Terra, a prominent real estate development company in Miami’s Coconut Grove, and Sympatico Real Estate, a Palm Beach-based firm owned by the Morrison family, announced today the closing of a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach. The financing, provided by TYKO Capital, represents a pivotal milestone as the project, which just broke ground, commences construction at 70% sold. Aztec Group represented the borrowers in the construction loan deal. Douglas Elliman and Douglas Elliman Development Marketing exclusively handle sales and marketing for the building.
“Our lender recognizes the prime opportunity in West Palm Beach and the potential for continued growth in demand,” said David Martin, CEO of Terra. “Breaking ground on Mr. C Hotel & Residences marks a new era of quality and convenience in downtown. With walkable access to excellent retail and dining, the property offers a turnkey lifestyle defined by curated design, elevated service, and effortless sophistication that no other project in West Palm Beach has. We look forward to completing this project next year.”
Once complete, Mr. C Hotel & Residences West Palm Beach will feature 110 hotel suites, 146 expansive branded residences, and a highly personalized lifestyle through elevated services tailored to residents’ individual needs. Designed by the renowned architecture firm Arquitectonica and the award-winning design studio Meyer Davis, the homes are a modern interpretation of classic European living. Interiors feel both relaxed and refined, drawing inspiration from the iconic glamour of the Italian Riviera in the 1950s, as well as the local sailing culture and the vibrant energy of West Palm Beach. Thoughtful layouts create a sense of openness; the units’ expansive windows frame sweeping views of the Intracoastal Waterway and city skyline. Each home boasts refined finishes, premium materials, and subtle design elements that reflect a sense of ease and intentionality. Select residences feature spacious corner exposures and generous outdoor terraces.
“We’re excited to watch this project come to fruition alongside our partners at Terra. The financing and groundbreaking brings us one step closer to delivering Mr. C’s unmatched residential lifestyle in downtown West Palm Beach,” said Tommy Morrison, President at Sympatico Real Estate.
Amenities at Mr. C Hotel & Residences West Palm Beach bring Mr C’s signature hospitality into every corner of the building. Residents will enjoy a garden-level lap pool with private cabanas, a poolside bar and lounge area, a fully equipped fitness center with dedicated rooms for yoga, pilates, and Peloton workouts, and a signature spa with steam and sauna rooms. Additional features include a library, business lounge, Little C’s Outdoor Playground, high-speed private elevators, curated art installations throughout shared spaces, and access to the custom Mr. C Hotel & Residences app for streamlined communication and service requests. A private members' lounge offers an intimate setting for relaxing or gathering with neighbors, further enhancing the sense of community and exclusivity that defines the Mr. C lifestyle.
“As a brokerage that specializes in representing the region’s most compelling properties, we are proud to be aligned with a project as thoughtfully executed as Mr. C Hotel & Residences West Palm Beach,” said Jay Parker, CEO of Douglas Elliman Florida. “From its elevated aesthetic to its connection with a globally respected brand, this development offers something truly distinct in today’s market. The combination of design, service, and location has already resonated strongly with buyers, and we expect that momentum to continue as construction progresses.”
Mr. C Hotel & Residences West Palm Beach offers a highly personalized lifestyle through an array of elevated services tailored to residents’ individual needs. A professional hospitality team is available to coordinate everything from housekeeping, pet care, and appointment scheduling to in-home dining, package handling, and travel support. Upon arrival, residents are welcomed through a private porte-cochère with round-the-clock valet and front desk assistance. A wellness-focused concierge arranges services such as personal training, spa treatments, nutrition guidance, and beauty appointments. For social gatherings, residents can access event planning support and food and beverage coordination.
Mr. C Hotel & Residences was founded by Ignazio and Maggio Cipriani, the fourth generation of the Cipriani family, known for shaping some of the most iconic hospitality experiences in the world. Since launching the first Mr. C Hotel in Beverly Hills in 2011, the brand has expanded to New York, Miami, and Dubai, each property offering a modern take on classic European elegance. Mr. C Hotel & Residences West Palm Beach is the latest iteration of that evolution, representing the brand’s newest residential address and its first in Palm Beach County.
“Every Mr. C property is an expression of our way of life, with warmth, attention to detail, and a relaxed sense of sophistication,” said Ignazio Cipriani, Co-Owner of Mr. C Hotels. “Bringing that sensibility to West Palm Beach is something we are truly proud of. This project reflects the way our family approaches hospitality, where design, service, and atmosphere come together with intention. The hotel and residences will offer a lifestyle that is elevated yet comfortable, grounded in tradition and built for how people live today.”
Renderings via Binyan Studio
For more information about Mr. C Hotel & Residences Coconut Grove or to inquire about purchasing a unit please fill out the form below: