West Palm Beach grants last major approval for 1.1M-square-foot Transit Village

August 13, 2015

What’s old is new: As rail options expand on all levels, developers in cities like West Palm Beach, Florida are discovering what their developer cousins in urban centers to the north have know for years – if you built good real estate projects in conjunctions with good transit, then retail, residential, and commercial tenants will come.

The massive Transit Village project in West Palm Beach cleared its last major hurdle after it was unanimously approved by the city’s Downtown Action Committee on Wednesday.

The transit-oriented development led by Mike Masanoff has been nearly a decade in the making. It required approval from not only local and county officials, but federal and regional transportation authorities. It’s connected to a Tri-Rail Station at 203 South Tamarind Ave. that runs through Broward County down to Miami International Airport in addition to the county bus system. The Tri-Rail line is expected to expand to downtown Miami by 2017 and to Jupiter by 2018.

Transit Village would have 420 apartments, 300,000 square feet of office space, a 300-room hotel with a fitness center and conference/meeting rooms, 33,000 square feet of retail, 2,000 parking spaces, and a rooftop entertainment space. The largest tower will be 25 stories tall. It would be the largest construction project in downtown West Palm Beach.

Read South Florida Business Journal Senior Reporter Brian Bandell’s full story by clicking here.

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