HOUSING

Maris

West Palm Beach, FL 

Multi-Family Residential, Entitled Qualified Opportunity Zone

PROJECT START

January 2019

AT A GLANCE 

Fund Size: $12,000,000


Status: Pre-construction, Fund Open


Strategy: Sale and Cash Flow


Profile:

  • 66-unit
  • Condominiums/Transient Hospitality

GP: PrimeCore QOZ GP II, LLC


QOF: PrimeCore OpZone Fund I, LP


OZB: PrimeCore Flagler OZB, LLC

A luxury waterfront condo development located in the heart of West Palm Beach, Florida. Scuba Club will seek to offer a unique combination of waterfront amenities on the Florida intercoastal within less than 1⁄4 mile north of the transformative, $1 billion Related Group “Marina Village” being developed in joint venture with Rybovich.

The master plan of Marina Village is approved for six residential towers with a combined 1,059 residential units, 61,500 square feet of office space, 25,000 square feet of retail space and 15,000 square feet of restaurants along the water, including dockage facility for 272 mega-yachts. Marina Village is scheduled to break ground in 2019. Maris is close enough to take advantage of all of the amenities provided by Marina Village such as restaurants, retail and a beach club, while creating an exclusive and private oasis for its residents. Some key highlights of Maris project are:

· 28 Luxury Waterfront 3-bedroom condos.
· 7 deep water boat slips.
· 28 units fully entitled.
· Efforts being made to increase density to 64 units.