What to know about Palm Beach’s new condo development

May 25, 2021 0 Comments

On Wednesday, the Palm Beach County Commission voted to approve a $8 million condo development that includes luxury condominiums for more than 40 residents.

Palm Beach has been a destination for luxury housing for decades, with some of its biggest projects including the Ritz-Carlton, the $2 billion Palisades, the Palms Mansion and the $1.2 billion West Palm Beach condo development.

The new development would add more than 3,000 units to the county’s condo market, a significant increase from the existing 20-unit community of 3,500.

The project would be built by the Miami-based Palm Beach Properties and would include three luxury condos at the Gateway to Palm Beach.

The first unit would be located at the end of a long, narrow pedestrian walkway that runs along the banks of the Palisade, and would be designed by the architecture firm M.C.

Bevis.

The second unit would have three bedrooms and two bathrooms, and the third would have a two-bedroom, three-bathroom apartment.

Residents would be able to choose between the two units.

The first two units will be affordable, with a $100,000 deposit for the first and $250,000 for the second.

Residents will pay $250 a month for the third unit.

The units would be priced from $2.7 million to $2 million.

A spokesman for the developer, Coral Group, said in a statement that the development would be a “first of its kind.”

“It’s a unique, premium-quality condo for the area, with an emphasis on luxury amenities such as marble floors, expansive landscaping, and state-of-the-art technology,” the company said.

The developer, which is the first of its type in the region, would not disclose the total number of units in the development, but the Palm Beaches Daily News reports that there are at least 20 apartments in the project.

The development will be the first for a condo in Palm Beach Gardens since a major condominium project was approved in 2009, but this project is the biggest yet.

It is also the first development in Palm Beachers district to be constructed entirely in new condominium units, and one of only three to include high-end amenities like marble floors.

The other two developments were for $2-million to $1 million units, according to the Daily News.

The Gateway to Palms project, which was originally envisioned as a three-story condo, will include five luxury units for up to 400 people.

The project will include a pool, spa, rooftop deck, indoor/outdoor gym, tennis court and spa facilities.

The development will also include a community room, meeting rooms, a fitness center and the Palm House, a community gathering space.

The Palm Beach Villas at Gateway to Flamingo project, designed by Miami-Dade-based firm Wanda, will feature two luxury condo units, as well as an apartment building, office space, and a hotel.

The Villas are expected to be completed in 2019.

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