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Kolter Group's Water Club North Palm Beach Hits Over 50% Sold Milestone Equaling $95 Million In Advance Sales

POSTED ON: MARCH 09, 2015

WEST PALM BEACH, Fla., March 9, 2015 /PRNewswire/ -- The Kolter Group announced that it has achieved the development milestone of having over 50% of the residences in Water Club North Palm Beach under contract, equaling over $95 million in advance sales. Water Club's residences are priced from the $700s to penthouses from $2 million plus.

"The condominium towers and villa residences at Water Club have been overwhelmingly received and we anticipate selling out prior to the 2016 project completion date. We are already 6 months ahead of all corporate projections. Once the visitor experiences Water Club with its infinite water views, iconic architectural design and innovative interior design, they want to own a piece of it. I wouldn't recommend waiting to commit to this opportunity," said Bob Vail, president Kolter Urban.

Located at 1280 U.S. Highway 1, in North Palm Beach, the prime location represents one of the last available waterfront locations in the Palm Beaches. Water Club features two distinctive towers, offset to create open sight lines to the water and surrounding area. The carefully planned private elevator design allows through-views in both directions from each residence and optimizes security and privacy.

The resort-style amenities feature a resort-style pool and spa, lap pool, fitness center with yoga/Pilates studio and sculpted beach with fire pits. Water Club represents the rarest of opportunities to live in a significant, contemporary-styled, waterfront condominium. With a floorplan to fit virtually every lifestyle, Water Club's contemporary offering has been a welcome addition to the Palm Beaches.

  • Elegant Tower Residences starting in the $700's and offering eight floorplans ranging from 1,728 to 2,602 square feet.
  • Lavish Penthouse Residences starting at $2 million and encompassing 2,499 to 3,330 square feet.
  • For those who enjoy a single family lifestyle, at the foot of the towers lie twenty luxurious 2 and 3 story villas ranging from 2,412 to 3,065 square feet.

"The residences have been designed for the way people live today. Owners currently desire a larger Great Room plan for entertaining and the expansiveness of the outdoor living spaces reflect the Owner's desire to extend their living area outdoors," said Steve MarcAntonio, Director of Sales.

Recently, Kolter Group has garnered much media interest throughout Florida for its projects which have proven to be the answer to the industry's pent-up demand. Its VUE Sarasota Bay project is also over 50% sold out at about $110 million is sales and ONE St. Petersburg, which recently launched, has already achieved over $85 million in reservations.

The Kolter Group, a diversified real estate development and investment firm that has invested in projects with expected value in excess of $10 billion, is developing Water Club North Palm Beach. Headquartered in Palm Beach County, Florida, Kolter is currently developing in over 20 locations throughout the southeastern United States. For more information about Water Club North Palm Beach, call 561.859-2333, visit www.waterclubliving.com/north-palm or the Water Club Sales Gallery, located at 1280 U.S. Highway 1, North Palm Beach, FL 33408.

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