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Case Study
ALV maximized development rights, negotiated a $5M tax incentive package and eventually constructed the first residential high-rise in WPB in more than 25 years.
Challenge
The landowner was asking a record per-foot price for the site, which was an unattractive surface parking lot that detracted from the downtown area.
Solution
By collaborating with the owner and city government, we purchased the land and received approval to construct 295 residential units and 16,000 sq. ft of retail space.
Results
West Palm Beach prospered as residents rediscovered downtown and we successfully transformed a lackluster parking lot into one of the area’s most recognizable residences.