Excitement is brewing around the Ritz-Carlton Residences in Palm Beach Gardens as the project hits a major milestone with a private equity loan of $340 million. Construction is underway on the luxury condominium development spanning 11 acres along the Intracoastal Waterway. The project features 106 condos in three buildings south of PGA Boulevard in Palm Beach Gardens. The loan from Madison Realty Capital is welcome news for potential buyers waiting for confirmation that the project would receive funding.
Excavation is currently taking place, with elevations being created for building roads, fire roads, and emergency access. The development of the marina docks is also set to begin, with the sheet piles and vibroflotation/ compaction of soil scheduled to take place later in the spring. With full dust control systems in operation, the construction team is progressing rapidly toward the planned timeline.
The Ritz-Carlton Residences Palm Beach Gardens offers some of the most sought-after amenities for luxury living. The three residential buildings feature 106 elegant condos equipped with spacious floor plans, elegant interiors, and breathtaking views of the Intracoastal Waterway. The development also features a private waterfront social club, a state-of-the-art fitness center, a resort-style swimming pool, and a marina equipped with private boat slips. The development promises to offer its residents an unmatched blend of luxury, convenience, and exclusivity.
The development features over 20,000 square feet of world-class amenities, including a multi-level clubhouse with a coffee bar, library, green, fitness center, and steam room. Residents can also enjoy a resort-style swimming pool with cabanas and an event kitchen, offering the perfect setting for relaxation and entertainment. For boat enthusiasts, the marina with 29 boat slips will undoubtedly be a coveted feature. Catalfumo Companies spearheads the development, with groundbreaking anticipated in the summer of 2023 and delivery slated for the third quarter of 2025.
The construction timeline is estimated to range from 18 to 24 months, with Spina O’Rourke + Partners serving as the architect and Suffolk as the general contractor. Douglas Elliman Development Marketing is responsible for marketing the venture, while 2GHO contributes as the landscape architect.
As construction progresses, the Ritz-Carlton Residences Palm Beach Gardens is becoming one of the most anticipated luxury developments in the area. The project promises to offer a unique blend of premium living spaces, exceptional amenities, and an unparalleled location within Palm Beach Gardens.
The Ritz-Carlton Residences, Palm Beach Gardens, will proudly rise at 2200 PG Boulevard, North Palm Beach, Florida, 33408, in the prestigious Palm Beach County. This luxurious development promises to redefine upscale living and deliver an unparalleled residential experience along the stunning Palm Beach coastline.
