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The Estate Companies plan, a 321-unit apartment building, Soleste Palm Station

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 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.

July 2023. The Real Deal.


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