Billionaire and Miami Dolphins owner Stephen M. Ross grabbed headlines this month as he broke ground on West Palm Beach’s South Flagler House and proposed a brand-new, two-tower condo community in the neighborhood. In what’s an emerging trend, developers across South Florida, including Ross’ Related Companies (not Related Group), are proposing condo towers in partnership with religious bodies to create communities with a deeper sense of belonging.

Further, with developers staying bullish on beachfront development sites due to consistent buyer demand, a pair of Canadian developers purchased a 1-acre lot that is pre-approved to build a condo-hotel in Pompano Beach. Read below to find details on these and more updates in our April 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach:

Broke Ground

• South Flagler House by Stephen Ross’ Related – West Palm Beach

Planned/Proposed

• Ocean Park Residences – Fort Lauderdale
• Related Cos. and Frisbie Group’s Two-Condo Project – West Palm Beach

Watchlist

• Canadian developers purchase 1-acre property for $9.5M – Pompano Beach
  
  

— Fort Lauderdale & Palm Beach Condo Pre-Construction Market: New Buildings Broke Ground

South Flagler House by Stephen Ross’ Related – West Palm Beach

Groundbreaking – April 2024 | Completion – Spring 2027

Owing to great buyer response after launching sales just last November, New York-based Related Cos. accelerated its construction schedule to break ground this April. Bringing a touch of New York to West Palm Beach, billionaire Stephen Ross’ Related Companies selected two prominent design studios to help develop the landmark project. Pembrooke & Ives will be handling interiors, while the award-winning Robert A.M. Stern Architects (RAMSA) will handle architecture.

Located at 1355 S. Flagler Drive along the Intracoastal, South Flagler House will rise as a pair of 28-story towers, with a total of 108 sprawling residences. Units will range from a very generous 2,000 square feet for a one-bedroom to over 13,000 square feet for a five-bedroom home.

Health and wellness-focused amenities will include a 25-meter lap pool, an ice plunge pool, a hot tub, a steam and sauna room, a fitness center, a Pilates studio, a yoga studio, a pickleball court, a golf simulator, and a sports lounge. Other amenities include a lounge with a catering kitchen, private dining rooms, a game room, a media room, a wine room, a salon, a children’s playroom and lounge, a butterfly garden, and a library. Several guest suites will also be available to host residents' friends and family.

Prices range from $5.9 million to $72.5 million, with a choice of one- to five-bedroom residences and penthouses.

— Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Planned/Proposed

Ocean Park Residences – Fort Lauderdale

Submitting a proposal to the City’s Development Review Committee, developer Integra Investments revealed its plans for the 1.26-acre site at 2828 to 2908 East Sunrise Blvd. Back in 2021, Integra had proposed building a 100-room hotel and a 55-room condo on the parcel, now it has changed its plans to a single, 14-story tower with 76 condos.

Switching plans to offer a more efficient structure with added amenities, the proposed project is designed by Coral Gables-based Nichols Architects. Units will range from 1,144 square feet for a one-bedroom to 2,067 square feet for a three-bedroom residence. A pickleball court and fitness facilities will sit atop the parking garage (in a separate building), and a rooftop pool deck will adorn the condo tower.

Just a few blocks from the beach, most residences would have views of Taylor Birch State Park to the north and up the coastline. The boutique condo's ground floor will further feature another fitness center and lounge.

Prices are expected to start under $2 million, with a choice of one- to three-bedroom residences. The developer hopes to launch sales later this year with a traditional rental policy for its units.

Related Cos. and Frisbie Group’s Two-Condo Project – West Palm Beach

Tapped to create “one of the most iconic church campuses in the country,” developer duo Related Cos. and Frisbie Group submitted plans for 1101 S. Flagler Dr. this April. The 9.6-acre campus is currently owned by the Family Church. New York-based Kohn Pedersen Fox Associates is the architect of choice for the redevelopment project.

The downtown West Palm Beach parcel would feature a 32-story tower and a 28-story tower, offering a total of 190 condos. Each tower would have water views and a maximum height similar to that of South Flagler House, which is also developed by New York’s Related Cos. 

Additionally, the lot would be home to a revamped and high-functioning church, a new early childhood education building, a K-8 school for the church’s academy, plus a new parking garage to serve both the condo building and the church. The project plans to strengthen the partnership between the church, home, and school to create a flourishing community in a quiet yet walkable neighborhood. 

Stephen Ross-led Related Cos. had also launched sales in February for its 26-story Shorecrest condos in West Palm Beach on a similar synagogue partnership model.

— Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Watchlist

Canadian Developers Purchase 1-acre Property for $9.5M – Pompano Beach

Photo credit: Google Maps

Canadian developers Efstathios Tsatas and Nicolas Tsatas purchased a key, 1-acre, beachside parcel for $9.5 million this April. The shovel-ready site at 330 Southeast First Street was previously approved to carry a 21-story condo-hotel with 240 units and over 4,000 square feet of commercial space, filed under the name Pure Residences. Since Efstathios Tsatas owns another 2.08-acre parcel directly north of this site, we will be keeping a close watch on plans.

This was all for our April 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach. Are you ready to buy or invest in new construction condos in or around Fort Lauderdale? Call, chat, or email us to have a local, pre-construction condo expert guide you to your desired property.

And if you love staying on top of pre-construction news in Fort Lauderdale and Palm Beach, subscribe to this blog or our YouTube channel for monthly updates!