Under ConstructionSpotlight

The Berkeley

The Berkeley is a 25-story luxury condominium tower rising along the Clear Lake corridor on the western edge of downtown West Palm Beach, Florida.

Official Website
2029
Completion
193
Units
25
Floors
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Details

550 South Australian Avenue, West Palm Beach. 25 floors and 193 residences. Completing 2029. Financed with $100M from JVP Management in Mid 2026.

The story so far
Announced May 10, 2024
oftmw.com
Financing secured May 2025Al Adelson secures $30M site loan from Windsor Private Capital for the 25-story, 193-unit Berkeley ahead of its $62.5M JVP pre-construction loan
commercialobserver.com
Sales launched Nov 25, 2025Sales launched with Douglas Elliman: Al Adelson and the Morrison family named Douglas Elliman Development Marketing exclusive sales agent, with residences from $2M to over $10M
oftmw.com
Broke ground 2026 est.Correction: officially broke ground July 6, 2026 per PRWeb (>$120M sold by groundbreaking). Prior "construction" status + 2024-12 start reflected the SALES launch, not construction start; true construction start is the July 6 2026 groundbreaking, so status = breaking-ground.
oftmw.com
Under construction 2026 est.Broke ground 2026-07-06 on the 25-story Clear Lake tower, construction underway with GC John Moriarty & Associates (Florida YIMBY + Multi-Housing News). Advance breaking-ground → construction.
oftmw.com
Sales top $120 million at groundbreaking Jul 7, 2026The Berkeley Palm Beach passes $120M in condo sales, more than $40M of it since April
oftmw.com
Expected opening 2029
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 22, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

The outlook for The Berkeley

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About the project

The Berkeley is a 25-story luxury condominium tower rising along the Clear Lake corridor on the western edge of downtown West Palm Beach, Florida. Developed by Al Adelson and the Morrison family's Sympatico Real Estate, the tower is designed by Arquitectonica and built by John Moriarty and Associates. Its 193 waterfront residences, including four penthouses, range from two to five bedrooms with sweeping views over Clear Lake and the city skyline, extending West Palm Beach's ultra-luxury market inland from the Intracoastal with resort-style amenities.

Companies and contacts

Every firm on The Berkeley, the office nearest it, and the people who work on it.

TMW Intelligence
Projected pricing at delivery
The Berkeley
West Palm Beach · Coming Q4 2028 · Residences
TMW Projection
$1,850 / sq ft at delivery
Projected band $1,600 – $2,100 — modeled from 5 comparable launches nearby.
Sales launchTodayDelivery Q4 2028
Projected median
Confidence band
Today

Comparable set — basis for projection

Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Confidence: Medium · 5 comps · projections are modeled estimates, never listings
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Scenario outlook
The Berkeley
West Palm Beach · Coming Q4 2028 · Residences
TMW Projection
Projected price / sq ft
$1,850
at delivery, base case
Sell-out timeline
18months
from sales launch to final close
Absorption pace
4.5units / mo
modeled from the comp set

Scenario assumptions

Fed rate pathGradual cuts
Luxury demandSteady
Comp appreciation+6% / yr
Scenarios recompute against the submarket comp set · directional, not guaranteed
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Bear, base and bull: price, sell-out and pace for each case.

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Common questions

Frequently asked

Where is The Berkeley located?

The Berkeley is located in West Palm Beach.

When will The Berkeley be completed?

The Berkeley is under construction, with completion expected in 2029.

Who is developing The Berkeley?

Adelson Group, Sympatico Real Estate is the developer behind The Berkeley.

Who designed The Berkeley?

The Berkeley was designed by Arquitectonica, with interiors by Arquitectonica.

How big is The Berkeley?

The Berkeley rises 25 stories with 193 residences.