LONGTIME PALM BEACHER VIC DAMONE DIES AT 89
Seven reserve units in North Palm ranging from $1.4M to $2.6M.
NORTH PALM BEACH — Buyers are eager to reserve one of Kolter’s luxury waterfront condos just south of PGA Boulevard.
Seven people have made reservations since Jan. 1 for one of the 30 condos priced in the $1.4 million to $2.6 million range in the third tower of The Water Club, Kolter Urban Vice President Ed Jahn said. A reservation requires a $10,000 deposit.
There are only two condos per floor, compared with four in the first two towers, he said.
When Kolter built the towers along U.S. 1, would-be buyers asked for more space for their extended families to stay with them, Jahn said. The developers planned a four-bedroom layout, but that drove up the price.
They scaled the floor plans back to three bedrooms because the demand wasn’t as high for four, Jahn said. The smaller of the floor plans, the three-bedroom Indigo, is 2,317 square feet. The larger
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Sapphire is 2,913 square feet, with three bedrooms and a den. Both have 31/2 bathrooms.
Kolter expects to start construction in April and see residents move in by the end of 2019, Jahn said.
on the north side. It doesn’t interfere with their sight lines of the water or the western view of the sunset, he said. The third tower will include “They still have amazing two guest suites on the ground views,” he said. floor so that residents can Kolter offered pre-construc- rent them to visitors for a tion buyers in the second day or two. tower to cancel their contracts
“This way, their guests and recoup down payments don’t have to stay in a hotel. when they realized that towThey can stay right on prop- er’s views of the water could erty,” Jahn said. be blocked. Several buyers
There will be a pool, pickle canceled their deals, but sales ball court and an “occasions” are still strong. room that opens into an outOf the 162 finished condos door events plaza. Not to menand villas in the first phase tion the views. of development, only 14 are
Residents in the third tower left, Jahn said. will have premium views of Kolter purposely delayed the Intracoastal Waterway the start of construction until and ocean to the east, Jahn April to minimize the impact said. The second tower is parto residents in the first phase tially blocking the perspec- who only live here during tive to the north for residents winter season.
“We are going to do our best to be good and friendly neighbors and limit the discomfort that’s going to be caused by construction,” Jahn said.
Closings on the first two towers and villas started in November 2016, and the majority of people have moved in, Jahn said. Investors bought a few units with plans to sell, he said.
Of 162 finished condos and villas in the first phase of development, only 14 are left.