Related proposes 46-unit waterfront condo building in West Palm

Related Group wants to build a 46-unit waterfront condo building in West Palm Beach, as the Miami-based developer continues to expand northward.

Related, led by Jorge Pérez and his sons, Jon Paul and Nick, submitted a proposal for the project at 4906 North Flagler Drive to the city of West Palm Beach. The plans, including a requested rezoning of the site, were reviewed by the Plans & Plats Review Committee on Thursday. Members of the committee offered their feedback on the project, which will next be reviewed by the city’s planning board in September.

A spokesperson for Related Group declined to comment on the proposal.

An affiliate of the developer bought the 1.5-acre site in July of last year for $16 million. It was previously the longtime home of Wolf Von Falkenburg, the widower of Standard Oil heiress Anne Terry Pierce McBride. McBride maintained a real estate portfolio that stretched across Palm Beach, which Von Falkenburg has been managing since her death in 2005. 

Related Group has several projects in the works throughout South Florida, including the proposed Ritz-Carlton Residences, West Palm Beach at 1717 North Flagler Drive in West Palm Beach. It bought the 0.7-acre development site for $4.4 million in 2021, records show. 

Other planned residential projects in West Palm Beach include billionaire Jeff Green’s 2121 North Flagler Drive. Green’s project includes two 30-story buildings with a total of 321 condos on the 4.5-acre site.

New York City-based Savanna launched sales of its planned 26-story condominium Olara at 1919 North Flagler Drive in West Palm in January. The waterfront project will have 275 units.

The Estate Companies plans a 321-unit apartment building called Soleste Palm Station at 410 and 510-560 North Rosemary Avenue in West Palm. The South Miami-based developer bought the site for $15.8 million in 2021. 

Elsewhere in South Florida, Related Group is moving forward with some projects, and leaving others in the dust. 

This month, Related abandoned office plans in Miami Beach and sold its Terminal Island development site for $77 million to Dallas-based Lincoln Property Company. 

In Fort Lauderdale, Related Group and its partners, Sergio Rok, and Jimmy and Kenny Tate, won a rezoning and approval in June for their $1 billion redevelopment of the Bahia Mar resort. 

Also that month, Related and BH Group got approval from Riviera Beach for a 99-year ground lease for their proposed pair of 20-story buildings with 424 residential units in Marina Village.