January 08, 2016 12:00PM
By Dan Weil
Plans include a Marriott AC Hotel, 300 apartments, 50,000 sf of retail and commercial space
When it comes to the apartments, West Palm desperately needs more, particularly downtown, local real estate pros say. “Housing is as tight as I’ve ever seen it,” Rebel Cook, president of Rebel Cook Real Estate, a commercial real estate services firm based in Palm Beach Gardens, told TRD.
On the retail side, Reichel thinks the project can do well with “incubator” spaces of 500 to 800 square feet. But Cook sees uncertainty for the retail component. “It’s a block away from Clematis Street — the main thoroughfare of downtown — and retailers are having a hard enough time there,” she said.