The Estate Companies recently secured a $72.5 million construction loan from Synovus Bank for their latest project, Soleste Palm Station. This development will consist of two 8-story buildings with a total of 321 luxury rental apartments located at 520 N. Rosemary Ave in downtown West Palm Beach. Construction is expected to begin in Q4 of 2024.
Spanning over an impressive 298,371 square feet, Soleste Palm Station will offer a variety of living options including studios and one-, two-, and three-bedroom apartments ranging from 330 to1,265 square feet.
Residents can look forward to top-of-the-line amenities such as a pool with cabanas, health club featuring yoga and spin rooms as well as on-demand fitness classes. The complex also boasts social and gaming lounges, co-working spaces in the cyber lobby area, dog park with pet washing station services available on-site , dry cleaning and laundry facilities , fully equipped outdoor summer kitchen,and electric car charging stations.
Soleste Palm Station’s prime location puts it just minutes away from the Brightline high-speed train station making it easily accessible for residents looking to travel within the tri-county region or beyond . With previous experience developing approximately4 ,000 rental units along with153 ,000 square feetof commercial space throughout this region,the Estate Companies are well-equippedto deliver another successful project that meets the highest standards of luxury living.
