the city approves the low-rise apartment development that Time Equities is planning, the two-year construction phase of the project could start by late 2018. [West Palm Beach] – Mike Seemuth