West Palm Beach multifamily project advances

Hyperion Group and Winter Properties are developing the project

Miami /
Dec.December 17, 2020 09:45 AM
Hyperion Group CEO Rob Vecsler and 350 South Australian Avenue (Google Maps, M18 PR)

Hyperion Group CEO Rob Vecsler and 350 South Australian Avenue (Google Maps, M18 PR)

A pair of New York developers are moving forward with plans for a 17-story, 425-unit multifamily project in West Palm Beach.

Hyperion Group and partner Winter Properties plan to build the tower at 350 South Australia Avenue. Last week, the West Palm Beach Downtown Action Committee approved design changes and setback variances for the project, with conditions that the developers work with city staffers on some design elements and a proposed public space at the development.

The developers expect to break ground in July, according to a spokeswoman. The company still needs to go through the permitting process.

The development will include 278,000 square feet of residential space, with studios and units up to three bedrooms, she said. It will feature a 20,000-square-foot pool deck and 7,000 square feet of retail.

The West Palm Beach project is the first of a series of developments the partners are planning. Hyperion is led by Rob Vecsler.

Other proposed multifamily projects in Palm Beach County include a mixed-use development with about 600 residential units on the site of Office Depot’s former Delray Beach headquarters, and a 348-unit project between Lake Worth Beach and Wellington.





    Related Articles

    arrow_forward_ios
    Related Group's Jorge Pérez and Jon Paul Pérez; rendering of the Gallery at Marti Park project (CMA Architects, Related Group, Getty)
    Jorge Pérez’s Related wants to build apartments in Miami’s Little Havana
    Jorge Pérez’s Related wants to build apartments in Miami’s Little Havana
    Brand Atlantic Real Estate Partners managing partners Andrew Dance and Adam Demark, and renderings of the two buildings at 300 Banyan Boulevard and 111 Olive Avenue (Brand Atlantic Real Estate, Getty)
    JV scores $87M construction loan for West Palm Beach office projects
    JV scores $87M construction loan for West Palm Beach office projects
    Domenic Gatto and Banyan Cay Resort and Club (Linkedin, Banyan Cay, Illustration by The Real Deal with Getty)
    Developers of troubled West Palm resort project facing $61M foreclosure
    Developers of troubled West Palm resort project facing $61M foreclosure
    Related chairman and CEO Jorge Pérez in front of 4906 North Flagler Drive (Related, Getty Images, Zillow)
    Standard Oil heiress’ widower sells waterfront West Palm Beach estate to Related Group for $16M
    Standard Oil heiress’ widower sells waterfront West Palm Beach estate to Related Group for $16M
    From left: One Flagler in West Palm Beach, 830 Brickell in Brickell, and Eighteen Sunset in Miami Beach (Getty, Related Southeast, LoopNet, Koniver Stern Group)
    Spurred by new-to-market firms, South Florida office rents hit record highs
    Spurred by new-to-market firms, South Florida office rents hit record highs
    Related’s Jorge Pérez and Jon Paul Pérez with 1785 Northeast Fourth Street (Related Group, Google Maps)
    Related pays $48M for affordable senior housing complex in Boynton Beach
    Related pays $48M for affordable senior housing complex in Boynton Beach
    Rendering of the Olara development by New York-based Savanna in West Palm Beach with Savanna's Chris Schlank (Arquitectonica, Illustration by The Real Deal)
    Olara is latest residential high-rise development planned in West Palm Beach
    Olara is latest residential high-rise development planned in West Palm Beach
    Extra Space Storage's Joseph Margolis with 401 N Military Trl and 2300 N Military Trl (Loopnet, Extra Space Storage)
    Double scoop: Extra Space Storage drops $29M for two West Palm Beach complexes
    Double scoop: Extra Space Storage drops $29M for two West Palm Beach complexes
    arrow_forward_ios

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

    Loading...