Related Ross has closed on a $157 million construction loan for Shorecrest, a modern collection of distinctive waterfront condominium residences in West Palm Beach and a key component of the firm’s expansive vision for the future of the South Florida city. With construction financing provided by GoldenTree Asset Management, construction is now set to begin on the new waterfront tower, introducing bespoke architectural design and a wellness-infused lifestyle – including amenities and services curated in partnership with Equinox – to the reimagined North Flagler Drive neighborhood. With commanding views of the Intracoastal Waterway and adjacent Palm Beach Island, and easy connectivity to downtown West Palm Beach and Related Ross’s thriving CityPlace, Shorecrest will elevate one of West Palm Beach’s most exciting corridors.
Demolition and site preparation will begin this month, with groundbreaking for the tower slated for the spring. Completion is expected in 2027, and current availability is priced from $3 million.
“The closing of this construction loan marks an important step forward for Shorecrest and speaks to the market’s confidence in the project’s quality, location, and long-term value,” said Bryan Cho, Executive Vice President at Related Ross. “GoldenTree Asset Management’s commitment reinforces the momentum we’re seeing in West Palm Beach’s luxury residential sector.”
Situated at 1865 North Flagler Drive, Shorecrest will rise 28 stories and comprise just 98 luxury waterfront residences offering impressive vistas of the Intracoastal Waterway, Atlantic Ocean, and Palm Beach Island. Designed by critically acclaimed Roger Ferris + Partners, the tower’s architectural façade serves as a striking modern statement, while just four residences per floor ensure that the light-filled two- to three-bedroom homes by international design firm Rottet Studio feel both refined and intimately connected to West Palm Beach’s coastal landscape.
Shorecrest is leading the way in turning the North Flagler neighborhood into a new luxury destination just across the Intracoastal Waterway from Palm Beach Island. Its 18,355 square feet of thoughtfully curated amenities are designed to support an uninterrupted, distinctly South Floridia experience anchored by a partnership with Equinox. Offerings include a golf simulator, executive meeting spaces, an onsite residents-only Lifestyle Director, a game lounge, a private dining room, and a rooftop pool deck featuring a 75-foot lap pool, complemented by a hot tub, cold plunge, and his-and-hers spas with dedicated sauna and steam rooms.
The financing builds on Related Ross’s growing momentum in West Palm Beach, where the firm is actively advancing a series of residential projects that are redefining both the waterfront and the city’s urban core. Recent achievements include the topping out of South Flagler House, a two-tower ultra-luxury waterfront condominium located two miles south of Shorecrest and expected to open in 2027, as well as the successful lease-up of The Laurel, a 322-unit luxury rental community at CityPlace that is closely woven into downtown West Palm Beach.
Shorecrest represents the next phase of Related Ross’s long-term vision for the city, anchoring the transformation of the North Flagler waterfront into a vibrant, walkable neighborhood with direct connections to downtown, Brightline, and the multimillion-dollar revitalization of Currie Park. As part of the firm’s more than $10 billion investment in West Palm Beach, the project reflects a continued commitment to elevating the city’s global profile through sustained economic growth, innovation, and year-round urban vitality.
Sales for Shorecrest are being led by Corcoran Sunshine Marketing Group.
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Related Ross has closed on a $157 million construction loan for Shorecrest, a modern collection of distinctive waterfront condominium residences in West Palm Beach and a key component of the firm’s expansive vision for the future of the South Florida city.