Not very opportunity arrives on the open market.

And not every development site comes fully entitled, fully designed, and ready to break ground on day one.

335 N Rosemary represents a rare chance to acquire a permit-ready condominium development site in the heart of downtown West Palm Beach—one of the fastest-growing luxury and financial markets in the United States.

As institutional capital, private wealth, and global luxury brands continue reshaping the city, opportunities to secure well-positioned sites with approvals already in place are becoming increasingly scarce.

This is one of them.

The Opportunity

Delivered with approved plans and permits, 335 N Rosemary eliminates the most time-consuming and uncertain stages of ground-up development.

Rather than spending months navigating design reviews, municipal approvals, and permitting, a developer can move directly into construction.

The approved program includes:

• Six luxury condominium residences
• Ground-floor retail space
• Rooftop amenity deck with pool and lounge
• Five-story boutique building design
• Fully coordinated architectural, structural, and MEP plans

This is a true shovel-ready opportunity in a market where entitlement timelines continue to lengthen and development-ready sites remain limited.

By The Numbers

Approved Building Program

• 6 Luxury Residences
• Unit A: 1,728 SF
• Unit B: 1,679 SF
• 21,272 GSF Total Building Envelope
• 13,321 SF A/C Area
• 10,221 SF Sellable Residential Area
• 934 SF Ground-Floor Retail Space
• Rooftop Pool, Lounge & Amenity Deck

Projected Residential Sellout

• $10.22M – $11.24M
• Based on projected pricing of $1,000–$1,100 PSF

Positioned intentionally below waterfront trophy-tower pricing, the project creates meaningful upside while maintaining accessibility to a broader luxury buyer pool.

What's Included

The offering includes a comprehensive development package designed to significantly reduce execution risk.

Entitlements & Approvals

• Site Plan Approval
• Development Review Committee (DRC) Approval
• NWD-5 Compliance
• Traffic & Parking Approvals
• Landscape Plans
• Utility Clearances

Construction Documentation

• 100% Architectural Plans
• Structural Engineering
• MEP Engineering
• Elevator & Egress Plans
• Rooftop & Pool Details

Pre-Construction Package

• General Contractor Bid Tab
• GMP Letter
• Value Engineering Analysis
• Long-Lead Procurement Matrix
• Updated ALTA Survey
• Geotechnical Reports

Every major component required to move toward construction has already been completed.

Why West Palm Beach

West Palm Beach is no longer an emerging market.

It is becoming a destination for institutional capital, financial firms, family offices, and luxury residential development.

The city's transformation is being fueled by:

• Expansion of Class-A office inventory
• Migration of high-net-worth residents
• Continued Brightline connectivity
• Growth of luxury hospitality and branded residences
• Increasing demand for walkable urban living

The result is a rapidly evolving downtown core where development-ready sites are becoming increasingly difficult to acquire.

The Location

335 N Rosemary sits at the center of downtown West Palm Beach's continued evolution.

Minutes from:

• Clematis Street
• The Waterfront
• Brightline Station
• CityPlace / The Square
• Palm Beach Island
• New Class-A Office Developments
• Luxury Residential Towers

This location places future residents directly within the city's most active growth corridor.

The Bottom Line

Most development opportunities require a vision.

This one comes with the vision already approved.

335 N Rosemary offers a rare combination of location, entitlement certainty, construction readiness, and market timing.

Approved.
Permitted.
De-risked.

Ready to build.

Development Package & Private Showings

For plans, approvals, financial details, and private presentations:

Alex + Joe Team at Compass

📞 305.712.6522

📧 [email protected]

CREXI Listing:
https://www.crexi.com/properties/2556864/florida-335-n-rosemary-ave-shovel-ready-development-site