As Miami's Multifamily Market Moderates, New Challenges Emerge – Commercial Observer
The city’s multifamily market has slowed from its frenetic pandemic pace. Is it a blip or a bust?
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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.