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.
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.