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

Past PROFILE Articles about Alba Palm Beach:

Images via Alba Palm Beach

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

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. 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.

Past PROFILE Articles about Alba Palm Beach:

Images via Alba Palm Beach

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

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

West Palm Beach Condo Development Alba Palm Beach Locks Down $82 Million Construction Loan

Private real estate lender Trez Capital funded an $82 million loan to build Alba Palm Beach, a luxurious waterfront condominium project that will soon rise in West Palm Beach, Florida. The new development is located directly on the west bank of the Intracoastal Waterway in the emerging Northwood neighborhood. Alba will rise 22-stories and offers 55 luxury residences and four townhomes. Since launching sales in February 2022, more than 30% of the project has been reserved. Prices start at $2.5 million. With the loan in place, an official groundbreaking is expected this fall with a project delivery in 2025.

Trez Capital Managing Director Ben Jacobson originated the loan on behalf of the lead developer Kenneth Baboun. Jacobson is based in Trez Capital’s Palm Beach, Florida office led by Executive Managing Director, Eastern U.S. Brett Forman. BGI Capital structured the loan.

“Alba Palm Beach fills a glaring need for high-end residential product in a rapidly growing area of West Palm Beach,” said Jacobson. “We are excited to complete our first transaction with a sophisticated developer that will bring luxurious waterfront living to the city’s Northwood neighborhood.”

“We are so pleased to announce the securing of financing for Alba Palm Beach, especially with the great market response and sales success we have seen in such a short time since launching sales,” Baboun said.

“Working with the team from Trez Capital was a transparent and seamless experience and we are thrilled to have accomplished this milestone for Alba Palm Beach,” said Robert Barthelmess, Managing Partner of BGI Capital.

The spacious two-, three-, and four- bedroom residences range in size from 1,745 to 4,500-plus square feet. Each has oversized glass-framed terraces with summer kitchens and panoramic views, floor-to-ceiling hurricane impact glass windows, upscale appliances and designer fixtures.

Amenities include a private dock with boat slips for residents only, two pools, dedicated grill and lounge areas, state-of-the-art fitness studio, private elevators, virtual conference spaces, theater and multi-sport simulator rooms.

Alba Palm Beach is located at 4714 North Flagler Dr., just minutes away from world-class beaches, the famed Worth Avenue shopping district, upscale dining options and cultural activities.

“West Palm Beach has been a focal point of the substantial corporate migration to South Florida over the past few years,” said Forman. “That is creating intense demand for luxury residences in the city. Alba Palm Beach is poised to generate significant activity from both new-to-market and local buyers.”

For more information about Alba Palm Beach, private showings or purchasing/ leasing information please fill out the form below:

BGI Companies Launches Sales at Alba Palm Beach

BGI Companies has officially launched sales at Alba Palm Beach, a new waterfront residential condominium development located directly on the Intracoastal Waterway. The development is a collection of 55 luxury residences spread throughout a 22-story tower, plus four two- and three-story townhomes. Residents will enjoy a variety of desirable amenities including an entire 25,500-square-foot, sixth-floor amenity level with sunrise and sunset swimming pools, as well as on-site private docks with boat slips exclusively for owners.

In pre-sales, the development received a strong response with more than 30% of the building reserved. Introductory pricing starting from $2.5 million with sales led by Douglas Elliman Development Marketing.

“As our first foray into residential development in the Palm Beaches, we are excited to officially launch sales with a more accessible luxury product in the Northwood area as the neighborhood continues to thrive and grow,” said Kenneth Baboun, principal developer. “With a sought-after location, Alba Palm Beach will introduce a limited-edition waterfront lifestyle that celebrates high-quality workmanship, elevated amenities, and effortless coastal living – all of which are in demand yet hard to come by in today’s market.”

“West Palm Beach has experienced a material transformation and growth in the last few years. The influx of buyers and capital in the area seeking a luxury destination coupled with offering of high caliber products in West Palm Beach has presented tremendous opportunity,” said Jay Phillip Parker, CEO of Douglas Elliman’s Florida Region and President of Douglas Elliman Development Marketing. “With Alba Palm Beach, we are setting a new standard in the neighborhood, offering a waterfront lifestyle with Intracoastal access that cannot be replicated. Our team is proud to present buyers with a development that offers an exceptional value at a premier address.”

Alba Palm Beach is located at 4714 North Flagler Drive in West Palm Beach, Florida, directly on the Intracoastal Waterway. 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. The development houses a collection of 55 two- to three-bedroom residences, and 4-bedroom townhomes with direct waterfront views. There are a limited number of residences per floor, with private elevators and vestibules offering privacy and seclusion.

Alba Palm Beach is situated on 1.71-acres with direct Intracoastal frontage, and a private dock with boat slips reserved for residents only. The tower’s entire sixth floor is dedicated to amenities, including a sunrise pool overlooking the Intracoastal, a sunset pool for the warm afternoon sun, as well as dedicated grill and lounge areas. The on-property state-of-the-art fitness studio includes cardio, resistance training, and yoga. There will also be virtual conference spaces, theater, and multi-sport simulator rooms. The development also offers a covered Porte Cochere entry, valet parking, and access to covered parking with electric vehicle charging stations.

Every residence features spacious layouts with oversized glass-framed terraces with summer kitchens and panoramic views. Floor-to-ceiling hurricane impact windows and sliding doors are installed on all terraces. Additional highlights include Italian-designed kitchens by Italkraft, stainless steel appliances by SubZero® and Wolf®, spa-like baths with designer fixtures and finishes and wiring for high-speed data, media connectivity and smart-home technology. The limited collection of four townhome residences each have their own unique two- or three-story designs.

BGI Capital Announces Expansion to Palm Beach County and a New Managing Director, Gregory J. Laskody

BGI Capital will open a new Boca Raton office and expand its operation to Palm Beach County.

The Miami-based alternative lender and commercial real estate debt provider operates offices in Miami and New York, making this its third location. The new office will be located at 1900 Glades Road, Boca Raton, FL 33431.

Managing Partner Kenneth Baboun is leading BGI Capital’s expansion efforts into key markets, choosing to open a location in the county due to the demand the firm has experienced in the area and its strong network within the community.

In addition to the expansion, BGI Capital also welcomed Managing Director Gregory J.Laskody, CCIM to the firm. Gregory will serve as the firm’s primary Palm Beach County liaison spearheading its efforts to expand debt and capital solutions to a new client base.

With over 30 years of commercial real estate experience, Gregory has extensive expertise in investment sales, commercial real estate mortgage and investment banking, and valuation. Collectively, he has been involved in over $3 billion of commercial real estate transactions. Throughout his career, he has held production, leadership, and management positions with various companies in commercial real estate including Lee & Associates, Deloitte, Nomura Capital, Wells Fargo, Q10 Capital, Newmark Grubb Night Frank, and Colliers International.

“I believe that with my vertically-integrated experience in investment sales and CRE capital markets practice, combined with the firm’s network, will successfully meet our client’s investment objectives.” BGI was founded in Miami in 2013 and expanded into the Northeast in February of 2019 with the opening of its New York office, led by Managing Director Luis Tio. The firm’s presence in New York has led to securing multiple loans in Brooklyn, Astoria, the Bronx and Long Island City among others.In Miami, BGI Capital has played an integral role in the transformation of several Miami neighborhoods including Edgewater, Coral Gables, Brickell and Doral.