★ Breaking Ground

OLIN Palm Beach

Palm Beach · Residences

OLIN is an ultra-luxury oceanfront condominium rising on the South End of Palm Beach Island, the first new condominium the town has permitted in more than two decades.

Official Website
Verified Sep 23, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
07.10.26
Start
TBD
Completion
32
Units
5
Floors

Financed with $55M in 01.01.26.

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Details

2774 South Ocean Boulevard, Palm Beach. 5 floors and 32 residences. Broke ground Jul 2026, completing TBD. Financed with $55M in Jan 2026.

The story so far
Announced Apr 2025OKO Group + Cain International propose OMA-designed oceanfront condo — Palm Beach's first new condo in 20+ years (Commercial Observer, TRD)
commercialobserver.com
Financing secured Jan 23, 2026$55M from BDT & MSD Partners to fully capitalize the pre-development phase per Commercial Observer. Status stays announced (pre-construction).
commercialobserver.com
Final design approvals granted Jun 24, 2026Palm Beach's Architectural Commission granted OLIN's remaining design-review approvals at a contentious June 24, 2026 meeting, clearing construction; early-stage demolition then began July 10, 2026 (Palm Beach Daily News)
yahoo.com
Sales launched Jul 2026Sales launched as OLIN Palm Beach with Corcoran exclusive; 32 residences across three five-story buildings priced up to $20M, up to $30M and over $40M per Palm Beach Daily News
yahoo.com
Demolition begins on the Ambassador and Edgewater buildings Jul 2026Early-stage demolition is underway at the ocean-to-lagoon site, though crews have yet to topple the former Ambassador Palm Beach Hotel and Residences or the lakeside Edgewater House that OLIN replaces.
bocaratontribune.com
Broke ground Aug 21, 2026 est.Early-stage demolition work on the Ambassador Palm Beach and Edgewater House began July 10, 2026 with staging underway, but Palm Beach Daily News says main demolition timing is not yet announced — queued for review rather than applied
yahoo.com
Expected opening date TBD
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
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About the project

OLIN is an ultra-luxury oceanfront condominium rising on the South End of Palm Beach Island, the first new condominium the town has permitted in more than two decades. Developed by Vladislav Doronin's OKO Group in partnership with Cain International on a rare ocean-to-lagoon parcel along South Ocean Boulevard, the project replaces the former Ambassador Hotel and Edgewater House with three interconnected five-story buildings that respect Palm Beach's storied low-rise character and strict height limit. The residences are designed by OMA, the Pritzker Prize-winning practice founded by Rem Koolhaas, with interiors by AD100 Hall of Fame studio GACHOT, positioning OLIN among the most significant residential commissions of its designers. A gracious, limited collection of full-floor and estate-scaled homes set within landscaped oceanfront grounds, OLIN redefines the top of the Palm Beach market as a singular address where architecture, privacy, and beachfront living converge.

The Palm Beach market 5 · Balanced supplyPalm Beach Island 5-project pipeline · 44 residences and keys Explore the market →
Common questions

Frequently asked

Where is OLIN Palm Beach located?

OLIN Palm Beach is located in Palm Beach.

When will OLIN Palm Beach be completed?

OLIN Palm Beach is breaking ground, with completion targeted in TBD.

Who is developing OLIN Palm Beach?

OKO Group, Cain International is the developer behind OLIN Palm Beach.

Who designed OLIN Palm Beach?

OLIN Palm Beach was designed by OMA, Spina O'Rourke + Partners.

How big is OLIN Palm Beach?

OLIN Palm Beach rises 5 stories with 32 residences.