Riviera Beach, located just north of West Palm Beach and home to the Port of Palm Beach, is experiencing significant growth in residential development. According to an analysis by The Real Deal, nearly 2,000 condos and apartments are currently in the city’s development pipeline.
The city is also pursuing additional projects as it seeks proposals for its 90-acre Marina Village redevelopment, which aims to revitalize the waterfront corridor. Two developers are under consideration by the Riviera Beach City Council for this project: Bob Sonnenblick’s Los Angeles-based Sonnenblick Development and Peter Baytarian’s North Palm Beach-based Forest Development. Both proposals include residential components.
Forest Development is also vying with Kenco Communities from West Palm Beach and Frontier Development & Hospitality Group from Washington, D.C., for a separate 2.2-acre city-owned site that could accommodate several hundred more residential units.
Several major projects make up Riviera Beach’s current residential pipeline:
– Residences at Marina Village at 57 East 12th Street is being developed by Related Group. This eight-story complex will have 149 apartment units aimed at households earning between 30 percent and 110 percent of Palm Beach County’s area median income ($104,000 in 2024). The project received approval in June and secured $100.3 million in construction financing in September.
– Gallery at Marina Village at 1300 Broadway is a partnership between Related Group, BH Group, and Tezral Partners. Planned as a two-tower, 20-story project with 418 apartments, it will also feature retail space, offices, and a parking garage with capacity for 648 vehicles.
– Marina Annex at 251 West 11th Street is being planned by O’Connor Capital Partners along with Urban Farmers and the Riviera Beach Housing Authority. The mixed-use development will include 175 apartments, retail space, and a community center named after Edward Rodgers—the first Black circuit court judge of Palm Beach County—run by the Alpha Phi Alpha Foundation.
– SobelCo has received final approval for its project at 1117 Broadway on a former boat yard site purchased for $12 million in March. The Boca Raton-based developer plans two 20-story buildings and two 13-story buildings totaling 508 condos alongside retail space and a parking garage.
– Estate Companies is developing Soleste on the Trail at 7920 North Military Trail. The four-story complex will offer 255 apartment units on land acquired for $8 million in 2021; it recently secured a $60 million construction loan from BB Americas Bank.
– Forest Development’s Oculina project at 3700 Broadway involves two planned condo towers (25 stories each) with a total of 399 units plus restaurant, office, and retail spaces. In exchange for increased height and density allowances from the city, Baytarian agreed to contribute $4.9 million to Riviera Beach’s affordable housing fund.
With these developments underway or proposed, Riviera Beach continues to expand its role in South Florida’s ongoing real estate boom.
