The Related Group, a Miami-based developer, is seeking to rezone a waterfront property, 4906 N Flagler Drive, in West Palm Beach in order to construct a 25-story condominium tower called Apogee West Palm Beach. The property, which was purchased by a Related Group affiliate for $16 million in 2022, currently consists of a single-family home. The developer plans to rezone the site as a "residential planned development," subject to City Commission approval.
Designed by Miami-based architecture firm Arquitectonica, the Apogee tower would encompass 231,803 square feet and feature 46 luxury condos with three bedrooms each. The units, ranging from 2,754 to 2,902 square feet, would be arranged with two units per floor. The development would offer extensive indoor amenities spanning 16,828 square feet, as well as two pools along the Intracoastal Waterway and a pool deck on the third floor.
Parking would primarily be valet-only, with five spaces on the ground floor and 100 spaces on the second and third floors accessible via car elevators. The developer estimates that the project, once completed, would be valued at $190 million and generate $38 million in property taxes for the city over a span of 20 years.
While West Palm Beach has been attracting wealthy residents, developers have been focusing on building new condos along the waterfront to cater to this demographic. The Related Group is also working with BH Group on plans for another condominium project at 1717 N. Flagler Drive, potentially featuring the Ritz-Carlton brand. The Related Group has previously developed Apogee-branded condos in Miami Beach and Hollywood.
