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| ICON Palm Beach twin-tower condos rendering, Flagler Drive, North of Downtown West Palm Beach, FL |
MIAMI, FL -- As the South Florida condo market rebounds from
the devastating crash of 2007, the Related Group - the tri-county region's
largest vertical condo developer - plans to add four new condo towers with more
than 660 additional units to its previously proposed ICON Palm Beach
twin-tower project on Flagler Drive north of Downtown West Palm Beach,
according to a new report from CondoVultures.com.
Under the revised plan, the four newly proposed condo towers
would be developed in partnership with neighboring landowner RSBC Real Estate
Co. that controls a 13.9-acre waterfront site and marina in the 4200 block of
Flagler Drive, immediately south of the proposed ICON Palm Beach project that
was slated to be built on a 5.1-acre site in the 4400 block of Flagler Drive,
according to city of West Palm Beach records.
With the Related Group's revised plans, at least 10 new
condo towers with more than 1,800 units have been proposed in the Downtown West
Palm Beach area as of September 22, 2013, according to the Preconstruction
Condo Projects Database™ compiled by the licensed Florida brokerage CVR
Realty™.
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| West Palm Beach, FL skyline |
Prior to the revised ICON Palm Beach plans, at least eight
development sites with the potential for hundreds of residential - either
rental or condominium - units were already being contemplated in the North
Flagler Drive corridor just north of Downtown West Palm Beach, according to a
CondoVultures.com report.
Overall in the tri-county South Florida region, developers
are now proposing nearly 22,500 units for coastal Miami-Dade, Broward, and Palm
Beach counties as of September 22, 2013, according to the Preconstruction Condo
Projects Database™.
For a complete copy of the company’s news
release, please contact:
Condo Vultures® LLC
225 Midtown Building
225 NE 34th St.,
Suite 209B,
Downtown Miami, Florida, 33137.
800-750-0517.
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