LA CLARA Locks Down $110 Million In Construction Financing In West Palm Beach

Great Gulf and Terrace Mountain Investors have obtained $110 million in construction financing from Bank OZK for LA CLARA, a 25-story, 83 unit condo tower under construction in West Palm Beach. Sales have reportedly eclipsed 50% and over $100 million including an $8.9 million penthouse. LA CLARA is located on a 2.4-acre site at 1515 S Flagler Drive on the Intracoastal waterway which the development partnership acquired for $24 million in 2016. John Moriarty & Associates are the general contractor on the project.

LA CLARA offers 83 residences comprised of one-, two- and three-bedroom units ranging from 1,500 SF to more than 4,000 SF. Pricing starts at $2 million with sales and marketing being exclusively overseen by Douglas Elliman Development Marketing. The building is designed by Hariri Pontarini Architects with Stantec as the architect of record.

The structure’s façade will feature a contemporary Florida Modernist style with a muted neutral palette consisting of stucco, Roman travertine, coral stone and granite with bronze accents. The luxury condominium is designed to achieve LEED Certification by the U.S. Green Building Council. Amenities will include a state-of-the-art fitness center with yoga studio, spa, outdoor garden, dog spa, club lounge, theater, conference room, business center, wine tasting room with storage and a resort style pool.

Sales are being led by Chris Leavitt, Alison Newton and Joey Columbo of Douglas Elliman Development Marketing. The deposit schedule is 10% down at contract, an additional 10% six months later and an additional 5% the following year. The building is expected to be delivered in 2021.

For more information about La Clara, private showings or purchasing/ leasing information please fill out the form below:

The Harry Pontarini & Stantec-Designed Luxury Condo LA CLARA Breaks Ground In West Palm Beach

LA CLARA, West Palm Beach’s new luxury 25-story residential building by internationally award-wining Canadian real estate developer Great Gulf has broken ground. Stantec is the architect of record, working in partnership with design architect Hariri Pontarini Architects, for the waterfront development located at 1515 South Flagler Drive in West Palm Beach, Florida. Overlooking the Intracoastal Waterway, LA CLARA provides a new twist on Floridian Modernism with expansive private terraces, luxury finishes and unobstructed views. The building offers 83 residences comprised of one-, two- and three-bedroom units ranging from 1,500 SF to more than 4,000 SF.

“The goal of LA CLARA’s design is to maximize the views towards the Intracoastal and the Atlantic Ocean from every angle of the building,” said Jennifer Llop-Noy, project manager in Stantec’s Miami office. “We’ve accomplished this by staggering the floorplans, implementing a floor-to-ceiling glass envelope and creating exterior living areas for each unit.”

The structure’s façade will feature a contemporary Florida Modernist style with a muted neutral palette consisting of stucco, Roman travertine, coral stone and granite with bronze accents. The luxury condominium is designed to achieve LEED Certification by the U.S. Green Building Council. Amenities will include a state-of-the-art fitness center with yoga studio, spa, outdoor garden, dog spa, club lounge, theater, conference room, business center, wine tasting room with storage and a resort style pool.

Sales are being led by Chris Leavitt, Alison Newton and Joey Columbo of Douglas Elliman Development Marketing. Pricing ranges from $2 million to $5 million. The deposit schedule is 10% down at contract, an additional 10% six months later and an additional 5% the following year. The building is expected to be delivered in 2021.

For more information about La Clara, private showings or purchasing/ leasing information please fill out the form below:

Great Gulf Launches Plans For La Clara, West Palm Beach's Newest Luxury Condo

The Toronto-based developer Great Gulf has launched plans for La Clara, their 25-story luxury condo tower coming to West Palm Beach. La Clara will be located at 1515 South Flagler Drive and will feature 83-residences. Great Gulf, who acquired the site for $24 million in September 2016, expects to break ground in March 2019 and deliver the building in 2021. The building is being designed by Hariri Pontarini Architects.

Residences at La Clara will range from 1,500 SF to 4,000 SF with a selection of penthouse layouts. Each residence will also come with at least 2 parking spaces. Amenities will include a state-of-the-art fitness center with yoga studio, spa, outdoor garden, dog spa, club lounge, theater, conference room, business center, wine tasting room with storage and a resort style pool.

Sales are expected to launch in Q1 2019 and will be overseen by Chris Leavitt, Alison Newton and Joey Columbo of Douglas Elliman Development Marketing. Pricing will range from $2 million to $5 million. The deposit schedule will be 10% down at contract, an additional 10% six months later and an additional 5% the following year.

For more information about La Clara, private showings or purchasing/ leasing information please fill out the form below: