set to rise in downtown West Palm Beach, the product of a $240 million partnership between developer Gilbane and Palm Beach Atlantic University. The project, approved by the county commission, is designed to ease the school’s housing crunch while adding new appeal to the surrounding urban space.
“This project will provide more housing options for students and help ease pressure on the local housing market. We are committed to delivering state-of-the-art facilities that support student life and contribute to the broader vitality of downtown West Palm Beach,” Jeffrey Resetco, senior development director at Gilbane Development, told Profile Miami.
The deal is one of several public-private partnerships, known as PPPs or P3s, supporting Palm Beach County’s growth that combine public oversight with private funding and expertise. Across Florida and the U.S., the model has gained traction and helped local governments stretch taxpayer dollars and deliver projects faster than traditional methods…