The community, called Centrepark Residences, will be built in the heart of West Palm Beach. It will be a multifamily rental community targeting young working professionals. The property is located at 1885 Centrepark Drive East, West Palm Beach.
Index Investment and Navarro Lowrey acquired the property in August 2019 and are looking forward to breaking ground in the coming months with anticipated completion first quarter 2023. The property is a 2.2-acre parcel just down the street from popular local entertainment and restaurants destinations within the Warehouse District and the Downtown. The development features 231 units of multifamily rental apartments averaging a spacious 924 sq. ft.
The building will be eight stories and feature a 7th floor pool deck, 24-hour business/conference center, integrated café/retail, outdoor fitness lawn, club room & sunset lounge, storage, bike repair & storage, package & food delivery areas, security via access control & CCTV as well as landscaped walking trails and greenways.