Tortoise Properties Newest Residential/Retail Development in West Palm Beach
Construction has begun on Tortoise Properties’ newest mixed-use residential development in downtown West Palm Beach that will give rise to two eight-story apartment towers that will be connected by a floor-to-ceiling glass skybridge suspended over Eucalyptus Street. Built on 2.5 acres on two parcels at 740 and 840 North Dixie Highway, the Class-A luxury apartment community will feature 264 studio, one and two-bedroom residences with 3,400+ square feet of lifestyle retail frontage on Dixie Highway and 371 parking spaces.
An $88+ million construction loan from Acore Capital propels this mixed-use development forward in a fundamentally strong market while at the same time reinforces lender confidence in the demonstrated track record and strength of Tortoise Properties and its residential and commercial projects. Tortoise Properties acquired the site-plan approved project in December 2021 and then led an experienced and diverse project team to efficiently and timely obtain the necessary permits and approvals required to commence construction.