Developers Mast Capital and JCZM Development have plans for a high-rise mixed-use venture in Downtown West Palm Beach.
The unnamed project would measure 24 stories above grade and comprise 88 residences. Although the 0.86-acre site is currently zoned as QGD 10-25 (limiting the maximum height to just 10 stories), the developers intend to utilize various incentives to bypass that restriction. In exchange, it would designate some units as affordable housing; if developers plan to file under the Live Local Act, they would have to designate at least 40 percent of the homes as affordable housing.
While information about the residences themselves is limited, communal amenities would include a 5,700-square-foot clubhouse, a fitness center, and a resort-style swimming pool. In addition to the residences, plans call for 11,118 square feet of ground-floor retail. The venture would also feature on-site parking housed within a covered garage.
Corwil Architects designed the high-rise. The developers have already received approval from the city’s Plans & Plats Review Committee and the Downtown Action Committee. Eventually plans will go before the City Commission…