Partners Start WPB Condo with $122M Construction Loan, 70% Presolds

Two Roads Development and Alpha Blue Ventures have broken ground on Forté, a new waterfront condominium at 1309 South Flagler Drive in West Palm Beach. The project has gotten underway with $121.5 million in construction financing from Bank OZK.

Approximately 70% of Forté’s 41 residences have been sold, with the majority of buyers coming from markets across the domestic US. Unit prices range from about $7.4 million to more than $30 million. All residences will include private elevator foyers, at least 1,000 square feet of outdoor living space and no less than 10-foot-high ceilings.

The 24-story boutique tower is on schedule to be completed in approximately three years.

Forté rests within a residential neighborhood south of Palm Beach Atlantic University. The Norton Museum of Art, Ann Norton Sculpture Gardens, and Antique Row Art & Design are all within proximity; residents have easy access to Palm Beach’s renowned boutiques, cafes and celebrity chef-driven restaurants.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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