As the Miami-based developer continues to expand north, the Related Group hopes to build a 46-unit beachfront apartment building in West Palm Beach.
Related firms, led by Jorge Pérez and his sons Jon Paul and Nick, submitted proposals for the project to 4906 North Flagler Drive, West Palm Beach. proposal. The plans were reviewed by the Planning and Floor Plans Review Board on Thursday, which included a call for rezoning of the site. Committee members provided feedback on the project, which will be reviewed by the city’s Planning Commission in September.
A spokesman for the relevant group declined to comment on the proposal.
An affiliate of the developer bought the 1.5-acre site last July for $16 million. It was previously the long-term home of Wolf von Valkenburg, widower of Standard Oil heiress Anne Terry Pierce McBride. McBride owns a real estate portfolio spanning Palm Beach that von Valkenburg has managed since his death in 2005.
Related Group has several projects underway in South Florida, including the proposed Ritz-Carlton Residences in West Palm Beach at 1717 N Flagler Drive, West Palm Beach. The company purchased the 0.7-acre development site in 2021 for $4.4 million, records show.
Other planned residential projects in West Palm Beach include billionaire Jeff Green’s 2121 North Flagler Avenue. Green’s project includes two 30-story buildings on 4.5 acres with 321 apartments.
New York City-based Savanna began selling Olara, a planned 26-story condominium at 1919 North Flagler Avenue in West Palm Island, in January. The waterfront project will have 275 units.
The real estate company plans to build 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 purchased the lot in 2021 for $15.8 million.
Elsewhere in South Florida, the Related Group is moving forward with some projects while leaving others behind.
This month, Related dropped plans for an office in Miami Beach and sold its Terminal Island development site to Dallas-based Lincoln Realty for $77 million.
In Fort Lauderdale, the Related Group and its partners Sergio Rok, Jimmy Tate and Kenny Tate won rezoning and approval in June to redevelop the Bahia Mar resort for $1 billion.
That same month, Related and BH Group received approval from Riviera Beach to build two 20-story, 424-unit buildings on a 99-year lease in Marina Village.
