Allen Morris Unveils Oppenheim-Designed Pine Street Residences in West Palm Beach

• The Allen Morris Company is advancing Pine Street Residences, a planned rental tower in West Palm Beach’s growing North Flagler and Currie Park area.
• The latest project reporting identifies 315 rental residences across 14 stories, while some initial coverage cited 305 homes.
• The roughly 1.4-acre site at 1830 North Dixie Highway and adjoining Pine Street parcels was acquired from Savanna for $16.8 million.
• The development is planned with ground-floor retail, a landscaped park centered on a monumental banyan tree, and a curated dining concept, with construction anticipated in late 2027 and completion targeted for late 2029.

What Allen Morris Is Planning for Pine Street

The Allen Morris Company is expanding its South Florida development pipeline with Pine Street Residences, a proposed rental community aimed at young professionals in West Palm Beach. The Coral Gables-based developer will lead the project alongside Savanna, following its $16.8 million acquisition of the approximately 1.4-acre assemblage. Designed by Oppenheim Architecture, the proposal adds rental housing to a corridor increasingly defined by major residential projects. Baker Barrios is serving as architect of record, and the project materials outline approximately 210,000 square feet of residential space and 5,000 square feet of ground-floor retail.

 

 

What the Banyan Tree and Retail Will Add

Pine Street Residences is planned around a landscaped park anchored by a monumental banyan tree, giving the project a public-facing green space rather than a conventional tower-only layout. Curved balconies, planted terraces and pedestrian areas feature in the conceptual designs. The ground floor is expected to include retail and a curated dining concept. For investors, the mix could help create a more active street frontage while giving residents convenient access to everyday services and food options. Specific rents and the final apartment mix have not been announced. The developer is positioning the project toward young professionals seeking design-led rental housing.

 

 

What the North Flagler Corridor Means for Investors

The site sits near Olara and Shorecrest, with Currie Park and other high-profile residential developments helping reshape West Palm Beach’s northern waterfront. These projects are bringing new housing formats and amenities to an area with close connections to the Intracoastal Waterway. The City of West Palm Beach’s Currie Corridor plan also emphasizes public open space, greenways, plazas and connections to the waterfront. That broader planning direction could support a more walkable neighborhood over time, although the pace and impact of future improvements will depend on execution. For landlords and investors, Pine Street represents another proposed rental option in a corridor also attracting luxury condominium development. Its performance will ultimately depend on achievable rents, construction costs, delivery timing and the amount of competing rental supply coming to market.

What Comes Next for the Development

The project materials anticipate a construction start in the fourth quarter of 2027, with completion targeted for the fourth quarter of 2029. Those milestones remain subject to change as the development advances through planning and approvals. The current proposal also follows an earlier, larger plan for the site under Savanna. The partners are pursuing revised entitlements, so the unit count and other project details may continue to evolve before construction begins. Pine Street Residences adds to Allen Morris’ regional portfolio, which includes Ponce Park in Coral Gables and Ziggurat in Coconut Grove. If delivered as planned, it will add a substantial rental community to West Palm Beach’s evolving waterfront corridor.