Nautilus 220

Lake Park, FL, USA

Under Construction

Property Description

A joint venture with Forest Development to develop a 330-unit mixed-use waterfront high-rise with world-class amenities serving the undersupplied market of Palm Beach County. The site has six parcels acquired between May 2018 and April 2019 for approximately $10.4 million or $86/sq. ft. of land area. The property has been rezoned from a four-story limit up to twenty-three stories. The project will have two towers with spectacular water view units and 38,146 sq.ft. of commercial space. The development is targeted to high-income/networth Floridians and northeasterners seeking an active lifestyle in South Florida. The project offers easy access to beaches, golf courses, tennis, and boating. The development will have first-class amenities in the building with access to a recreational promenade and marina.

Property Details

Property Type

Luxury Condo

Status

Under Construction

Gross Sq. Ft.

1,150,017

Total Capitalization

$341,628,561.03

Property Location

Lake Park, FL, USA