Florida Construction News staff writer
Savanna has started demolition of the building of a West Palm Beach building to make way for a condo tower overlooking the Intracoastal Waterway.
The 80,000-square-foot development will include a private marina and restaurants. A groundbreaking is scheduled for this fall.
Construction will be led by SavCon and Gilbane, and completion is slated for 2026.
“We’re thrilled to reach this exciting milestone and begin the first phase of construction for Olara,” said Peter Rosenthal, chief development officer of Savanna. “The vision for Olara was to re-invent and re-invigorate West Palm Beach. Between acquiring the property and working with our architect, Arquitectonica, on a modern design, the plans have been years in the making, so seeing the project start to come to life is really special.”
Olara, a 26-storey waterfront tower will include 275 units. It was designed by Bernardo Fort-Brescia, founding principal of award-winning architecture firm Arquitectonica.
Amenities include a resort-style swimming pool with private cabanas, fitness center and spa designed by The Wright Fit, as well as 30,000 square feet dedicated to a restaurant and epicurean marketplace.
“As the sister company of Savanna, also expanding in South Florida, SavCon is proud to be working alongside Glibane to build West Palm Beach’s most desirable waterfront destination,” said Eric Desimone, CEO of SavCon. “We truly believe that Olara is going to change the landscape of the area, and we’re honored to have a role in bringing this project to fruition.”
Situated along North Flagler Drive to offer views of the Intracoastal and Palm Beach Island, Olara will provide an expansive four-acre oasis that’s easily accessible to some of the area’s most coveted dining and shopping destinations. Residents are in within minutes of white-sand beaches, Palm Beach Island, and downtown West Palm Beach’s four retail and entertainment districts: