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Kolter Urban Announces 50 Percent Sales Milestone at Water Club North Palm Beach's Encore

POSTED ON: FEBRUARY 06, 2020

Kolter Urban Announces 50 Percent Sales Milestone at Water Club North Palm Beach's Encore

The luxury condominium development is reporting over $30 million in sales

Kolter Urban, a Delray Beach-based real estate development and investment firm, is pleased to announce Water Club North Palm Beach's Encore has sold over 50 percent of its residences. This announcement follows the resounding sales success in Phase I of Water Club. The boutique tower, slated for delivery Fall 2020, is reporting over $30 million in sales, with only 14 luxury residences remaining.

“The success of sales at Water Club speaks to the strength of this development and the Palm Beach market,” said Bob Vail, president of Kolter Urban. “Our buyers want easy access to shops, restaurants and entertainment all while having direct waterfront access from their building. Water Club is one of the few new developments offering all of this and more. We are looking forward to delivering The Encore Tower in 2020 and welcoming new residents.”

Located just off PGA Boulevard Water Club's third and final tower, is slated for completion in 2020 with units priced from $1.46 million. Once the 19-story tower is complete, Water Club North Palm Beach will feature three architecturally distinctive luxury condominium towers and 20 villas designed by Randall Stofft Architects with interiors by Bob Martin of The Decorators Unlimited. KAST Construction is the general contractor for the Encore Tower with landscaping by Intuitive Design Group.

The addition of Encore Tower will bring the amenity space at Water Club to over 85,000 square feet. The amenity offering features two resort-style pools and a lap pool, male and female spas complete with treatment rooms, fitness centers and yoga/Pilates studio, expansive sundecks and a regulation pickleball court. For events, a media room, full catering kitchens and an indoor/outdoor bar are available for residents to host events. Residents can also reserve one of the two Guests Suites where guests can stay comfortably. The pet-friendly development also offers a dog park. Additional outdoor amenities include a beach-inspired relaxation area, gas-fed fire pits, and a day dock.

For more information about Water Club North Palm Beach and the development's third tower, please visit http://waterclubencore.com/

About Kolter Urban

Headquartered in Delray Beach, Florida, and winner of numerous industry awards, Kolter Urban has introduced a vision for luxury that is continually raising expectations for homebuyers and establishing new standards for the industry. Kolter Urban has completed or is in the process of developing over $3 billion of residential projects including over 2,800 waterfront, water view and amenity-rich urban condominium and townhome residences. These exceptional residences are located in some of the most desirable locations in Florida and the Southeast, including the Palm Beaches, Fort Lauderdale, Sarasota, St. Petersburg, Tampa and Atlanta.

About The Kolter Group

The Kolter Group is a diversified real estate development and investment firm that has invested in projects with expected value in excess of $15 billion. Headquartered in Delray Beach, Florida, the company is among the most experienced real estate investors in the Southeast, having executed investments across major asset classes and all stages of the development cycle. Kolter's portfolio of complementary businesses drives an entrepreneurial culture and allows the company to adapt to change and choose investments on a selective basis. Today, Kolter has over 850 team members across its affiliated business units in the southeastern United States and has created award-winning communities, luxury high-rise condominiums and branded hotels. For more information please visit https://www.kolter.com/