The Toronto-based developer Great Gulf has launched plans for La Clara, their 25-story luxury condo tower coming to West Palm Beach. La Clara will be located at 1515 South Flagler Drive and will feature 83-residences. Great Gulf, who acquired the site for $24 million in September 2016, expects to break ground in March 2019 and deliver the building in 2021. The building is being designed by Hariri Pontarini Architects.
Residences at La Clara will range from 1,500 SF to 4,000 SF with a selection of penthouse layouts. Each residence will also come with at least 2 parking spaces. Amenities will include a state-of-the-art fitness center with yoga studio, spa, outdoor garden, dog spa, club lounge, theater, conference room, business center, wine tasting room with storage and a resort style pool.
Sales are expected to launch in Q1 2019 and will be overseen by Chris Leavitt, Alison Newton and Joey Columbo of Douglas Elliman Development Marketing. Pricing will range from $2 million to $5 million. The deposit schedule will be 10% down at contract, an additional 10% six months later and an additional 5% the following year.
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