The Ritz-Carlton Residences, West Palm Beach luxury tower recently secured $200 million in construction financing from Madison Realty Capital.
The 27-story waterfront tower will feature 138 branded residences and is being developed by Related Group and BH Group in collaboration with Marriott International, parent of Ritz-Carlton. Construction is underway, with completion slated for 2028. Over 70% of the units have been sold.
“In just six months, we have driven over $150 million in sales for this project,” said Nick Pérez, president of Related’s condominium division. “The pace has truly been remarkable, and it speaks volumes about buyers’ confidence in the thriving West Palm Beach market.”
The tower is located along Flagler Drive, with each condominium offering coastal views. Arquitectonica is the architect, Rockwell Group is the interior designer and Naturalficial is handling landscaping.
Residences come in two‑ to four‑bedroom floor plans and range from 1,500 to over 3,000 square feet. Units have open layouts, floor‑to‑ceiling windows and private balconies.
Amenities include a bayfront pool terrace with private cabanas, poolside dining and summer kitchens, as well as a fitness and wellness center and spa. There is also a conference room, flexible coworking space, children’s playroom and gaming studio.
“West Palm Beach has one of the nation’s most dynamic luxury residential markets — with record growth in luxury home prices and global attention as a premier waterfront destination,” BH Group Principal Isaac Toledano said. “Securing this financing brings us one step closer to delivering this extraordinary building during a moment of unparalleled demand. It’s rewarding to see both buyers and our lending partners recognize the strength and appeal of this market and the lifestyle it offers.”
Rockwell Group is the interior designer. Via The Boundary.