Inside South Flagler House: Related Ross' $600M-Backed Luxury Resi Tower in West Palm Beach

Key Points

• The 28-story, 105-unit project offers residences starting at $7.9M, up to $73M for large-scale penthouses

• A $600M construction financing debt package includes a $475M senior loan from Bank OZK and $125M mezzanine financing from GoldenTree Asset Management and TZ Capital 

• The two-tower, limestone-clad project by Robert A.M. Stern Architects is set for completion in 2027 with high-end interiors by Pembrooke & Ives

South Flagler House—a new marker of luxury living on West Palm Beach’s waterfront—has officially secured a $600 million financing package, making it South Florida’s largest condo construction deal so far of 2025. The financing, split between a $475 million senior loan from Bank OZK and a $125 million mezzanine loan from GoldenTree and TZ Capital, ensures the development’s upward momentum and market strength. 

Financing Anchor

• South Florida’s largest condo construction loan of the year at $600 million

• Senior loan: $475 million from Bank OZK, which expanded on last year’s $100 million package

• Mezzanine financing: $125 million from GoldenTree Asset Management and TZ Capital

• Construction broke ground in April 2024; completion expected by 2027

Architectural & Design Excellence

• Designed by Robert A.M. Stern Architects (RAMSA), their first Florida residential high-rise

• Architecture nods to early 20th-century Palm Beach estates, with limestone facades and classical detailing

• Interiors by Pembrooke & Ives include natural raffia walls, a pale-blue lattice ceiling, cantaloupe-tone murals, and a verdigris lacquered office

Amenities & Market Positioning

• Health and leisure: 25-meter lap pool, spa with steam and ice plunge rooms, hot tubs, and treatment facilities

• Fitness and activity: pickleball court, yoga and Pilates studios, golf simulator, private training spaces

• Entertainment and work: private dining, wine tasting room, resident offices, lounges, and children’s play area

• Views: Located on the Intracoastal Waterway, offering unbroken vistas of Lake Worth Lagoon, Palm Beach Island, and the Atlantic Ocean

• Market context: Positioned in El Cid, one of West Palm’s most historic districts, amid strong migration and demand in South Florida’s high-end condo sector

With its $600 million in fresh capital and pedigree design team, South Flagler House doesn’t just stand alone—it joins a growing elite tier of ultra-luxury condo developments reshaping West Palm Beach. Alongside The Bristol and Forte, it cements the city’s rise as a serious contender in Florida’s high-end residential market, rivaling Miami in appeal but offering a more private, curated lifestyle. For investors and landlords, the message is clear: West Palm is no longer a secondary play—it’s a primary market for luxury capital and long-term upside.