The luxury Azure condominium in Palm Beach Gardens, now under construction, will break ground on its second phase on Aug. 24.
But this second building will be a little different from the first building.
Developer Tom Frankel said residents moving from large homes with 7,000 square feet or more wanted more space, so he redesigned the second building to meet demand.
Plans were for the second building to have 67 units. But due to demand for big condos, the number of units was cut to 55, with each about 5,000 square feet in size.
The bigger-is-better trend surprised Frankel, who was worried that 2,700 square feet in the first building would be too large for some buyers.
But then a couple of buyers ended up combining units to create a 6,000 square foot unit. More would have done the same, but there weren’t enough condo units left, Frankel said.
The property is off of Donald Ross Road, near the Loggerhead Marina.
Buyers at Azure will be able to enjoy two swimming pools, a putting green and fitness center with steam rooms and saunas. The property spans 14 acres.
Of 55 units planned in the second, five-story building, 37 already are pre-sold, Frankel said.
The first building is nearly sold out, with 45 of 46 luxury units sold. Prices range from the $900,000s to $3 million. Construction on the first building is nearly complete, and Frankel said residents will be moving in by October.
Residents in this first building will be able to reside in units ranging from 2,600 to more than 5,000 square feet, with additional covered terraces overlooking the marina.
Buyers have been a mix of local residents moving in from nearby country club communities and buyers from the Northeast seeking second homes.
Frankel said condo sales in January were slow, due to the stock market’s roller coast performance.
But the stock market roared back and so have sales. The past few months more than made up for the sluggish 2016 sales start, Frankel said.