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Olara is the volume-and-amenity play on West Palm Beach’s North Flagler waterfront: 275 residences across a 26-story Arquitectonica-designed project at 1919 N Flagler Drive, developed by New York’s Savanna with $380 million in construction financing, priced from roughly $2 million, and anchored by an 80,000-square-foot amenity program with private dining by Michelin-starred chef José Andrés.
What does Olara cost per square foot?
Published pricing runs approximately $1,370 to $2,000 per square foot, with residences from about $2 million to $10 million (LuxuryDade sales data, August 2026; CondoWPB lists a $1.7M–$7.5M range the same month — verify current entry pricing with the gallery). That undercuts the corridor’s branded towers: Ritz-Carlton West Palm Beach starts near $3 million and South Flagler House at $3.5 million (CondoWPB, August 2026).
What is the unit mix, and which residences face the water?
Four core plans: two-bedrooms of 1,460–1,800 SF; three-bedrooms of 2,200–3,000 SF; four-bedrooms of 3,500–4,200 SF; and four-bed-plus-den layouts beyond 4,500 SF (sales gallery, August 2026). The site sits directly on the Intracoastal with Palm Beach Island views to the east; east-facing water lines command the premium, and the gallery’s floor plates map orientation line by line.
Who is the developer, and what is their track record?
Savanna is a New York institutional developer and investor making its Florida flagship play here, capitalized by a $380 million construction loan reported by Multi-Housing News. For buyers, the read is straightforward: institutional sponsorship, institutional debt, and a two-tower delivery plan (first closings targeted Q4 2026, project completion running to 2028).
What amenities set Olara apart from the branded towers?
The 80,000-square-foot program is the corridor’s largest: resort pools, a private marina, full-service spa and wellness center, wine cellar, and the José Andrés private dining program (sales gallery, August 2026). The honest trade-off versus Mandarin Oriental or Ritz-Carlton: Olara offers more amenity square footage per dollar but no hotel flag — meaning no branded service culture, and no branded resale premium either.
When does Olara deliver, and what is the deposit schedule?
First tower targeted for Q4 2026 with the full project delivering into 2028; the deposit program is 50% during construction with the balance at closing (sales gallery, August 2026). That deposit structure is the steepest on the corridor — buyers should model the opportunity cost against the roughly two-year horizon.
Who is Olara right for?
The value-focused waterfront buyer: someone who wants new-construction Intracoastal frontage, big-building amenities and a sub-$2,000/SF entry — and doesn’t need a hotel brand on the deed. Brand-first buyers should compare Mr. C Residences West Palm Beach (from $1.6M, 2026) or hold for Ritz-Carlton West Palm Beach (2027–2028).
Comparison: North Flagler and downtown West Palm Beach (August 2026)
Comparison (Aug 2026)OlaraSouth Flagler HouseRitz-Carlton WPBMr. C Residences
From-price~$2M$3.5M$3M$1.6M…