Related Urban BH Group And Tezral Partners Receive Approval For 418-Unit Apartment Complex In Riviera Beach

Key Points

•  418-unit, two-tower project wins initial approval on city owned waterfront land
•  Market-rate rents projected between $2,500 and $4,000 per month
•  Part of a 90-acre Marina Village redevelopment competing with hotel and convention center proposalssubmarket.

The Development Plan

Gallery at Marina Village will rise on 2.45 acres bordered by Broadway, East 12th Street, Avenue C and West 13th Street. The project calls for two 20-story towers totaling 418 units, along with 3,000 square feet of retail and 3,000 square feet of office space. The unit mix leans heavily toward larger layouts, with 190 two bedroom apartments and 38 three bedroom units, alongside 152 one bedrooms and 38 studios. Amenities include a fitness center, coworking space and a ground floor pool deck. A nine-level garage will provide 652 parking spaces, roughly 25 percent below the 863 spaces required by city code. That reduction signals a push toward higher-density, walkable waterfront living. The proposal now heads to the Riviera Beach City Council for final approval.

Market-Rate Focus With Workforce Flexibility

The project is designed as market rate housing, with expected rents ranging from $2,500 to $4,000 per month. Planning board members encouraged adding workforce housing, and the development team expressed openness to the idea. In Palm Beach County, workforce housing targets households earning up to 120 percent of area median income, currently about $98,000 and projected to rise to $108,000. That threshold allows near market rents while addressing local affordability concerns. For landlords, this approach offers flexibility. Developers can preserve strong rent potential while maintaining alignment with public policy goals.

Strategic Positioning Within Marina Village

The site sits next to Residences at Marina Village, a 149 unit affordable and workforce project by Related Urban and Tezral that is nearing completion. Delivering multiple projects within the same district creates operational efficiencies and strengthens neighborhood branding. Both developments are part of Riviera Beach’s 90-acre Marina Village Master Plan, launched to revitalize city owned waterfront land. The broader plan includes condos, hotel rooms, waterfront retail and recreational amenities built into a parking structure. Related Urban’s team is one of three bidders competing to develop 12 acres within the master plan. Rival proposals include a large convention center with hotel and condo components, as well as a Margaritaville-branded mixed-use concept. The city’s ultimate decision will determine whether the district leans more heavily toward residential density or tourism driven commercial uses.

Final Takeaway

The 418-unit Gallery at Marina Village underscores growing investor confidence in Riviera Beach’s waterfront and Palm Beach County’s rental demand. With strong projected rents, phased development momentum and master-planned scale, this project positions Marina Village as a submarket to watch closely in South Florida’s multifamily pipeline.