Affiliated Development News Today

The city’s multifamily market has slowed from its frenetic pandemic pace. Is it a blip or a bust?

Rising demand for luxury housing in the North Palm Beach area led to the project’s development. Privately-owned development firm Catalfumo Companies has secured a $340 million construction loan for The Ritz-Carlton Residences in Palm Beach Gardens, Fla., from Madison Realty Capital.

The Spruce is the second public-private partnership between Affiliated Development and West Palm Beach. Affiliated Development and the city of West Palm Beach, Fla., are teaming up on a second public-private partnership.

The eight-story development will have 270 units and ground-floor retail.

The building will include a rooftop pool, a sports bar-themed “pub room”, co-work lounge, fitness center with spin-yoga studio, a pickleball court and a gated, off-leash dog park.

The city commission recently approved a workforce housing grant agreement between the city and developers Affiliated Development to build a large housing complex in Northwood Village.

The packed agenda covered several major Boynton Beach developments, including updates to the troubled Town Square project; Leisureville; schools.

A new eight-story apartment complex is planned for Boynton Beach as part of the city's effort to spark the downtown area by the Intracoastal Waterway.

Inventory is low in South Florida, but there are some units making their way to the market.

Palm Beach County’s shortage of affordable housing has started to affect the growth of its economy, to the point where its recent expansion is in jeopardy, speakers said at a housing summit last week.