New luxury condo to rise in South Palm Beach

3550 South Ocean condo, set for South Palm Beach

3550 South Ocean condo, set for South Palm Beach

Make way for more luxury condos, this time in South Palm Beach.

The site of the former Hawaiian Inn soon will be the location of 3550 South Ocean, a six-story, 30-unit condominium.

The project is the first new condo on South Palm Beach in more than a decade.

And it will come with all the whistles: Floor to ceiling windows. Private beach access. And an oceanfront swimming pool.

Developed by DDG, the project’s units start at $2.3 million for a 2,873-square foot two bedroom/three bathroom unit with a private terrace.

Three bedroom units and penthouses are included, too, but prices aren’t yet available.

DDG just unveiled the condo’s website, and sales are expected to start later this year.

Last week, developers held a groundbreaking of The Bristol, an ultra-luxury condo planned for West Palm Beach, along Flagler Drive.

The 3550 S. Ocean Blvd. site formerly was home to the Palm Beach Hawaiian Oceanfront Inn and designed in a Polynesian style.

Over time, it became known simply as the Hawaiian Inn and featured a popular waterfront restaurant.

The property was purchased years ago by an investor group that wanted to build a 14-story condo hotel. But the property fell into bankruptcy.

In 2012, a DDG affiliate paid $8.25 million for the property. It was knocked down last year.

This is the first foray into Florida by DDG, a New York and San Francisco-based company that blends high-end residences with art world collaborations.

The company’s website says it has acquired, designed and developed more two million square feet of property on the East and West Coasts.

 

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