west palm beach new construction & proposed multifamily ......west palm beach new construction...

West Palm Beach New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS5 Azola West Palm 179

7 Town at Southern 392

Total Under Construction 571

9 Arcadia Gardens 220

10 North Flagler 225

13 Reflection Bay 680

28 Solera at City Centre 136

29 Haverhill 270

31 Uptown Boca 456

Total Planned 1,987

32 Latitude 263

33 Ellison Wilson Road & Shady Lane 70

38 Catalina 68

48 Axis Wellington Green Phase II 140

51 Tuttle Royale 680

52 Village Professional Park 434

61 Agricultural Reserve 400

62 Banyan Cove 102

63 Delray Trails 436

64 Terra Nova 212

66 Boca Dunes Golf and Country Club 446

81 Abidjan Estates 163

82 Lenox North Beach 250

83 Banyan Ridge 228

84 Vista Parkway 692

Total Prospective 4,584 Source: Yardi Matrix2 mi

32 82

33

81

61 64

63 62

513883

84

52

48

66

10

9

1329

28

31

7

5

Lease-Up Under Construction Planned ProspectiveLEGEND


ID PROPERTY UNITS2 Cade Boca Raton 90

Total Lease Up 90

24 1690 - 2350 South Congress Avenue 636

25 Aura Boca Colonnade 322

26 Boca Villa Phase II 55

27 Monarch Boca Raton 384

30 Atlantic Crossing 261

Total Planned 1,658

65 Village Square Phase III 142

67 5201 Residential 284

68 5300 and 5400 Broken Sound Blvd 297

69 Amtec Residential Center 304

70 BRIC Residential PMD 297

71 Florida Crystals Residential at Broken Sound 178

72 Midtown Boca 649

73 Ocean Breeze 200

74 200 South Federal 220

75 Camino Square 350

76 Fairfield at Pompano Beach, The 327

77 Florida Atlantic University 360

78 Grove, The 144

79 Mizner Park Amphitheater Redevelopment 400

80 Ocean Palm 70

86 AltaWest 195

87 Village at the Park 152

Total Prospective 4,569 Source: Yardi Matrix2000 ft

86

87

65

737169

6867

70

78

77

7976

8074

75

72

2

25

27

26

24

30



ID PROPERTY UNITS1 Village at Mangonia Lake 240

Total Lease Up 240

6 One West Palm 328

8 Oversea 251


11 550 Banyan Blvd 348

12 Carefree Theater Redevelopment 97

14 Transit Village 420

18 South Dixie Highway 300

Total Planned 1,165

34 Arts on Broadway 52

35 1422 / 1600 / 1614 North Congress 200

36 1500 Centrepark Blvd 246

37 23rd Street & Ponce De Leon Avenue 2,300

39 City Place Redevelopment 300

40 CityPlace 375

41 Clear Lake Estates 352

42 Clematis Place 162

43 District Flats 178

44 Loftin Place Phase II 204


34

37

40 44

42

39

43

36

35

41

1

14

18

12

11

6

8



ID PROPERTY UNITS

3 Alta @ Cortina 324

4 Water Tower Commons 360


15 Windsor Place 184

16 Golden Road 189

17 MID 230

19 550 Minori Lane 433

20 Boynton Beach Town Square Redevelopment 705

21 Ocean One 231

22 Riverwalk Plaza 326

23 Villages at East Ocean Avenue, The 371

Total Planned 2,669

45 5024 State Road 7 157

46 8238 Lake Worth Road 362

47 Andalucia 338

49 Polo Legacy 184

50 Rubin Farms 284

53 4280 Lakewood Road 96

54 4411 South Congress Avenue 360

55 Aviera Green 56

56 Channel Side 108

57 Water Tower Commons Phase II 348

58 Ocean One Phase II 127

59 Quantum Lake Villas West 104

60 Villages at East Ocean Avenue - South Parcel, The 50

85 Lofts at Lake Worth 318


55

56

53

54

85465049

47

45

59

57

5860

22

19

15

16

17

20

2123

4

3


West Palm Beach New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

1 Village at Mangonia Lake 2101 North Australian Avenue West Palm Beach FL 33407 Lease-Up 240 West Palm Beach 03/05/2018 09/30/2019 03/31/2019

2 Cade Boca Raton 950 Broken Sound Pkwy NW Boca Raton FL 33487 Lease-Up 90 Boca Raton-west 12/01/2017 06/30/2019 06/06/2018

Total Lease-Up 330

3 Alta @ Cortina Boynton Village & Renaissance Commons Blvd North Boynton Beach FL 33426 Under Construction 324 Boynton Beach 02/21/2019 01/31/2021

4 Water Tower Commons 1199 West Lantana Road Lantana FL 33462 Under Construction 360 Atlantis 01/20/2019 06/30/2020

5 Azola West Palm 8230 Okeechobee Blvd West Palm Beach FL 33411 Under Construction 179 West Palm Beach 03/01/2018 01/31/2020

6 One West Palm 550 North Quadrille Blvd West Palm Beach FL 33401 Under Construction 328 West Palm Beach 01/31/2019 01/31/2020

7 Town at Southern 11020 TOWN CIRCLE Royal Palm Beach FL 33414 Under Construction 392 Royal Palm Beach 12/31/2017 12/31/2019

8 Oversea 200 2nd Street West Palm Beach FL 33401 Under Construction 251 West Palm Beach 04/26/2018 09/30/2019

Total Under Construction 1,834

9 Arcadia Gardens 3650 Rca Blvd Palm Beach Gardens FL 33410 Planned 220 North Palm Beach

10 North Flagler 3801 Design Center Drive Palm Beach Gardens FL 33410 Planned 225 North Palm Beach

11 550 Banyan Blvd 550 Banyan Blvd West Palm Beach FL 33401 Planned 348 West Palm Beach

12 Carefree Theater Redevelopment 2000 South Dixie Hwy West Palm Beach FL 33401 Planned 97 West Palm Beach

13 Reflection Bay Century Blvd & Haverhill Road West Palm Beach FL 33417 Planned 680 West Palm Beach

14 Transit Village 150 Clearwater Drive West Palm Beach FL 33401 Planned 420 West Palm Beach

15 Windsor Place NWC Hypoluxo Road & Lyons Road Lake Worth FL 33467 Planned 184 Royal Palm Beach

16 Golden Road 2253 Keast Lane Lake Worth FL 33461 Planned 189 Palm Springs

17 MID 1601 North Dixie Hwy Lake Worth FL 33460 Planned 230 Palm Springs

18 South Dixie Highway 3111 South Dixie Hwy West Palm Beach FL 33405 Planned 300 Palm Springs

19 550 Minori Lane 550 Minori Lane Boynton Beach FL 33426 Planned 433 Boynton Beach

20 Boynton Beach Town Square Redevelopment 4975 Park Ridge Blvd Boynton Beach FL 33426 Planned 705 Boynton Beach

21 Ocean One 114 North Federal Hwy Boynton Beach FL 33435 Planned 231 Boynton Beach

22 Riverwalk Plaza 1620 South Federal Hwy Boynton Beach FL 33435 Planned 326 Boynton Beach

23 Villages at East Ocean Avenue, The NE 3rd Street & East Ocean Avenue Boynton Beach FL 33435 Planned 371 Boynton Beach

24 1690 - 2350 South Congress Avenue 1690 South Congress Avenue Delray Beach FL 33445 Planned 636 Delray Beach

25 Aura Boca Colonnade 789 West Yamato Road Boca Raton FL 33487 Planned 322 Boca Raton-west

26 Boca Villa Phase II 100 West Hidden Valley Blvd Boca Raton FL 33487 Planned 55 Boca Raton-west





START OFRENT-UP

27 Monarch Boca Raton 200 SE Mizner Blvd Boca Raton FL 33432 Planned 384 Boca Raton-east

28 Solera at City Centre Ellison Wilson Road & PGA Blvd Palm Beach Gardens FL 33408 Planned 136 North Palm Beach

29 Haverhill 2460 Haverhill Road West Palm Beach FL 33417 Planned 270 West Palm Beach

30 Atlantic Crossing 777 East Atlantic Avenue Delray Beach FL 33483 Planned 261 Boynton Beach

31 Uptown Boca 9774 Glades Road Boca Raton FL 33428 Planned 456 Sandelfoot Cove

Total Planned 7,479

32 Latitude 12450 Central Blvd Palm Beach Gardens FL 33418 Prospective 263 Jupiter

33 Ellison Wilson Road & Shady Lane Ellison Wilson Road & Shady Lane Palm Beach Gardens FL 33408 Prospective 70 North Palm Beach

34 Arts on Broadway 2823 Broadway Avenue West Palm Beach FL 33407 Prospective 52 Palm Beach Shores

35 1422 / 1600 / 1614 North Congress 1614 North Congress Avenue West Palm Beach FL 33409 Prospective 200 West Palm Beach

36 1500 Centrepark Blvd 1500 Centrepark Blvd West Palm Beach FL 33401 Prospective 246 West Palm Beach

37 23rd Street & Ponce De Leon Avenue 23rd Street & Ponce De Leon Avenue West Palm Beach FL 33407 Prospective 2,300 West Palm Beach

38 Catalina 6288 Belvedere Road West Palm Beach FL 33413 Prospective 68 West Palm Beach

39 City Place Redevelopment 700 South Rosemary Avenue West Palm Beach FL 33401 Prospective 300 West Palm Beach

40 CityPlace 680 North Rosemary Avenue West Palm Beach FL 33401 Prospective 375 West Palm Beach

41 Clear Lake Estates 719 Executive Center Drive West Palm Beach FL 33401 Prospective 352 West Palm Beach

42 Clematis Place 530 Clematis Street West Palm Beach FL 33401 Prospective 162 West Palm Beach

43 District Flats 1630 Clare Avenue West Palm Beach FL 33401 Prospective 178 West Palm Beach

44 Loftin Place Phase II 805 North Olive Avenue West Palm Beach FL 33401 Prospective 204 West Palm Beach

45 5024 State Road 7 5024 South State Road 7 Lake Worth FL 33449 Prospective 157 Royal Palm Beach

46 8238 Lake Worth Road 8238 Lake Worth Road Lake Worth FL 33467 Prospective 362 Royal Palm Beach

47 Andalucia 4599 87th Drive South Lake Worth FL 33467 Prospective 338 Royal Palm Beach

48 Axis Wellington Green Phase II 3409 Pomerol Drive Wellington FL 33414 Prospective 140 Royal Palm Beach

49 Polo Legacy Lake Worth Road & Polo Club Road Lake Worth FL 33467 Prospective 184 Royal Palm Beach

50 Rubin Farms 8450 Lake Worth Road Lake Worth FL 33467 Prospective 284 Royal Palm Beach

51 Tuttle Royale State Route 7 & US Route 441 Royal Palm Beach FL 33411 Prospective 680 Royal Palm Beach

52 Village Professional Park 1381 South State Road 7 Wellington FL 33414 Prospective 434 Royal Palm Beach

53 4280 Lakewood Road 4280 Lakewood Road Lake Worth FL 33461 Prospective 96 Palm Springs





START OFRENT-UP

54 4411 South Congress Avenue 4411 South Congress Avenue Lake Worth FL 33461 Prospective 360 Palm Springs

55 Aviera Green 2081 Haverhill Road West Palm Beach FL 33415 Prospective 56 Palm Springs

56 Channel Side Canal 10 Road & South Military Trail West Palm Beach FL 33415 Prospective 108 Palm Springs

57 Water Tower Commons Phase II 1199 West Lantana Road Lantana FL 33462 Prospective 348 Atlantis

58 Ocean One Phase II 114 North Federal Hwy Boynton Beach FL 33435 Prospective 127 Boynton Beach

59 Quantum Lake Villas West East Gateway Blvd & Quantum Lakes Drive Boynton Beach FL 33426 Prospective 104 Boynton Beach

60 Villages at East Ocean Avenue - South Parcel, The SE 3rd Street & East Ocean Avenue Boynton Beach FL 33435 Prospective 50 Boynton Beach

61 Agricultural Reserve 8225 West Atlantic Avenue Delray Beach FL 33446 Prospective 400 Delray Beach

62 Banyan Cove 13038 Barwick Road Delray Beach FL 33445 Prospective 102 Delray Beach

63 Delray Trails 5750 Phoenix Palm Court Delray Beach FL 33484 Prospective 436 Delray Beach

64 Terra Nova 7555 Umberto Place Delray Beach FL 33446 Prospective 212 Delray Beach

65 Village Square Phase III 737 Village Square Circle Delray Beach FL 33444 Prospective 142 Delray Beach

66 Boca Dunes Golf and Country Club 22866 SW 65th Avenue Boca Raton FL 33428 Prospective 446 Sandelfoot Cove

67 5201 Residential 5201 Congress Avenue Boca Raton FL 33487 Prospective 284 Boca Raton-west

68 5300 and 5400 Broken Sound Blvd 5400 Broken Sound Blvd NW Boca Raton FL 33487 Prospective 297 Boca Raton-west

69 Amtec Residential Center 6401 Congress Avenue Boca Raton FL 33487 Prospective 304 Boca Raton-west

70 BRIC Residential PMD 5000 T-Rex Avenue Boca Raton FL 33431 Prospective 297 Boca Raton-west

71 Florida Crystals Residential at Broken Sound 6111 Broken Sound Pkwy NW Boca Raton FL 33487 Prospective 178 Boca Raton-west

72 Midtown Boca 21046 Commercial Trail Boca Raton FL 33486 Prospective 649 Boca Raton-west

73 Ocean Breeze 5800 NW 2nd Avenue Boca Raton FL 33487 Prospective 200 Boca Raton-west

74 200 South Federal 200 South Federal Hwy Boca Raton FL 33432 Prospective 220 Boca Raton-east

75 Camino Square 171 West Camino Real Boca Raton FL 33432 Prospective 350 Boca Raton-east

76 Fairfield at Pompano Beach, The 601 North Federal Hwy Boca Raton FL 33432 Prospective 327 Boca Raton-east

77 Florida Atlantic University Florida Atlantic Blvd & Glades Road Boca Raton FL 33431 Prospective 360 Boca Raton-east

78 Grove, The 2600 NW 5th Avenue Boca Raton FL 33431 Prospective 144 Boca Raton-east

79 Mizner Park Amphitheater Redevelopment 590 Plaza Real Boca Raton FL 33432 Prospective 400 Boca Raton-east

80 Ocean Palm 1 South Ocean Blvd Boca Raton FL 33432 Prospective 70 Boca Raton-east

81 Abidjan Estates SW Avenue J & Downs Circle Belle Glade FL 33430 Prospective 163 Belle Glade


Source: Yardi Matrix© 2019 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx



START OFRENT-UP

82 Lenox North Beach 12045 Highway 1 North Palm Beach FL 33408 Prospective 250 North Palm Beach

83 Banyan Ridge SWC Belvedere Road & North Cleary Road West Palm Beach FL 33413 Prospective 228 West Palm Beach

84 Vista Parkway 1635 Meathe Road West Palm Beach FL 33411 Prospective 692 West Palm Beach

85 Lofts at Lake Worth 4404 Charleston Street Lake Worth FL 33467 Prospective 318 Palm Springs

86 AltaWest SW 9th Avenue & West Atlantic Avenue Delray Beach FL 33444 Prospective 195 Delray Beach

87 Village at the Park 625 Auburn Circle West Delray Beach FL 33444 Prospective 152 Delray Beach

Total Prospective 16,414

TOTAL WEST PALM BEACH 26,057

west palm beach new construction & proposed multifamily ......west palm beach new construction...

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