Alba Palm Beach Completed Along West Palm Beach's 'Billionaire's Corridor" Waterfront at 95% Sold

Alba Palm Beach has announced its completion at 95% sold, marking the delivery of the first new residential project along North Flagler within the city’s burgeoning Northwood neighborhood. With direct access to the Intracoastal Waterway, Alba Palm Beach arrives as a new wave of residential and commercial investment continues to reshape the area increasingly recognized as West Palm Beach’s “Billionaire’s Corridor.”

Developed by BGI Companies alongside Blue Road, constructed by Moss and with interiors by Spina O’Rourke + Partners, Alba Palm Beach begins at $2.5 million and comprises 55 boutique waterfront residences across a 22-story tower along the Intracoastal Waterway. The property offers a range of floor plans, from expansive waterfront residences to a limited collection of townhomes, a distinctive offering for new construction in West Palm Beach that has since completely sold out. Alba Palm Beach is also home to a Horizon Penthouse Collection, a limited series of six residences spanning floors 19 through 21 with 11-foot ceilings, private elevator access and sweeping views of the Intracoastal, Atlantic Ocean and Palm Beach Island.

“When I first looked at this stretch of waterfront six years ago, I believed West Palm Beach was on the verge of a major transformation,” said Kenneth Baboun, managing partner of BGI Companies and principal developer of Alba Palm Beach. “You could already see the momentum building, from new business and investment coming into the city to a growing demand for a higher level of luxury residential living. The response to Alba has reinforced what I saw early on, both in the future of Northwood and in the demand for a more boutique waterfront product tailored to how today’s luxury buyer wants to live. I’m incredibly proud of what Alba delivers to the market, what it represents for the continued growth of this corridor and now being able to welcome residents home.”

"West Palm Beach has become one of the most important luxury markets in the country, and Alba Palm Beach stands as a beacon of this city’s incredible transformation,” said Daniel de la Vega, President & CEO of ONE Sotheby’s International Realty. “The project represents the caliber of design, craftsmanship, and waterfront living that today’s buyers expect, and has set a new benchmark for high-end development in the region."

Alba Palm Beach offers more than 25,000 square feet of resort-caliber amenities, including a private dining room with temperature-controlled wine storage, a state-of-the-art fitness center with Technogym equipment and a Pilates reformer, sunrise and sunset pools, and onsite day docks along the Intracoastal. The development also integrates a series of exclusive partnerships designed to elevate the residential experience, including medical concierge services through Mount Sinai Health System and a one-year membership to the Palm Beach Yacht Club.

Inspired by the surrounding Intracoastal Waterway and Atlantic Ocean, the residences feature a soft, natural material palette and sculptural design elements complemented by turnkey furniture packages by Artefacto. “Our vision for Alba was to create interiors that felt both elegant and deeply connected to the surrounding waterfront,” said Tammy O’Rourke, principal and director of interior design at Spina O’Rourke + Partners. “The material palette and overall design language were intentionally shaped by the natural textures and tones of the Intracoastal and Atlantic.”

One Sotheby’s International Realty is the exclusive sales and marketing team for Alba Palm Beach. Alba Palm Beach is located at 4714 N. Flagler Dr. West Palm Beach, FL 33407

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Images via Alba Palm Beach

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Iconic Palm Beach Estate With 250' Of Oceanfront Hits The Market For $185 Million

An iconic property originally commissioned by Joanie and Murray Goodman in 1975 has been listed for $185 million with Illustrated Properties, offering a rare acquisition opportunity in Palm Beach. Representing one of the largest oceanfront parcels to become available, the estate encompasses 2.21 acres and 250 feet of private Atlantic Ocean frontage. The sprawling compound at 911 N. Ocean Blvd. was designed by architect Henry Harding and constructed by Rick Black.

“A property like this does not come around often, if at all,” said Marley Overman, daughter of Joanie and Murray Goodman and agent with Illustrated Properties. “My parents recognized the sheer potential of this location when they built here in 1975. This is an extraordinary opportunity for the next owner to acquire a rare piece of land with such vast potential, on the ocean, with the option to subdivide if they wish.”

The property’s primary value lies in its exceptional size and beachfront dominance. In a market known for intense competition for prime real estate, the availability of 2.21 acres with 250 feet of ocean frontage is virtually unparalleled. The property retains historic elements including a preserved Mizner seawall and stairs leading down to the beach along N. Ocean Blvd. The residence features a total of 23,956 square feet across all structures, featuring 12 bedrooms, 16 full bathrooms and 4 half bathrooms.The grounds feature a main house with a pool, a separate pool house, a tennis court and a detached guest house with its own pool.

Overman noted that while the main house has seen recent updates to the kitchen, master suite, living room and breakfast room, the ideal buyer is likely a "visionary ready to build new, or a steward of history" prepared to undertake an extensive renovation or new construction project.

“We would love the next owner to keep it for many generations and enjoy it like we did,” Overman added, emphasizing the family’s legacy on the island.

Images via Illustrated Properties

Berkadia Secures $57M Bridge Loan for Midtown Capital Partners’ Lake Worth Apartment Project

Berkadia has arranged a $57 million bridge loan to refinance the construction debt on Astor Sound at Lake Worth, a new 230-unit multifamily community in Palm Beach County that is nearing completion.

The financing team included Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, along with Vice President Patrick Johnson. The loan was secured on behalf of the sponsor, Midtown Capital Partners, a Miami-based real estate investment advisor, operator, and developer with a portfolio spanning the U.S. and Spain. Infinity Collective originated the two-year loan, which includes an option for a six-month extension. The transaction closed on September 19.

Located at 2201 Tenth Avenue North, Astor Sound is designed as a garden-style community with four residential buildings ranging from two to five stories, along with a clubhouse on a 6.5-acre site. The property offers one-, two-, and three-bedroom floor plans sized between 715 and 1,160 square feet. Units feature chef-inspired kitchens with center islands, quartz countertops, luxury flooring, front-loading smart washers and dryers, and oversized walk-in closets.

Community amenities include a resort-style pool with pavilion and summer kitchen, fitness center, co-working lounge, coffee bar, game room, conference room, dog park and spa, and outdoor trails. The development is located minutes from downtown Lake Worth, with convenient access to I-95, Palm Beach State College, HCA Florida JFK Medical Center, and Palm Beach International Airport.

Founded in 2010, Midtown Capital Partners is an SEC-registered, vertically integrated real estate firm with offices in Miami, West Palm Beach, and Madrid. The company oversees more than $1 billion in assets across 22 investment vehicles, representing over 200 investors.

Palm Beach Oceanfront Estate Hits the Market For $73 Million With 168' Of Ocean Frontage

Few homes in Palm Beach embody the effortless blend of timeless elegance and modern luxury quite like 2315 S Ocean Blvd, now on the market for $73 million with Nick Malinosky of The Exclusive Group at Douglas Elliman and Gary Pohrer of Serhant.

Set on nearly two acres with 168 feet of direct ocean frontage, this award-winning estate immediately makes a statement. Originally completed in 2010 and honored with the Elizabeth L. and John H. Schuler Award for outstanding new architecture, the residence was envisioned in a classic British Colonial style, with stately columns, broad verandas, and a spectacular two-story open-air atrium at its core. Every detail was designed to capture Palm Beach’s singular spirit: sun-soaked, sophisticated, and private.

Recently, the home underwent a transformative renovation that lightened the interiors, modernized the flow, and elevated every finish. The living spaces are now brighter and more welcoming, with a reimagined staircase and fireplace anchoring the main salon. A former ground-level bedroom has been opened into a family room off the kitchen, creating a more contemporary floorplan that balances formality with livability. Bathrooms and gathering spaces were also refreshed, ensuring the estate feels entirely turn-key for today’s discerning buyer.

The lifestyle it offers is equally compelling. Expansive loggias and balconies flow effortlessly into two resort-style swimming pools, one positioned directly on the beachfront and the other tucked beside the guest suite for ultimate privacy. The lower level rivals a private club, with a wine-tasting room, billiards lounge, home theater, gym, and spa/massage suite. Every corner of the property has been crafted to embrace both relaxation and entertaining at the very highest level.

Reintroduced to market at $73 million after previously being listed at $83.5 million, the estate stands as one of the most compelling offerings on the island today—combining architectural pedigree, thoughtful renovations, and an extraordinary setting. It captures not just a home, but the lifestyle that has made Palm Beach one of the world’s most coveted destinations.

Images via Daniel Petroni Photography

BD Hotels Breaks Ground on The Nora Hotel in West Palm Beach’s Nora District

The highly anticipated Nora District in West Palm Beach marked a significant milestone with the groundbreaking of The Nora Hotel, a new 201-key boutique hotel developed by BD Hotels, in collaboration with Sean MacPherson, NDT Development, Place Projects, and Wheelock Street Capital. This project represents BD Hotels’ first new construction hotel outside of New York City and is set to bring a unique blend of luxury and high-design to the area.

Richard Born of BD Hotels shared, “The Nora Hotel represents our vision of transforming West Palm Beach’s hospitality landscape with a bespoke experience that caters to today’s sophisticated travelers. We are thrilled to collaborate with the district's developers to make this a reality.”

BD Hotels, known for iconic New York properties such as The Greenwich and The Bowery, has teamed up with Wheelock Street Capital for the second time, following the successful relaunch of Hotel Chelsea in 2023. NDT Development and Place Projects are also key partners in this endeavor. “The Nora Hotel will serve as a cornerstone for the district,” said Ned Grace, Co-Founder of NDT Development. “It aligns seamlessly with our plan to position the district as a premier lifestyle destination, offering top-tier dining, retail, and wellness experiences.”

Joe Furst, Founder of Place Projects, expressed excitement about partnering with BD Hotels. “Their ability to tailor each hotel to its neighborhood while maintaining their signature style is unparalleled,” he noted.

The design of The Nora Hotel takes inspiration from Mediterranean and Spanish Colonial Revival styles, an homage to Addison Mizner’s architectural legacy in Palm Beach. New York-based Gachot Studios and architectural firm Stantec are behind the hotel’s interiors and structure, featuring arched walkways, rich hues, and intricate tilework. The property will also include a tranquil loggia and garden area for guests.

Highlighting the hotel’s dining scene, Stephen Starr’s STARR Restaurants will debut Pastis, a 13,300-square-foot Parisian-style brasserie with expansive indoor and outdoor seating. STARR Restaurants will also curate offerings for the hotel’s rooftop space, which will include a pool, two bars, private cabanas, and a restaurant. Additionally, in-room dining will be available, further enhancing the guest experience.

The Nora District itself is undergoing a transformation, with Phase I of the master plan underway since June 2023. Upon its early 2025 completion, the district will feature over 150,000 square feet of both adaptive reuse projects and new developments. Historic railway warehouses are being reimagined into vibrant retail spaces, celebrating art and local talent. Phase I will also introduce over 55,000 square feet of Class-A office space.

With its dynamic blend of dining, arts, and lifestyle offerings, Nora is poised to become a cultural and commercial hub in Downtown West Palm Beach. Confirmed retailers include Loco Taqueria & Oyster Bar, Van Leeuwen Ice Cream, Sana Skin Studio, and more, creating an inviting atmosphere for locals and visitors alike. The district’s master plan was developed in partnership with the City of West Palm Beach and urban planning firm PlusUrbia, aiming to revitalize the area with thoughtful, community-oriented design.

Iconic Luxury Hotels Debuts First U.S. Property with Palm House Hotel in Palm Beach

Iconic Luxury Hotels (ILH), renowned for its prestigious portfolio of historic and luxurious accommodations, will unveil its first U.S. property, the Palm House Hotel, set to open in Palm Beach this November. This marks ILH's entry into the American hospitality market, expanding its celebrated collection that includes the famed Excelsior Venice, Cliveden House, and Mayfair Townhouse.

Nestled in the heart of Palm Beach, just a stone's throw from the golden sands and the upscale boutiques of Worth Avenue, the Palm House Hotel embodies a Mizner-inspired design that pays homage to the region's architectural heritage. This new addition will be the eighth property in ILH's portfolio and the first on American soil.

After a meticulous three year renovation, the Palm House Hotel will feature 79 elegantly appointed rooms, including 21 luxurious suites, all designed to offer some of the most spacious accommodations on the island. Guests can enjoy floor-to-ceiling windows, arched doorways, and private terraces. Among the hotel's highlights are four expansive suites, including a grand Presidential Suite with a double-height living area that opens onto a balcony with panoramic views of the pool deck.

In addition to its lavish rooms and suites, the Palm House boasts a newly constructed ballroom complemented by a garden terrace and a poolside lawn, making it an exceptional venue for weddings, special events, and business meetings.

Andrew Stembridge, Executive Director of Iconic Luxury Hotels, commented, "The opening of Palm House Hotel represents a significant milestone for our brand as we extend our footprint into the U.S. market. We are thrilled to bring our distinctive blend of luxury and heritage to Palm Beach."

Founded in December 2016, Iconic Luxury Hotels is part of L+R Hotels, a global investment and management company with a portfolio exceeding 105 hotels and around 21,000 guestrooms. Each property in ILH’s collection is unique, yet they all share a dedication to delivering exceptional experiences. From Cliveden House in England to the Hotel Excelsior in Venice, ILH’s portfolio features some of the world’s most renowned hotels. The group also includes Chewton Glen, The Lygon Arms, 11 Cadogan Gardens, The Mayfair Townhouse, and The Chelsea Townhouse.

L+R Hotels, headquartered in London, has built a distinguished reputation through strategic investments and adaptability to market trends. The company manages a diverse portfolio of 23,519 rooms across the UK, Continental Europe, the U.S., and the Caribbean. This portfolio ranges from select service hotels to acclaimed five-star properties and luxurious resorts in exclusive destinations. L+R Hotels operates through four distinct groups: Iconic Luxury Hotels, Atlas Hotels, City Hotels, and Destination Hotels, each with its own unique character and focus.

With the introduction of the Palm House Hotel, Iconic Luxury Hotels is set to offer American travelers a taste of its renowned elegance and luxury, marking a new chapter in its storied history.

Aztec Group Facilitates $55.6 Million Financing for Arcadia Gardens in Palm Beach Gardens

Aztec Group, a prominent real estate investment and merchant banking firm serving Florida for four decades, has announced its successful arrangement of $55.6 million in bridge financing for Arcadia Gardens, located in Palm Beach Gardens, Florida. This luxury age-restricted rental apartment community, encompassing 220 units across 10.64 acres, represents a significant investment in senior living infrastructure.

Developed in 2021, Arcadia Gardens offers residents a premium living experience coupled with a comprehensive amenity package. The centerpiece is its 15,210-square-foot clubhouse, featuring a plethora of amenities such as a fitness center, salon, movie theatre, and various sports courts including pickleball, bocce, and croquet. The community also boasts a pool, spa, walking trail, community garden, and full onsite dining facilities, ensuring residents have access to everything they need for a fulfilling lifestyle.

Strategically located in Palm Beach Gardens, Arcadia Gardens offers residents the convenience of easy access to over 2.9 million square feet of retail space within a one-mile radius. The proximity to The Gardens Mall, a renowned upscale shopping destination, further enhances the appeal of this vibrant community.

The project is managed by affiliates of the United Group of Companies based in Troy, NY, and Sina Companies of Palm Beach Gardens, FL. The United Group of Companies brings over 50 years of industry expertise to the management of Arcadia Gardens, further ensuring the success and quality of the development.

The financing for Arcadia Gardens was secured through MetLife and provides favorable terms, including full-term interest-only and a 36-month term. Peter Mekras, President of Aztec Group, emphasized the meticulous selection process, stating, “Aztec sourced multiple proposals for the financing of Arcadia Gardens and worked with the sponsors to select the capital source that could move quickly and understood the unique attributes of this age-restricted community.”

Aztec Group's success in arranging nearly $200 million in bridge financing in the first five months of 2024 underscores its expertise and commitment to facilitating transformative real estate projects.

Todd Michael Glaser Sells Off-Market Commercial Building in Palm Beach For $3.9 Million

Palm Beach-based spec home developer Todd Michael Glaser has sold a commercial building in Palm Beach for $3.9 million. Located at 175 Bradley Pl., just four blocks north of The Royal Poinciana Plaza on Palm Beach Island, the 2,145 SF building was acquired by plastic surgeon Dr. Norman & Mia Rowe and traded for $1,181 PSF. The building was previously used as the headquarters for Todd Michael Glaser’s development firm. Stefano Santoro of Disruptive Real Estate represented the buyer and Fran Frisbie of The Corcoran Group represented the seller. The transaction represents one of eight retail trades on Palm Beach in the first four months of 2024; and of that eight, three were bought by the Breakers.

Todd Michael Glaser's 10 Tarpon Island, Palm Beach's Only Private Island, Goes Under Contract

Palm Beach’s infamous 10 Tarpon Isle, the only opportunity to live on your own private island in Palm Beach, has gone under contract. The home was listed for $187.5 million after initially listing for $218 million following its completion last year. The once in a lifetime legacy estate was developed by one of South Florida’s leading ultra-luxury spec home developers Todd Michael Glaser with his partners and features 360 degrees of water views and privacy. 10 Tarpon Isle was listed with Suzanne Frisbie of The Corcoran Group and Chris Leavitt of Douglas Elliman while the buyer is represented by Margit Brandt of Premeir Estate Properties.

The original 1930’s estate was completely redeveloped and now spans 28,618 total square feet of living space situated on the 2.2+ acre private island. 10 Tarpon Isle features 11 bedrooms and, 15 full bathrooms bathrooms and 7 powder rooms with a 5 car garage and guest house.

10 Tarpon Isle features the ultimate in luxury including a newly reimagined indoor spa features a massage room, hair salon, steam room, and sauna. There is also a beautiful library with a bar, wine refrigerator and humidor cigar display; a wine room; and an Entertainment Room with fireplace, wine refrigerator, billiards table, and movie lounge. The home fitness club quality gym features a weight room, cardio room, wet bar and fireplace.

Outdoors the estate’s extensive ground feature lush landscaping and resort style amenities with 360 degree water views. 10 Tarpon Isle features rare lighted clay tennis court with a viewing pavilion, an east facing pool, a loggia with full outdoor kitchen and fireplace as well the main 98' south facing pool with spa with pool bar and cold plunge. The island also features two separate boat docks to accommodate an array of vessels and sea toys.

Images via Todd Michael Glaser, Chris Angle Real Estate and Douglas Elliman

Luxury Waterfront Boutique Condo Alba Palm Beach Breaks Ground In West Palm Beach

BGI Companies and Blue Road Group have broken ground on Alba Palm Beach, a collection of 55 boutique luxury residences, including a limited collection of four unique two- and three-story townhomes, each with unobstructed views of the serene Intracoastal Waterway and their own private plunge pools. Alba Palm Beach has an expected completion in 2025 and is located at 4714 N. Flagler Drive in West Palm Beach.

Alba Palm Beach is currently 40% sold with buyers from the Northeast, Texas, Chicago, and the West Coast. Recently, Alba sold units for the highest price per square foot in the neighborhood at over $2,000 per square foot.

“It’s a monumental day, not only for myself and partners that brought this moment into reality, but also our residents who will call Alba home,” said Kenneth Baboun, principal developer. “Our vision for this rare piece of land and we believe it was the catalyst for the neighborhood’s healthy condo market we see today. We look forward to welcoming our owners home very soon.”

“Alba Palm Beach is truly an example of what a team effort can look like between a developer and the surrounding community,” said Cathleen Ward, District 1 Commissioner. From the start, Alba representatives wanted to make sure the residents knew what was being proposed, and the opportunities this world class development brings to the north end of our City. I’m looking forward to welcoming the new residents which will call this lovely piece of paradise home.”  

Alba’s residences are centered around its coveted waterfront location with every unit featuring graciously appointed layouts with floor-to-ceiling hurricane impact windows and sliding doors, oversized glass-framed terraces with summer kitchens to highlight the incredible panoramic views. There are a limited number of residences per floor, with private elevators and vestibules offering privacy and seclusion. Additional highlights of each residence includes Italian-designed kitchens by Italkraft, stainless steel appliances by SubZero® and Wolf®, and spa-like baths with designer fixtures and finishes.

Alba Palm Beach’s amenities only elevate its waterfront lifestyle for residents; from its day dock with slips available for residents to its sunrise and sunset pool decks and expansive water views from the Technogym® fitness room that includes a yoga studio and Pilates reformer. Spanning more than 25,000 square feet of total amenity space there will also be a state-of-the-art conference space with audio-visual functionality, several private workspaces, a multi-sport simulator room and theater, and an elegant private dining room with climate-controlled wine storage.

As a unique buyer’s gift, Alba Palm Beach owners receive an exclusive one-year complimentary membership to the Palm Beach Yacht Club allowing access to the prestigious club’s dining room and exceptional hospitality along with access to its global reciprocal clubs. Recently, Alba and Magellan Jets announced a partnership that gives owners access to exclusive usage and perks with its fleet of jets.

The development’s sleek and modern design is by West Palm Beach-based Spina O’Rourke + Partners. A free-form ground level with design accents that blend into the landscape welcomes residents, who will enjoy access to an elevated amenity deck, with unobstructed sunrise, sunset, and water views. There are a limited number of residences per floor, with private elevators and vestibules. Schmidt Nichols, an award-winning urban development firm specializing in site development and planning, and landscape architectural planning is the landscape architect for the development. Ortega Construction Company has been selected as the general contractor for the project.

Northwood in West Palm Beach is quickly becoming the city’s most sought-after neighborhood with an eclectic mix of dining, shopping, art galleries and more. This enclave is in proximity to pristine beaches, Worth Avenue, The Square, Atlantic Ocean boating, as well as a host of upscale culinary spots, theatrical performances, and more.

Renderings via Alba Palm Beach