Blue Road and Ilia Development Group's The William Residences Hits 35% Sold in North Miami Beach Participating in EB-5 Program

The William, a 26-story residential tower in North Miami Beach developed by Blue Road and Ilia Development Group, with sales and marketing led by Fortune Development Sales, has achieved 35% sold since launching sales in late Q3 2025. Situated at 2040 NE 163rd Street, the project continues to gain traction for its new construction offering, lifestyle-driven amenities, central location and international appeal.

The William, a 374-unit, 26-story residential tower in North Miami Beach developed by Blue Road and Ilia Development Group, with sales and marketing led by Fortune Development Sales, has achieved 35% sold since launching sales in late Q3 2025. Situated at 2040 NE 163rd Street, the project continues to gain traction for its new construction offering, lifestyle-driven amenities, central location and international appeal.

The sales progress comes as buyers and investors are becoming more intentional about where they commit capital, looking for markets where connectivity, livability and relative value can support long-term appreciation. As limited availability and rising prices continue to define Miami’s most established neighborhoods, attention is shifting toward North Miami Beach, an area that has evolved into a coveted lifestyle destination.

“This milestone confirms what we believed from the beginning: buyers are ready to look at North Miami Beach differently,” said Jorge Savloff, founder and CEO of Blue Road. “The city has the access, lifestyle and momentum people are seeking, and The William is helping define what this next chapter can look like. Reaching 35% sold shows that buyers recognize the opportunity to be part of that growth early.”

The project spans a broad buyer base, from domestic purchasers seeking a more approachable path into Miami to international investors, particularly from Latin America, drawn to its EB-5 investment opportunity. Residences are priced starting in the mid $400,000s, providing a rare entry point into a new development elevated by world-class design.

“The William’s momentum stands out at a time when condo buyers are being highly selective,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The interest we are seeing from Colombia, Argentina and Mexico speaks to the continued strength of international demand for Miami, particularly when buyers see a compelling investment opportunity in properties that offer new construction, excellent connectivity, and strong long-term growth potential.”

Residences at The William range from studios to three-bedroom floor plans spanning 552 to 1,412 square feet, with sweeping balconies and floor-to-ceiling windows that bring light, views and outdoor living into the everyday experience. Interiors offer imported porcelain flooring throughout, setting a refined foundation for daily living. Kitchens bring together form and function with custom Italkraft cabinetry in a warm tobacco walnut finish, accented by tinted glass doors, brushed black chrome fixtures by Hansgrohe, quartz countertops with seamless backsplashes, and a fully integrated suite of Bosch appliances. Bathrooms echo this attention to detail with contemporary Italkraft cabinetry, quartz surfaces, porcelain tile walls and flooring, and Hansgrohe fixtures.

More than 40,000 square feet of amenities across the tower are designed around everyday living. Offerings include a resort-style pool and sun deck, fitness and wellness facilities, spa treatment rooms, outdoor dining and lounge areas, co-working and café spaces, a children’s playroom and playground, and rooftop gathering areas featuring a pickleball court, courtside lounge and sweeping views of Biscayne Bay and the Atlantic Ocean.

Architecture is led by internationally renowned Carlos Ott in collaboration with Behar Font & Partners, with interiors by Miami-based Urban Robot. Together, the design team brings a high-caliber residential vision to North Miami Beach, pairing a striking louvered façade with warm, contemporary interiors and shared spaces.

Positioned between I-95 and the Atlantic Ocean, The William places residents at the center of it all. Aventura Mall and Bal Harbour Shops, Oleta River State Park, golf courses, marinas, and world-class healthcare are minutes away, while access to I-95, SR-826, two international airports, and the Brightline Aventura station ensure effortless regional and global travel.

The William’s sales gallery is located at 16251 West Dixie Hwy, North Miami Beach.

Renderings via The William Residences / Blue Road

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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.”

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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Blue Road and Ilia Development Group Reveal New Renderings of The William Residences in North Miami Beach

Blue Road and Ilia Development Group have revealed new renderings for The William Residences, a new luxury condominium development in North Miami Beach. The visuals offer a glimpse into the project’s social amenity spaces, part of a 40,000-square-foot interconnected lifestyle program spanning the ninth floor and rooftop.

Blue Road and Ilia Development Group have revealed new renderings for The William Residences, a new luxury condominium development in North Miami Beach. The visuals offer a glimpse into the project’s social amenity spaces, part of a 40,000-square-foot interconnected lifestyle program spanning the ninth floor and rooftop. Conceived by Miami-based Urban Robot, the interiors of the 26-story tower blend sculptural lighting, layered textures, curved forms, warm wood ceilings and lush greenery, all seamlessly connected to outdoor environments. From sunset-facing lounges to garden-framed firepit terraces, each space is designed to feel immersive and intimate.

The newly revealed spaces reflect The William’s approach to design-forward, lifestyle-driven living including a fitness studio with outdoor training and recovery zones; a rooftop Coral Lounge and indoor bar; landscaped firepit lounges with hammock seating; a children’s playroom; and a poolside outdoor bar and social terrace.

Situated at 2040 NE 163rd Street, The William brings to the market 374 residences amid 26 stories. Designed as more than a place to live, it creates a community that blends design, lifestyle, and long-term value, appealing not only to local buyers but also to international investors through its planned EB-5 opportunities, offering both a home in South Florida and a potential pathway to U.S. residency. Residences are priced from the high $300,000s, with sales and marketing exclusively represented by Fortune Development Sales.

Residences at The William are available in studio- to three-bedroom floor plans ranging from 552 to 1412 square feet, with expansive balconies framed by glass railings and floor-to-ceiling windows that maximize natural light and views. Interiors offer imported porcelain flooring throughout, setting a refined foundation for daily living. Kitchens bring together form and function with custom Italkraft cabinetry in a warm tobacco walnut finish, accented by tinted glass doors, brushed black chrome fixtures by Hansgrohe, quartz countertops with seamless backsplashes, and a fully integrated suite of Bosch appliances. Bathrooms echo this attention to detail with contemporary Italkraft cabinetry, quartz surfaces, porcelain tile walls and flooring, and Hansgrohe fixtures.

An expansive array of amenities span more than 40,000 square feet, creating a destination as much as a home. On the ninth floor, residents can enjoy lifestyle experiences focused on wellness, connection, and leisure. This includes a resort-style pool and sun deck, alfresco dining stations with BBQ/summer kitchens, an outdoor bar and terrace lounge with firepits, a state-of-the-art fitness center and yoga studio, an outdoor training and recovery zone, locker rooms, and private spa treatment rooms. The floor also offers a co-working lounge with a terrace and library, an indoor café station, and a self-serve market, while families benefit from an interactive children’s playroom and outdoor playground.

Rising to the rooftop, residents are greeted with sweeping views of Biscayne Bay and the Atlantic Ocean. Distinctive spaces for recreation and gathering include a pickleball court and courtside lounge with a game room, hammock grove, sunset terrace, summer kitchen, and the Coral Lounge, a reservable bar and event space for private celebrations. Four-legged companions are also part of the lifestyle, with a dedicated rooftop pet run and grooming station.

Conveniences will make daily life seamless, including high-speed WiFi, a smart package locker system, seven levels of secure parking with EV charging stations, and a professionally staffed reception with 24-hour concierge and security.

Architecture by internationally renowned Carlos Ott, in collaboration with Behar Font & Partners, gives The William its striking louvered façade. The design is complemented by lush landscaping that evokes a sense of tranquility and renewal, softening the tower’s contemporary lines. Interiors are envisioned by Miami-based Urban Robot, whose multidisciplinary team is known for narrative-driven design that balances form, function, and human connection. Together, the design teams created residences and shared spaces that merge artistry with livability and a modern aesthetic that feels both refined and welcoming.

Perfectly positioned between the I-95 and the Atlantic Ocean, The William places residents at the center of it all. Aventura Mall and Bal Harbour Shops, Oleta River State Park, golf courses, marinas, and world-class healthcare are minutes away, while access to I-95, SR-826, two international airports, and the Brightline Aventura station ensure effortless regional and global travel.

The William’s sales gallery is located at 16251 West Dixie Hwy, North Miami Beach.

Renderings via The William Residences / Blue Road

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Fortune International Group and Blue Road Reveal New Renderings of Townhomes at Nexo Residences in North Miami Beach

Nexo Residences in North Miami Beach, has unveiled new renderings of its townhomes collection, offering a closer look at a residential experience that blends the space and comfort of a single-family home with the flexibility of a short-term rental community.

Nexo Residences in North Miami Beach, has unveiled new renderings of its townhomes collection, offering a closer look at a residential experience that blends the space and comfort of a single-family home with the flexibility of a short-term rental community. In a market where rising insurance premiums, maintenance costs and property management demands are reshaping buyer priorities, townhomes within a full-service residential building present a lower-maintenance alternative, designed for families, end users and investors seeking more room without sacrificing amenities and lock-and-leave flexibility.

Developed by Fortune International Group in partnership with Blue Road, the townhomes offer seasonal rental flexibility of three months or more, up to three times per year, creating an attractive opportunity for home sharing. Each residence is fully furnished, move-in ready and equipped with enhanced digital features such as keyless entry for added convenience and security.

Nexo Residences’ turnkey townhomes feature expansive two-story layouts, private terraces with summer kitchens and dramatic 15-foot first-floor windows, with pricing starting at $1.23 million. Floor plans include three- and four-bedroom residences ranging from 1,547 to 2,094 interior square feet, all situated at ground level along Highland Drive within the building’s podium.

Residents also enjoy full access to Nexo Residences’ resort-style amenities, including a two-story arrival lobby and lounge, tech hub with café and coworking spaces, fitness center with yoga studio and virtual trainer, a luxury pool deck with spa and summer kitchen, rooftop observatory deck, children’s playground, clubroom, private event spaces and a pet-friendly environment.

The 16-story short-term rental condominium in the rapidly evolving city of North Miami Beach is over 90% sold and on schedule for completion in 2026. With exclusive sales and marketing by Fortune Development Sales, Nexo Residences’ 254 units will be delivered fully furnished. Priced from $599,000s, studio to three-bedroom floorplans, along with a collection of three and four-bedroom townhomes range from 531 to 2,438 interior square feet.

Nexo Residences has garnered considerable interest from buyers who are drawn to the property’s convenient location and rental capabilities, an appealing feature for those seeking the freedom to use their space on their own terms. A dedicated on-site management team further supports owners by handling guest check-ins, check-outs, and housekeeping services during their absence.

Adding to the appeal is the project’s EB-5 Program. To comply, international investors must invest $1,050,000 in Nexo’s EB-5 Program and follow the required process under the United States Citizenship and Immigration Services (USCIS) for eligibility to receive a green card, officially known as a permanent resident status. A limited number of spots remain available.

Each turnkey residence features floor-to-ceiling windows, porcelain flooring, built-in-bedroom closets, dedicated lockable owners’ closets, and expansive balconies with glass railing. European-style kitchens are outfitted with quartz countertops and matte black fixtures for a modern look.

Enhanced digital features, such as smart key access, a self-service package system, and Wi-Fi throughout the common areas, provide ease for owners and guests. Additional tech-driven management systems to further elevate the transient experience will also be introduced in the future.

Blending the necessities of remote work life with inspiration from South Florida as a year-round vacation destination, Nexo Residences’ suite of amenities includes a three-story arrival lobby and lounge with a café; a two-story tech hub with coworking spaces; a luxury pool deck and jacuzzi; three fully equipped summer kitchens; a fitness center with a yoga studio and virtual trainer; and a rooftop observatory deck with unobstructed views to the south. Entertainment offerings include an outdoor children’s playground, a multi-purpose clubroom and private event area, and an outdoor movie theater. The property will also be pet friendly.

The project’s design was envisioned by Carlos Ott and realized by the project’s architect, Frankel Benayoun Architects Inc. Its common areas, residence interiors, and landscaping are curated by Urban Robot, the local, full-service design collective behind some of the city’s leading hotels and retail concepts, including W Hotel South Beach, the Gucci Flagship in Miami’s Design District, and Oasis Wynwood.

Nexo, meaning “nexus” in Spanish, is the brand’s ethos as a central point that links two or more things. Located at 13899 Biscayne Blvd., Nexo Residences is near a plethora of business and leisure offerings in Miami, Bal Harbour, Aventura, North Bay Village, Sunny Isles, Hollywood Beach, and beyond. The property is set along the main thoroughfare of Biscayne Boulevard, minutes from the Intracoastal, and is nearly equidistant to Miami International Airport and Fort Lauderdale-Hollywood International Airport, as well as being four miles away from the Brightline Aventura station.

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Alba Palm Beach Reveals Exclusive Partnership With Miami-based Acclaimed Gourmet Cheese and Wine Shop Chèvre

Alba Palm Beach, the only new luxury waterfront residential development in West Palm Beach with delivery scheduled for Spring 2026, has revealed an exclusive residential partnership with Miami-based wine and cheese shop, Chèvre, celebrated for its gourmet creations, curated cheeses, specialty pantry goods and boutique wines from small producers.

Alba Palm Beach, the only new luxury waterfront residential development in West Palm Beach with delivery scheduled for Spring 2026, has revealed an exclusive residential partnership with Miami-based wine and cheese shop, Chèvre, celebrated for its gourmet creations, curated cheeses, specialty pantry goods and boutique wines from small producers. Chèvre’s boutique within Alba Palm Beach will mark the brand’s first resident-only location.

Nestled within the first floor of Alba Palm Beach, residents will have exclusive access to Chèvre’s gourmet market, spanning approximately 1,000 square feet, featuring artisanal cheeses, charcuterie, specialty pantry goods, curated wines, caviar, gourmet coffee and limited-edition seasonal items chosen exclusively for the property. Residents will also enjoy personalized pairing guidance, private tastings, curated gifting options and the ability to order tailored boat provisions for a day on the water. Additional services include in-home catering or private dining room experiences, as well as market run fulfillment.

Alba Palm Beach is located at 4714 N. Flagler Drive in West Palm Beach and is being developed by BGI Companies and Blue Road Group. When complete the luxury boutique condo will feature 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.

“At Alba Palm Beach, we’ve always envisioned a lifestyle that goes beyond luxurious residences. One that anticipates and enhances every aspect of our residents’ daily lives," said Kenneth Baboun, principal developer of Alba Palm Beach. "Partnering with Chèvre allows us to elevate that experience even further, offering an exclusive, curated culinary destination just steps from our residents’ doors. This collaboration embodies the sophistication, attention to detail, and unparalleled exclusivity that define Alba, creating a lifestyle that is as refined as it is effortless."

“We’re honored to bring Chèvre’s vision to Alba Palm Beach,” said Mario Naar, founder of Chèvre and culinary entrepreneur expanding Chèvre's brand with concepts like The Sipping Station at Brightline and a presence in St. Barths, focusing on curated luxury food experiences. “Our approach has always been about pairing quality with discovery, introducing people to exceptional cheeses, wines, and ingredients that elevate everyday life. Alba embodies that same spirit of refinement, and we’re excited to create something truly special for its residents.”

Owners within Alba’s newly released Lower Penthouse Collection starting at 6.95 million will receive enhanced access to Chèvre’s programming, including invitation-only previews and exclusive product offerings available only to this tier of ownership. Spread across floors 19 through 21 featuring six residences, each home offers unmatched privacy, 11-foot ceilings, expansive indoor-outdoor living, and panoramic views of the Intracoastal, Atlantic Ocean, and Palm Beach Island. With only two residences per floor, each Lower Penthouse provides private elevator access, two dedicated parking spaces, and triple exposure capturing both sunrise and sunset.

With only 55 total residences, Alba Palm Beach offers an intimate boutique lifestyle complemented by 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 private day docks on the Intracoastal.

Alba Palm Beach became the first boutique luxury residential development in Palm Beach County to partner with New York’s Mount Sinai Health System and their newly opened Concierge Medicine practice in West Palm Beach as well as 24/7 urgent care through Sollis. Mount Sinai New York-Concierge Care is a membership-based boutique health care practice, offering patients 24/7 access to their primary care physician and access to top specialists locally and in New York. Additionally, to fully embrace the West Palm Beach lifestyle, residents will receive a one-year Palm Beach Yacht Club Membership, offering privileged entry to one of the city’s most exclusive social and maritime communities.

Alba Palm Beach is designed by West Palm Beach-based Spina O’Rourke + Partners. 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 is the general contractor for the project.

Alba Palm Beach’s sales gallery and showroom is located at 250 North Olive Avenue in downtown West Palm Beach.

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Images via Alba Palm Beach

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Fortune International Group and Blue Road Top Off Nexo Residences

Fortune International Group and Blue Road have officially topped off Nexo Residences, marking a significant construction milestone for the 16-story short-term rental condominium in the rapidly evolving city of North Miami Beach.

Fortune International Group and Blue Road have officially topped off Nexo Residences, marking a significant construction milestone for the 16-story short-term rental condominium in the rapidly evolving city of North Miami Beach. Designed for modern ownership and flexible use, the project continues to gain strong market traction, reaching 90% in sales to date and on schedule for completion in 2026.

“We’re proud to celebrate the topping off of Nexo Residences, an achievement that reflects the strength of the project and the enthusiasm it’s generating among buyers worldwide,” said Edgardo Defortuna, CEO of Fortune International Group. “With buyers from more than 25 countries, Nexo is fulfilling its vision of offering something for everyone—combining flexibility, design, and service in a way that resonates globally, underscoring Fortune’s commitment to creating enduring developments defined by thoughtful innovation and attention to detail.”

With exclusive sales and marketing by Fortune Development Sales, Nexo Residences’ 254 units will be delivered fully furnished. Priced from $599,000s, studio to three-bedroom floorplans, along with a collection of three and four-bedroom townhomes range from 531 to 2,438 interior square feet.

Nexo Residences has garnered considerable interest from buyers who are drawn to the property’s convenient location and rental capabilities, an appealing feature for those seeking the freedom to use their space on their own terms. A dedicated on-site management team further supports owners by handling guest check-ins, check-outs, and housekeeping services during their absence.

Adding to the appeal is the project’s EB-5 Program. To comply, international investors must invest $1,050,000 in Nexo’s EB-5 Program and follow the required process under the United States Citizenship and Immigration Services (USCIS) for eligibility to receive a green card, officially known as a permanent resident status. A limited number of spots remain available.

Each turnkey residence features floor-to-ceiling windows, porcelain flooring, built-in-bedroom closets, dedicated lockable owners’ closets, and expansive balconies with glass railing. European-style kitchens are outfitted with quartz countertops and matte black fixtures for a modern look.

Enhanced digital features, such as smart key access, a self-service package system, and Wi-Fi throughout the common areas, provide ease for owners and guests. Additional tech-driven management systems to further elevate the transient experience will also be introduced in the future.

Blending the necessities of remote work life with inspiration from South Florida as a year-round vacation destination, Nexo Residences’ suite of amenities includes a three-story arrival lobby and lounge with a café; a two-story tech hub with coworking spaces; a luxury pool deck and jacuzzi; three fully equipped summer kitchens; a fitness center with a yoga studio and virtual trainer; and a rooftop observatory deck with unobstructed views to the south. Entertainment offerings include an outdoor children’s playground, a multi-purpose clubroom and private event area, and an outdoor movie theater. The property will also be pet friendly.

“Nexo is thoughtfully designed as a playground for all ages, with amenities that speak to families, leisure seekers, and professionals alike,” said Jorge Savloff, CEO of Blue Road. “From state-of-the-art coworking spaces to flexible living options, it reflects the needs of today’s dynamic, hybrid lifestyles. What truly sets the project apart is its location in North Miami Beach—a growing destination that offers the best of South Florida living, with proximity to Bal Harbour Shops, Aventura Mall, world-class beaches, and an overall sense of balance that appeals to both visitors and full-time residents.”

The project’s design was envisioned by Carlos Ott and realized by the project’s architect, Frankel Benayoun Architects Inc. Its common areas, residence interiors, and landscaping are curated by Urban Robot, the local, full-service design collective behind some of the city’s leading hotels and retail concepts, including W Hotel South Beach, the Gucci Flagship in Miami’s Design District, and Oasis Wynwood.

Nexo, meaning “nexus” in Spanish, is the brand’s ethos as a central point that links two or more things. Located at 13899 Biscayne Blvd., Nexo Residences is near a plethora of business and leisure offerings in Miami, Bal Harbour, Aventura, North Bay Village, Sunny Isles, Hollywood Beach, and beyond. The property is set along the main thoroughfare of Biscayne Boulevard, minutes from the Intracoastal, and is nearly equidistant to Miami International Airport and Fort Lauderdale-Hollywood International Airport, as well as being four miles away from the Brightline Aventura station.

For more information about Nexo Residences or to inquire about purchasing a unit please fill out the form below:

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Waterfront Townhome At Alba Palm Beach Sells For $10.66 Million In West Palm Beach

In a remarkable transaction that underscores the desirability of waterfront luxury real estate, Alba Palm Beach has officially sold its final premier townhome for an impressive $10,660,000. This landmark sale marks a significant milestone for the exclusive development, renowned for being the only condominium offering waterfront townhomes in West Palm Beach.

In a remarkable transaction that underscores the desirability of waterfront luxury real estate, Alba Palm Beach has officially sold its final premier townhome for an impressive $10,660,000. This landmark sale marks a significant milestone for the exclusive development, renowned for being the only luxury condo community offering Intracoastal waterfront townhomes in West Palm Beach. The sale was overseen by Meredith Beebe of ONE Sotheby's International Realty. The Alba Palm Beach development is scheduled for completion in early 2026. Alba Palm Beach is located at 4714 N. Flagler Drive in West Palm Beach and is being developed by BGI Companies and Blue Road Group.

The sold property, known as “Townhome C,” boasts an expansive 6,304 square feet of living space thoughtfully distributed across three levels. Homeowners can enjoy four bedrooms, five bathrooms, and two powder rooms, while each level features a private terrace, enhancing the outdoor living experience. A standout feature of the townhome is its outdoor area, which includes a substantial 1,833 square feet of space dedicated to relaxation and entertainment, highlighted by a private fifth-floor rooftop plunge pool and a summer kitchen. Additionally, the listing comes with a coveted day dock boat slip, making it an ideal choice for boating enthusiasts.

As West Palm Beach's sole new luxury residences directly on the waterway, Alba Palm Beach features an impressive blend of indoor and outdoor living spaces that take full advantage of its picturesque location. The development includes just 55 boutique residences, with prices starting below $3 million. Buyers can choose from a range of two- and three-bedroom floor plans, as well as unique two- and three-story townhomes that offer stunning water views, private plunge pools, and expansive multi-floor terraces.

Residences at Alba Palm Beach are equipped with high-end finishes, including Italian-designed indoor and outdoor kitchens by Italkraft, state-of-the-art stainless steel appliances by SubZero® and Wolf®, and floor-to-ceiling hurricane impact windows. Buyers have the option of a turnkey experience through a furniture package curated by the acclaimed luxury brand Artefacto.

Residents of Alba Palm Beach will also enjoy an array of bespoke onsite amenities, including sunrise and sunset pools with private cabanas, art and relaxation gardens, and a state-of-the-art Technogym featuring breathtaking water views. For wellness enthusiasts, the luxurious spa offers a comprehensive experience, with his-and-her saunas, steam rooms, and cold showers. Additionally, a private dining room is available for exclusive Chef-led dining experiences, complemented by personal climate-controlled wine storage.

The highly regarded Spina O’Rourke + Partners designed the development to exemplify the harmonious blend of nature and luxury. The aesthetic appeal of the townhomes is reflected in their flowing designs and bright interiors that embody the serene ambiance of South Florida living.

Beyond its opulent interiors, Alba Palm Beach provides residents with privileged access to some of the area’s finest amenities, including exclusive memberships to the esteemed Palm Beach Yacht Club and the prestigious Mount Sinai Health System’s Concierge Medicine.

Located just moments away from West Palm Beach’s vibrant lifestyle destination, NORA, and its bustling downtown filled with fine dining, shopping, arts, and culture, Alba Palm Beach offers a uniquely desirable living experience. As the development closes in on 60% sold and approaches the topping-off of its 15th floor, it’s clear that Alba Palm Beach is setting a new standard for luxury living in West Palm Beach.

Renderings via Alba Palm Beach

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Alba Palm Beach Begins Vertical Construction On West Palm Beach Waterfront

Alba Palm Beach has begun vertical construction after completing a 10+ hour concrete pour on July 27, with an additional 4 hours of concrete poured the following day. Of new luxury condo projects sprouting up across West Palm Beach, which includes more than 6,600 residential units, Alba Palm Beach is now currently the furthest along in construction.

Alba Palm Beach has begun vertical construction after completing a 10+ hour concrete pour on July 27, with an additional 4 hours of concrete poured the following day. Of new luxury condo projects sprouting up across West Palm Beach, which includes more than 6,600 residential units, Alba Palm Beach is now currently the furthest along in construction. With units starting just under $3 million, the project is slated to be complete in Spring 2026 and is currently 50% sold with sales at over $2,000 PSF.

Alba Palm Beach is located at 4714 N. Flagler Drive in West Palm Beach and is being developed by BGI Companies and Blue Road Group. When complete the luxury boutique condo will feature 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’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 SF 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.

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.

Images via Orange Dog Collective LLC & Alba Palm Beach

For more information about Alba Palm Beach or to inquire about purchasing a unit please fill out the form below:

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Alba Palm Beach Closes On $95 Millon Construction Loan

Miami-based BGI Capital has closed on a $95 million construction loan sourced in partnership with Wexcor Capital, a New York City-based real estate investment, management & advising firm, and financed by Kriss Capital, an New York City-based direct lender making construction and bridge loans on residential assets, to fund the completion of Alba Palm Beach.

Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, have closed on a $95 million construction loan sourced in partnership with Wexcor Capital, a New York City-based real estate investment, management & advising firm, and financed by Kriss Capital, an New York City-based direct lender making construction and bridge loans on residential assets, to fund the completion of Alba Palm Beach.

As the only new development directly on the Intracoastal waterways in the emerging Northwood neighborhood of West Palm Beach, Alba Palm Beach is being developed by BGI Companies and Blue Road and is set to deliver a boutique collection of 55 luxury residences by 2025, including unique two- and three-story townhomes with unobstructed views. Starting prices begin at $3 million at Alba Palm Beach, which broke ground in August and is currently over 45% sold.

“We’re thrilled to announce the next step in Alba Palm Beach’s evolution with a construction loan of $95 million with a trusted lender like Kriss Capital,” said Kenneth Baboun, principal developer. “Following the momentum of Alba’s groundbreaking, this milestone puts us one step closer to successfully welcoming residents as we remain bullish on the development of West Palm Beach.”

About the loan, Wexcor Capital partner Ron Wexler said "Kriss Capital’s significant experience with condo development and deep understanding of flexible financing in times of market uncertainty set their team apart. We were pleased to partner with a best-in-class sponsor, BGI Capital & Blue Road Group, to deliver tailored financing for this development. Alba will be an excellent addition to West Palm Beach and I’m proud to have played a part in bringing it to life."

“At Kriss Capital, we get to evaluate hundreds of development projects each year and choose a select few to finance. Alba Palm Beach has all the components of a successful project that we look for including stunning design, a first-class development team, and an outstanding waterfront location,” said Jody Kriss, founder and principal of Kriss Capital.

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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.

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

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