Stephen Ross, Miami Dolphins owner and Palm Beach billionaire, is set to unveil a new condominium project in West Palm Beach. The 140-unit building, named Shorecrest, will be located at 1901 N. Flagler Drive, currently the site of Temple Israel, Palm Beach County's oldest Jewish organization and sole Reform synagogue in the city. Remarkably, the new condo will incorporate a redesigned temple within its structure.
The high-rise, expected to reach 26 or 27 stories, will offer residences varying from one to four bedrooms, with prices ranging from $1.5 million to nearly $10 million for the largest penthouses. Most units are anticipated to be around $5 million. The target demographic includes professionals relocating to Palm Beach County, young couples, and those downsizing from larger homes.
Ken Himmel, CEO of Related Urban, explained that Shorecrest is aimed at those moving to Palm Beach for work, especially in the numerous Class A office towers, many owned by Related. The project represents a unique opportunity to own waterfront property at a competitive price, considering the current market.
The design of Shorecrest is the work of Roger Ferris, a renowned contemporary architect. This marks his first project in Palm Beach County. A sales gallery for Shorecrest is expected to open soon at The Square, as Related aims to expand its influence in the luxury condo market in West Palm Beach.
Related is also developing South Flagler House, another high-end condo project, featuring 108 units in twin towers designed by Robert A.M. Stern Architects, with unit prices starting at $5.9 million.
In a unique arrangement, the temple will not leave its current location. Instead, it will be integrated into the new condo, occupying two floors, with a preschool also planned adjacent to the tower. Temple co-president Martin List expressed excitement over the project, which will include rebuilding the temple and school facilities.
The construction timeline remains flexible, with a potential start in mid-2024 to early 2025, dependent on pre-sales. The project gained momentum after a zoning height adjustment was approved, allowing the building to reach 306 feet. This decision was pivotal in advancing the sales contract, with the final closing expected by February 2026.
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