West Palm Beach New Construction & Proposed Multifamily Projects
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West Palm Beach New Construction & Proposed Multifamily Projects 1Q19 28 78 ID PROPERTY UNITS 7 24 30 4 Town at Southern 392 29 Total Under Construction 392 7 North Flagler 225 12 Windsor Place 184 13 Golden Road 189 14 Water Tower Commons 360 15 Alta @ Cortina 324 16 Boynton Beach Town Square 705 Redevelopment 80 18 Riverwalk Plaza 326 24 Solera at City Centre 136 46 79 53 4 27 Uptown Boca 456 77 Total Planned 2,905 47 50 44 51 13 52 28 Latitude 263 41 48 29 Arcadia Gardens 220 45 43 49 30 Ellison Wilson Road & Shady Lane 70 42 41 2735 Nucare Lane 424 14 42 5024 State Road 7 157 12 43 8238 Lake Worth Road 362 44 Axis Wellington Green Phase II 140 16 45 Rubin Farms 284 46 Tuttle Royale 680 15 18 47 Village Professional Park 434 48 4280 Lakewood Road 96 49 4411 South Congress Avenue 360 59 50 Aviera Green 56 51 Channel Side 108 58 60 52 MID 230 53 South Dixie Highway 300 58 Agricultural Reserve 400 59 Banyan Cove 102 66 60 Terra Nova 212 62 Boca Dunes Golf and Country 446 27 Club 78 Lenox North Beach 250 68 66 BRIC Residential PMD 297 79 Banyan Ridge 228 68 Midtown Boca 649 80 Vista Parkway 692 62 77 Abidjan Estates 163 Total Prospective 7,623 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company West Palm Beach New Construction & Proposed Multifamily Projects 1Q19 ID PROPERTY UNITS 2 Azola West Palm 179 3 One West Palm 328 5 Oversea 251 31 6 Village at Mangonia Lake 240 Total Under Construction 998 34 8 Carefree Theater Redevelopment 97 6 9 One West Palm 348 10 Reflection Bay 680 11 Transit Village 420 25 Haverhill 270 Total Planned 1,815 31 Arts on Broadway 52 36 40 32 1422 / 1600 / 1614 North 3 Congress 200 10 33 1500 Centrepark Blvd 246 9 5 25 34 23rd Street & Ponce De Leon 38 Avenue 2,300 11 35 City Place Redevelopment 300 37 35 2 32 39 8 33 36 CityPlace 375 37 Clear Lake Estates 352 38 Clematis Place 162 39 District Flats 178 40 Loftin Place Phase II 200 Total Prospective 4,365 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company West Palm Beach New Construction & Proposed Multifamily Projects 1Q19 54 ID PROPERTY UNITS 1 Cade Boca Raton 90 Total Lease Up 90 56 17 Ocean One 231 19 17 19 Villages at East Ocean Avenue, The 371 57 55 20 1690 - 2350 South Congress Avenue 636 21 Aura Boca Colonnade 322 22 Boca Villa Phase II 55 23 Monarch Boca Raton 384 26 Atlantic Crossing 261 Total Planned 2,260 54 Water Tower Commons Phase II 348 81 26 55 Ocean One Phase II 127 82 56 Quantum Lake Villas West 104 57 Villages at East Ocean Avenue - 61 South Parcel, The 50 61 Village Square Phase III 142 20 63 5201 Residential 284 64 5300 and 5400 Broken Sound Blvd 297 22 65 Amtec Residential Center 304 67 65 67 Florida Crystals Residential at 1 69 Broken Sound 178 63 21 69 Ocean Breeze 200 64 70 200 South Federal 220 71 Camino Square 350 74 72 Fairfield at Pompano Beach, The 327 73 Florida Atlantic University 360 73 72 74 Grove, The 144 75 75 Mizner Park Amphitheater 400 Redevelopment 70 23 76 76 Ocean Palm 70 71 81 AltaWest 195 82 Village at the Park 152 Total Prospective 4,252 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company West Palm Beach New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Cade Boca Raton 950 Broken Sound Pkwy NW Boca Raton FL 33487 Lease-Up 90 Boca Raton-west 12/01/2017 04/30/2019 06/06/2018 Total Lease-Up 90 2 Azola West Palm 8230 Okeechobee Blvd West Palm Beach FL 33411 Under Construction 179 West Palm Beach 03/01/2018 01/31/2020 3 One West Palm 550 North Quadrille Blvd West Palm Beach FL 33401 Under Construction 328 West Palm Beach 01/31/2019 01/31/2020 Royal Palm 4 Town at Southern 11020 TOWN CIRCLE Beach FL 33414 Under Construction 392 Royal Palm Beach 12/31/2017 12/31/2019 5 Oversea 200 2nd Street West Palm Beach FL 33401 Under Construction 251 West Palm Beach 04/26/2018 09/30/2019 6 Village at Mangonia Lake 2101 North Australian Avenue West Palm Beach FL 33407 Under Construction 240 West Palm Beach 03/05/2018 05/31/2019 Total Under Construction 1,390 Palm Beach 7 North Flagler 3801 Design Center Drive Gardens FL 33410 Planned 225 North Palm Beach 8 Carefree Theater Redevelopment 2000 South Dixie Hwy West Palm Beach FL 33401 Planned 97 West Palm Beach 9 One West Palm 550 Banyan Blvd West Palm Beach FL 33401 Planned 348 West Palm Beach 10 Reflection Bay Century Blvd & Haverhill Road West Palm Beach FL 33417 Planned 680 West Palm Beach 11 Transit Village 150 Clearwater Drive West Palm Beach FL 33401 Planned 420 West Palm Beach 12 Windsor Place NWC Hypoluxo Road & Lyons Road Lake Worth FL 33467 Planned 184 Royal Palm Beach 13 Golden Road 2253 Keast Lane Lake Worth FL 33461 Planned 189 Palm Springs 14 Water Tower Commons 1199 West Lantana Road Lantana FL 33462 Planned 360 Atlantis Old Boynton Road & Renaissance 15 Alta @ Cortina Commons Blvd North Boynton Beach FL 33426 Planned 324 Boynton Beach 16 Boynton Beach Town Square Redevelopment 4975 Park Ridge Blvd Boynton Beach FL 33426 Planned 705 Boynton Beach 17 Ocean One 114 North Federal Hwy Boynton Beach FL 33435 Planned 231 Boynton Beach 18 Riverwalk Plaza 1620 South Federal Hwy Boynton Beach FL 33435 Planned 326 Boynton Beach 19 Villages at East Ocean Avenue, The NE 3rd Street & East Ocean Avenue Boynton Beach FL 33435 Planned 371 Boynton Beach 20 1690 - 2350 South Congress Avenue 1690 South Congress Avenue Delray Beach FL 33445 Planned 636 Delray Beach 21 Aura Boca Colonnade 789 West Yamato Road Boca Raton FL 33431 Planned 322 Boca Raton-west 22 Boca Villa Phase II 100 West Hidden Valley Blvd Boca Raton FL 33487 Planned 55 Boca Raton-west 23 Monarch Boca Raton 200 SE Mizner Blvd Boca Raton FL 33432 Planned 384 Boca Raton-east Palm Beach 24 Solera at City Centre Ellison Wilson Road & PGA Blvd Gardens FL 33408 Planned 136 North Palm Beach 25 Haverhill 2460 North Haverhill Road West Palm Beach FL 33417 Planned 270 West Palm Beach Source: Yardi Matrix West Palm Beach New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 26 Atlantic Crossing 777 East Atlantic Avenue Delray Beach FL 33483 Planned 261 Boynton Beach 27 Uptown Boca 9774 Glades Road Boca Raton FL 33428 Planned 456 Sandelfoot Cove Total Planned 6,980 Palm Beach 28 Latitude 12450 Central Blvd Gardens FL 33418 Prospective 263 Jupiter Palm Beach 29 Arcadia Gardens 3650 Rca Blvd Gardens FL 33410 Prospective 220 North Palm Beach Palm Beach 30 Ellison Wilson Road & Shady Lane Ellison Wilson Road & Shady Lane Gardens FL 33408 Prospective 70 North Palm Beach 31 Arts on Broadway 2823 Broadway Avenue West Palm Beach FL 33407 Prospective 52 Palm Beach Shores 32 1422 / 1600 / 1614 North Congress 1614 North Congress Avenue West Palm Beach FL 33409 Prospective 200 West Palm Beach 33 1500 Centrepark Blvd 1500 Centrepark Blvd West Palm Beach FL 33401 Prospective 246 West Palm Beach 34 23rd Street & Ponce De Leon Avenue 23rd Street & Ponce De Leon Avenue West Palm Beach FL 33407 Prospective 2,300 West Palm Beach 35 City Place Redevelopment 700 South Rosemary Avenue West Palm Beach FL 33401 Prospective 300 West Palm Beach 36 CityPlace 680 North Rosemary Avenue West Palm Beach FL 33401 Prospective 375 West Palm Beach 37 Clear Lake Estates 719 Executive Center Drive West Palm Beach FL 33401 Prospective 352 West Palm Beach 38 Clematis Place 530 Clematis Street West Palm Beach FL 33401 Prospective 162 West Palm Beach 39 District Flats 1630 Clare Avenue West Palm Beach FL 33401 Prospective 178 West Palm Beach 40 Loftin Place Phase II 805 North Olive Avenue West Palm Beach FL 33401 Prospective 200 West Palm Beach 41 2735 Nucare Lane 2735 Nucare Lane Wellington FL 33414 Prospective 424 Royal Palm Beach 42 5024 State Road 7 5024 South State Road 7 Lake Worth FL 33449 Prospective 157 Royal Palm Beach 43 8238 Lake Worth Road 8238 Lake Worth Road Lake Worth FL 33467 Prospective 362 Royal Palm Beach 44 Axis Wellington Green Phase II 3409 Pomerol Drive Wellington FL 33414 Prospective 140 Royal Palm Beach 45 Rubin Farms 8450 Lake Worth Road Lake Worth FL 33467 Prospective 284 Royal Palm Beach Royal Palm 46 Tuttle Royale State Route 7 & US Route 441 Beach FL 33411 Prospective 680 Royal Palm Beach 47 Village Professional Park 1381 South State Road 7 Wellington FL 33414 Prospective 434 Royal Palm Beach 48 4280 Lakewood Road 4280 Lakewood Road Lake Worth FL 33461 Prospective 96 Palm Springs 49 4411 South Congress Avenue 4411 South Congress Avenue Lake Worth FL 33461 Prospective 360 Palm Springs 50 Aviera Green 2081 Haverhill Road West Palm Beach FL 33415 Prospective 56 Palm Springs 51 Channel Side Canal 10 Road & South Military Trail West Palm Beach FL 33415 Prospective 108 Palm Springs Source: Yardi Matrix West Palm Beach New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 52 MID 1601 North Dixie Hwy Lake Worth FL 33460 Prospective 230 Palm Springs 53 South Dixie Highway 3111 South Dixie Hwy West Palm Beach FL 33405 Prospective 300 Palm Springs 54 Water Tower Commons Phase II 1199 West Lantana Road Lantana FL 33462 Prospective 348 Atlantis 55 Ocean One Phase II 114 North Federal Hwy Boynton Beach FL 33435 Prospective 127 Boynton