West Palm Beach approves luxury condo project

Construction of 24-story, 42-unit tower will begin later this year

Miami /
Mar.March 12, 2019 05:00 PM

Rendering of Forte in West Palm Beach 

Two Roads Development and Alpha Blue Ventures scored approval for a luxury condo project in West Palm Beach.

The West Palm Beach City Commission OK’d Forté, a 42-unit waterfront condo building planned for 1309 South Flagler Drive, on Monday night, according to a release. Construction is expected to begin later this year and be completed within two years of groundbreaking.

The 24-story tower, designed by Bernardo Fort-Brescia of Arquitectonica, will feature a sculpture garden and art walk, library, wine storage, grand lobby and great room, pool, spas, two dedicated house cars for residents’ use, a theater and a fitness center.

Rendering of Forte in West Palm Beach

Units will average 4,200 square feet and there will be two units on each floor. The building will also have a two-story penthouse with a rooftop infinity pool. Sales are expected to launch in July, with prices ranging from $3.8 million to $7.5 million.

In Miami, Two Roads Development built Biscayne Beach and is developing Elysee Miami, both luxury condo towers in the city’s Edgewater neighborhood. The West Palm Beach-based firm closed on a $138 million construction loan from JPMorgan Chase for Elysee in August.

Alpha Blue Ventures, a joint venture between founder Marius Fortelni and managing partner Scott Maslin, specializes in “unique high-quality real estate projects” in New York and southeast Florida.

Few new condo towers have been built recently in West Palm Beach. Developer Al Adelson is nearly done with construction of the 25-story condo building at 1112 South Flagler Drive.


Related Articles

arrow_forward_ios
Clockwise from top left: 375 South County Road, 225 Worth Avenue, 220 Peruvian Avenue and 219 Worth Avenue (Google Maps) 
Burton Handelsman sells Palm Beach retail, offices for $58M
Burton Handelsman sells Palm Beach retail, offices for $58M
Brickell dev site hits market, broker expects it to fetch more than $25M
Brickell dev site hits market, broker expects it to fetch more than $25M
Brickell dev site hits market, broker expects it to fetch more than $25M
From left: Ronald Fieldstone, Scott Meyer, Carlos Rodriguez Jr., Logan Gans, Stevan Pardo and Jaime Sturgis (Twitter, iStock/Illustration by Alexis Manrodt for The Real Deal)
Opportunity Zone investors pour in ahead of key deadlines
Opportunity Zone investors pour in ahead of key deadlines
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
An aerial of 307 Melody Lane in Lantana (Colliers)
Multifamily portfolio in Palm Beach County hits market for $12M
Multifamily portfolio in Palm Beach County hits market for $12M
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
The Bristol at 1100 South Flagler Drive, West Palm Beach (Bristol, TV Guide)
Annenberg publishing heir sells condo at The Bristol in WPB for $8M
Annenberg publishing heir sells condo at The Bristol in WPB for $8M
2001 and 2007 Palm Beach Lakes Boulevard (Google Maps)
Investor continues buying spree, snags West Palm Beach office buildings for $7M
Investor continues buying spree, snags West Palm Beach office buildings for $7M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...