The development will consist of a 250-unit condominium tower, 12,000 sf of retail space, 7,000 sf of restaurant space and a 332-space parking garage.
The project will be built in two phases, separated by State Road A1A. The $75 million first phase will include the Ocean Palms Condominium built on five acres of oceanfront property at 3101 S. Ocean Drive.
The three-tier building will top out at 38 stories, and level off at 35 and 32 stories. Condo prices will start at about $450,000. Phase I is scheduled to be completed in January 2006.
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