Two significant real estate transactions are set to reshape the south end of Flagler Drive in West Palm Beach, signaling the area’s growing appeal as a luxury destination.
Fort Partners, a Miami-based developer renowned for Four Seasons resorts and residences, recently purchased two waterfront properties across the intracoastal from Mar-a-Lago for $20 million. The site, located at the foot of the Southern Boulevard bridge, spans one acre and includes two older apartment buildings. While Fort Partners has not disclosed plans, the firm’s history of high-end developments suggests a luxury project could be in the works, potentially elevating the neighborhood’s status.
Meanwhile, Related Ross, led by Miami Dolphins owner Stephen Ross, is pursuing a separate deal just south of Fort Partners’ site (literally next door). The company is offering $700,000 buyouts to owners of the Southbridge Condominiums, a 43-year-old waterfront building. These offers more than triple the current market value and highlight the intense competition for prime waterfront land. Related Ross aims to consolidate the property for redevelopment, adding to its growing portfolio of luxury projects along Flagler Drive. To note, it is no surprise that Related Ross is growing its presence, as Ross himself has clearly articulated that his vision is to make West Palm Beach a “model city for the country,” positioning it as both a financial hub and a potential next Silicon Valley.
With developers targeting key properties and infusing the area with high-end projects, this corner of West Palm Beach is poised for a dramatic transformation that could redefine its future.
