The Ritz-Carlton Residences, West Palm Beach luxury tower recently secured $200 million in construction financing from Madison Realty Capital.
The 27-story waterfront tower will feature 138 branded residences and is being developed by Related Group and BH Group in collaboration with Marriott International, parent of Ritz-Carlton. Construction is underway, with completion slated for 2028. Over 70% of the units have been sold.
“In just six months, we have driven over $150 million in sales for this project,” said Nick Pérez, president of Related’s condominium division. “The pace has truly been remarkable, and it speaks volumes about buyers’ confidence in the thriving West Palm Beach market.”…