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NDT Development, Place Projects Greenlighted to Begin $150M WPB Development
NDT Development and Place Projects have partnered with Wheelock Street Capital for the development of Nora, a 40-acre mixed-use district in downtown West Palm Beach.
The project features the redevelopment of former industrial buildings on North Railroad Avenue, infrastructure and streetscape upgrades and future vertical development between 10th Street and Palm Beach Lakes Boulevard. The initial project budget is in excess of $150 million.
The West Palm Beach City Commission’s unanimous approval in March of the Nora District regulations will allow for over 2,500,000 square feet of new development while preserving the architectural character and scale of both North Railroad Avenue and the existing residential enclave south of 10th Street.
The first phase of the project will break ground in May of this year and focus on the adaptive reuse and development of 13 commercial properties. Future stages include ground-up residential, office and hotel development.
- ◦Development
