VERDEX BREAKS GROUND ON RELATED’S NEW TOWN SOUTHERN APARTMENTS
A new neighborhood in Royal Palm Beach now is under construction. The 392-unit Town Southern Apartment complex is being built by The Related Group, a Miami-based developer. The company paid $12.5 million for the site in 2016.
Town Southern sits on 29 acres south of Southern Boulevard and west of State Road 7. When completed, it will include 15-three story apartment buildings, a pool, tennis courts, clubhouse and more, according to a news release.
The apartments will have attached garages and models will include one, two or three bedrooms, according to a Related website promoting Town Southern.
“The rental market in South Florida is very active with Palm Beach County as a hot spot for multifamily development,\” said Rex Kirby, president of Verdex Construction, which is building the complex for Related.
This marks Related Group’s first project with West Palm Beach-based Verdex, according to a news release. Verdex also is building 1000 North, a Jupiter restaurant co-owned by NBA superstar Michael Jordan, and the new Canopy Hotel in downtown West Palm Beach.
Source: The Palm Beach Post