From remaining: NDT Development co-founders Damien Barr and Ned Grace along with 418-444 Nottingham Boulevard in West Palm Beach (Google Maps, NDT Advancement)
A partner in the Nora District that is slated to breathe existence in a very long-ignored element of downtown West Palm Beach is zeroing in on a different region that developers have glossed about for several years.
Ned Grace and Damien Barr’s NDT Progress amassed 1.6 acres on the south aspect of Nottingham Boulevard, from South Dixie Highway west to the Florida East Coast Railroad tracks, in West Palm Seaside, with ideas to construct luxurious townhouses, The Palm Seaside Put up documented.
The properties were assembled in various deals for in excess of $3 million, records clearly show. They consist of vacant land, a roadside inn and community accumulating location El Bonche Bar.
The prepare is for 16 townhomes, ranging from 2,500 square feet to 3,000 sq. feet, priced at around $1.5 million. Presales could commence at the conclusion of this calendar year or early future year, although the venture is pending a metropolis review that is predicted in the upcoming two months.
Tommy Frankel’s Frankel Enhancement Enterprise, with places of work in Jupiter and Philadelphia, is partnering on the layout of the townhouses.
The project would increase to the growth of the location, which is observing development action and increasing authentic estate price ranges spilling in excess of from much more appealing nearby communities, these kinds of as South of Southern, or SoSo. Douglas Elliman agent Burt Minkoff informed The Palm Seaside Article the entire South Dixie corridor is poised to become “the new Tribeca.”
West Palm Beach-based NDT is made use of to producing actual estate plays on locations that have been handed around for a long time. In partnership with Joe Furst’s Miami-centered Area Assignments, NDT is redeveloping 40 acres in a northern component of downtown West Palm.
Christened the Nora District, it spans from Palm Seaside Lakes Boulevard south to Quadrille Boulevard and from Dixie Freeway west to the FEC Railway tracks.
Position Projects and NDT’s first get of small business, in partnership with Wheelock Street Money, is repurposing the warehouse row alongside Railroad Avenue into searching, dining and offices. Completion is anticipated in early 2024.
The vacant a lot on the northern Nora area will be designed with mixed-use properties, and the residential midsection will be preserved.
Furst, amongst the pioneer developers who aided remodel Miami’s Wynwood, and NDT worked with the metropolis of West Palm to get the Nora District rezoned last 12 months.
— Lidia Dinkova
