Terra & Sympatico Break Ground on Mr. C Hotel & Residences West Palm Beach Upon $285M Construction Loan

Key Points

• $285 million construction loan secured from TYKO Capital for the 27‑story Mr. C Hotel & Residences development

• 146 branded luxury condos and 110 hotel suites, now 70% presold ahead of ground‑breaking

• Prime downtown location at 320 Lakeview Ave., proximate to major cultural and civic amenities

A joint venture between Terra Group and Sympatico Real Estate has officially broken ground on Mr. C Hotel & Residences West Palm Beach, backed by a substantial $285 million construction loan from TYKO Capital. With 70% of homes already sold, this project represents a significant leap forward for luxury residential development in downtown West Palm Beach.

Financing & Market Momentum

• The $285M loan represents a major milestone, supported by TYKO Capital, with Aztec Group facilitating the deal

• With 70% of residences presold, the project demonstrates strong demand and early investor confidence

Design & Brand

• Designed by Arquitectonica, with interiors by Meyer Davis, the architecture channels the golden allure of the 1950s Italian Riviera and the local sailing culture

• The project marks the brand’s extension into Palm Beach County, led by Ignazio and Maggio Cipriani, further expanding their hospitality brand’s footprint

Scale & Location

• The 27‑story tower will offer 110 hotel rooms and 146 branded residences, located at 320 Lakeview Avenue, a walkable downtown spot near Okeechobee Blvd

• Completion is expected in 2027, aligning with rising momentum in the West Palm Beach luxury condo market

Amenities & Lifestyle

• Highlight features include: a garden‑level lap pool with cabanas, a poolside bar, spa, high‑end fitness center with yoga, Pilates and Peloton studios, business lounges, library, art‑curated spaces, and a members’ lounge

• Residents will benefit from streamlined service via a custom Mr. C app plus access to Bellini Café, Bellini Restaurant, and rooftop lounge amenities

Regional Context & Developer Activity

• Terra remains deeply active across South Florida, closing a $291M permanent loan for Centro City in Miami and watching a $380M loan backing Savanna’s Olara development move ahead

• The Mr. C project aligns with the rising trend of luxury high-rises emerging across West Palm Beach amid strong demand and limited supply.

Mr. C Hotel & Residences sets an elevated benchmark for West Palm Beach’s luxury condo market. With strong pre‑sales, top-tier design, and strategic downtown positioning, it exemplifies the region’s shift toward refined urban living. For landlords and brokers, this milestone underscores continued investor confidence and rising demand for branded, service-oriented residences in South Florida.

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