335 N Rosemary Ave Shovel-Ready Development Site
Shovel-Ready Condo Development | Plans + Permits | Downtown WPB (64)
Marketing description
A rare, fully entitled development opportunity in the heart of downtown West Palm Beach. 335 N Rosemary Ave is delivered shovel-ready — approved plans and permits in hand — allowing a developer to bypass 6–9 months of design and entitlement work and break ground immediately.
The approved program is a boutique five-level building: six luxury residences across levels 2–4 (Unit A at 1,728 SF and Unit B at 1,679 SF), a 934 SF ground-floor retail bay, and a dedicated rooftop amenity level with pool, deck, and lounge. Total envelope is 21,272 GSF with 10,221 SF of sellable residential A/C area.
The package includes 100% construction documents (architecture, structural, MEP), all DRC and site plan approvals, NWD-5 compliance, agency clearances, utility will-serves, updated ALTA survey, and a complete pre-construction package with GC bid tab and GMP letter.
Projected residential sellout of $10.22M–$11.24M at $1,000–1,100 PSF — boutique inland product at an intentional discount to waterfront trophy towers, with healthy margin for the right operator. Minutes from Clematis Street, the waterfront, Brightline, and the Class-A growth reshaping downtown.
De-risked, design-complete, and ready to build day one.
Investment highlights
Permit-ready boutique condominium development opportunity in the heart of downtown West Palm Beach. Fully entitled, design-complete, and ready for vertical construction — start building day one.
THE OPPORTUNITY
335 N Rosemary Ave is a de-risked, shovel-ready development site delivered with approved plans and permits to be delivered at closing. This is a turnkey entitlement package for a developer, builder, or investor seeking to bypass 6–9 months of design and permitting and move directly into construction in one of South Florida's fastest-growing urban cores.
The approved program calls for a boutique five-level building: six luxury residences (two per floor across levels 2–4), a ground-floor retail bay, and a dedicated rooftop amenity level featuring a pool, deck, and lounge.
BY THE NUMBERS
- 6 sellable residences — Unit A (1,728 SF) and Unit B (1,679 SF) configurations
- 21,272 GSF total envelope
- 13,321 SF of A/C area
- 10,221 SF sellable residential + 934 SF ground-floor retail
- Dedicated 5th-level amenity deck (rooftop pool, deck, lounge)
- Projected residential sellout: $10.22M–$11.24M at $1,000–1,100 PSF
WHAT'S INCLUDED IN THE SHOVEL-READY PACKAGE
- Site Plan & DRC approvals; NWD-5 compliance (height/FAR/parking), traffic & parking letter, landscape plan
- 100% Construction Documents — architecture, structural, MEP, egress, elevator, rooftop/pool details
- Agency clearances — ePZB submittals resolved, utility will-serves, geotech, updated ALTA survey
- Pre-construction package — GC bid tab, GMP letter, value-engineering log, long-lead matrix
LOCATION
Positioned in downtown West Palm Beach, minutes from Clematis Street, the waterfront, Brightline, and the explosive Class-A office and lifestyle growth reshaping the urban core. Boutique inland product priced at an intentional discount to waterfront trophy towers — strong margin headroom for the right operator.
THE BOTTOM LINE
Approved, permitted, and ready to build. This is a rare opportunity to acquire a fully de-risked development site with all design and entitlement work complete — eliminating the timing and execution risk that defines ground-up development.
Contact the Alex + Joe Team at Compass M: 305.712.6522 | [email protected]
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