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Florida Healthy Living Magazine
UPDATE
March 03.2025
2 Minutes Read

New 35-Story Condo Planned on Historic Huizenga Site in West Palm Beach

West Palm Beach condo development towering over urban plaza.

Exciting Plans for a Waterfront Condo in West Palm Beach

A new condo development is set to transform a prime waterfront location in West Palm Beach. Integra, a Miami-based developer, is proposing a stunning 35-story condominium, which will rise on a segment of the Rybovich Marina site, formerly owned by the late billionaire H. Wayne Huizenga. The proposal includes 179 luxury units and approximately 20,000 square feet of commercial space, set against the backdrop of the Intracoastal Waterway at 4200 N. Flagler Drive.

Upcoming City Review: What to Expect

The city of West Palm Beach is scheduled to review Integra's detailed plans on March 13. The proposal comes during a bustling period of condo development, appealing to the growing influx of affluent residents seeking modern living spaces. Besides residential units, the project's first phase promises to include a waterfront walkway, enhancing public access to the marina area and providing a scenic pedestrian route along the water.

A Collaboration with a Legacy

This development isn’t just about new high-rise living; it represents a continued collaboration between Integra and the Huizenga family, who have previously partnered on projects like the Williams Island Marina in Aventura. The involvement of Kahn Pedersen Fox, renowned for its work on Hudson Yards in New York, further elevates this project, promising an architectural design that will attract and intrigue potential residents and visitors alike.

Impact on West Palm Beach’s Housing Market

As wealthier buyers flock to West Palm Beach, the demand for contemporary condominiums has surged. Many buyers opt for new developments instead of older properties in Palm Beach due to limited availability and stringent zoning laws that restrict large builds. This condo proposal is a direct response to this real estate boom, aiming to fulfill the demand for luxury waterfront living.

Future Developments and Community Plans

Looking ahead, the complete plan for the Rybovich Marina site includes more than just residential units. Integra's ambition is to create a vibrant waterfront district that integrates public spaces, retail options, and recreational areas. This initiative could redefine the neighborhood, making it not only a residential hub but a lively commercial center, drawing both local residents and tourists.

Join the Conversation

As this project develops, it’ll be essential for Florida homeowners and the broader community to stay informed about the changes that will shape the future of West Palm Beach. Engaging in discussions about real estate trends, community needs, and urban development can lead to a more informed and proactive local populace. Interested parties should participate in the review process and voice their opinions on the potential impact this development could have on their community.

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07.29.2025

Unlocking Edgewater's Potential: Live Local Act Approval Sparks Development

Update Edgewater's Future: A New Chapter for Miami's Skyline The recent approval of the Live Local Act for an Edgewater site marks a significant turning point in Miami’s real estate development landscape. The partnership of Amit Kort and Ofir Gabriel, operating under the name Tulip Developments Group, is poised to transform a modest assemblage of 0.8 acres into a soaring 47-story residential tower. This project promises not just to add height to the skyline but also to cater to the community's pressing need for affordable housing. Understanding the Live Local Act Under Florida's Live Local Act, a crucial incentive for developers, projects can be constructed with higher density than what current zoning laws typically permit. By dedicating 40% of units for households earning up to 120% of the area median income (AMI), the act plays a pivotal role in addressing workforce housing shortages. With Miami-Dade County's AMI for a one-person household set at around $86,800, developers like Tulip ensure these vital housing options are within reach for more residents. Economic Benefits and Community Impact The approval of this project is not just about luxury high-rises; it's also about revitalizing areas that need it most. Located in an Opportunity Zone, this site allows investors to enjoy tax benefits while uplifting potentially underdeveloped neighborhoods. The Live Local Act approval, combined with transit zone bonuses, enhances the project's viability and its capacity to accommodate the diverse needs of the Miami population. A Vision Driven by Local Needs Designed by prominent Miami architect Kobi Karp, the development isn’t solely focused on market-rate units. With plans for 296 market-rate apartments, 203 workforce housing units, and retail opportunities on the ground floor, the project is set to foster a vibrant community-centric atmosphere. This mix of high-density living and local commerce aims to ensure that residents have access to essential services right by their homes. Conclusion: What's Next for Buyers? As Miami continues to evolve, the need for balanced and inclusive development becomes ever more urgent. This new project by Tulip is not only a response to that need but also a model for future undertakings in the city. Florida homeowners and potential buyers in the area should stay informed about these developments, as the changing landscape may open opportunities for more affordable housing options in the near future.

07.29.2025

Crow Holdings Acquires 376-Unit Apartment in Davie for $97.5 Million

Update Rising Interest in South Florida RentalsThe multifamily investment sector in South Florida is witnessing a resurgence, particularly highlighted by the recent acquisition of the 376-unit 33 West apartment complex in Davie. Purchased by Crow Holdings for $97.5 million, this deal, valued at approximately $259,000 per unit, indicates a renewed confidence in the region's rental markets after a downturn precipitated by rising interest rates.A Closer Look at 33 WestCompleted in 2013, the 33 West complex features a mix of one-bedroom to three-bedroom units, with rents ranging from $2,105 to $2,767 per month. Its appeal stems from its size and amenities, situated on a spacious 15.5-acre site, making it attractive for a variety of residents in today's competitive rental market.Market Dynamics ShiftThe landscape for multifamily investments has changed significantly since the pandemic’s peak rental demand. During 2021, Broward County reported an impressive $5.3 billion in multifamily investment sales. However, due to elevated interest rates and a cooling influx of new residents, sales figures have dropped to a projected $1.2 billion in 2023. Deals like the Crow Holdings purchase suggest that while the market cools, there remain robust opportunities for serious investors.Cash is King Amid Higher RatesThe trend of all-cash deals has grown as buyers like Crow Holdings aim to sidestep hefty interest payments. Unlike many recent purchases that involve financing, Crow Holdings did not record a mortgage for its 33 West acquisition, potentially indicating a strategic move towards liquidity amidst rising rates. This trend may shape the future landscape of multifamily housing investments in South Florida.Given these market dynamics, it’s essential for Florida homeowners and potential investors to remain informed about the fluctuations in the rental market and consider strategic opportunities. Engaging with local real estate experts and staying aware of current investment trends can equip homeowners with the necessary insights to navigate these evolving circumstances.

07.28.2025

Ockap Caviar Restaurant and Financial Shift: A New Era for South Beach

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