The Kolter Group Announces Second Luxury Condominium Development in Florida this Year

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With Kolter’s Water Club Snell Isle in St. Petersburg, Fla. under construction and the near sell-out of 4001 North Ocean in Delray Beach, the Palm Beach-based developer now opens its Sales Gallery for a third waterfront condominium development, Water Club North Palm Beach.

We feel this is the ideal time for a waterfront community like Water Club in North Palm Beach. - Kolter Urban President Bob Vail

The Kolter Group announced today the opening of the Sales Gallery for Water Club North Palm Beach, a new waterfront community of twin 22-story luxury condominium towers and 20 waterfront villa residences.

Located at 1280 U.S. Highway 1, Water Club North Palm Beach will feature a total of 166 two- and three-bedroom residences, including 12 penthouses and 20 villas. The luxury condominiums, priced from the $700s, range in size from 1,728 to 2,602 square feet, with Penthouse Residences ranging from 2,499 to 3,330 square feet. Construction is slated to begin April 2014.

The design of the two architecturally distinctive towers allows for impressive through-views to incorporate the panoramic vistas of the Atlantic Ocean, Lake Worth Lagoon and the Intracoastal Waterway. Each of the condominium residences features expansive great rooms, spacious living areas, dens and two oversized terraces. Private access elevators take tower residents from the secured covered parking and storage areas to their residence.

Water Club’s seven-acre waterfront site offers a private, resort-like setting that includes a Resident’s Club with owner’s lounge, resort-style pool, spa, lap pool and fitness center as well as a yoga and Pilates studio, and steam and sauna rooms. Owners can gather around the fire pit and outdoor seating areas or kayak along the Intracoastal Waterway. Boating enthusiasts will enjoy dedicated boatslips, as well as the convenience of the adjacent full-service Old Port Cove Marina, with additional state-of-the-art floating docks, high-speed fuel pumps and full maintenance service.

Water Club North Palm Beach marks the second luxury condominium development start for Kolter this year. Recently, Kolter broke ground on Water Club Snell Isle in Tampa Bay, Fla. which has recorded more than $14 million in sales since August. “Buoyed by the excellent reception of our product in St. Petersburg and our near sell-out success of 4001 North Ocean in Delray Beach, we feel this is the ideal time for a waterfront community like Water Club in North Palm Beach,” said Kolter Urban President Bob Vail. “The overall economy is steadily improving and real estate inventory continues to diminish while the pent-up demand for luxury condominiums in this area continues to grow.”

“We have already seen a lot of interest from potential buyers who feel that this is an exceptional value for a luxury lifestyle on the waterfront in North Palm Beach,” added Kolter Vice President of Sales Ed Jahn. “Water Club combines the best of both worlds; the luxury and privacy of this waterfront enclave and the close proximity to everything the Palm Beaches has to offer.

The on-site Sales Gallery for Water Club North Palm Beach is now open. Hours are Monday through Saturday 10 a.m. until 5 p.m. and Sunday noon until 5 p.m. Those interested in more information can register for updates at http://www.waterclubliving.com/north-palm/ or call 877-859-2333.

About Kolter:
Headquartered in Palm Beach County, The Kolter Group is a privately owned full spectrum investment, development and construction firm. Since 1993, Kolter and its affiliates have entered into over $10 billion of real estate transactions. Financially strong, forward thinking and committed to the future, the company has a growing portfolio of more than 40,000 fully amenitized residences throughout the southern United States. Recognized as one of Florida’s leading developers, Kolter brings more than 17 years of experience in Florida development and construction to each of its communities. For more information about the developer and their communities, visit http://www.Kolter.com.

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Mickey Liera

Anne Sullivan
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