WPB Fern Holdings LLC — a partnership between L&L Holding Co., Wexford Real Estate Investors (WREI) and 13th Floor Investments — has acquired a prime development assemblage in the heart of downtown West Palm Beach, Fla., through a newly formed joint venture partnership.
The 2.6-acre assemblage encompasses nearly a full city block bounded by Fern Street, Gardenia Street, South Quadrille Boulevard and South Dixie Highway. The site is ideally situated a short walking distance from the West Palm Beach Brightline high-speed rail station and across the street from Rosemary Square, an upscale dining, shopping and entertainment destination.
With the development site fully assembled, the partnership is now beginning pre-development planning and design work for the project, which is expected to incorporate hundreds of highly amenitized luxury rental apartments along with community-oriented shops and restaurants at street level.
“As residents and business owners
