South Florida-based Affiliated Development and the City of West Palm Beach have partnered to further build The Spruce, an 8-story 270-unit apartment building with garage parking and a ground floor cafe. Construction is expected to start this fall.
West Palm Beach City Commission granted approval for special site plan review and approved an agreement between the City’s Housing & Community Development department and developer, locally-based Affiliated Development, for workforce housing incentives. The developer will receive $2.5 million in grant proceeds over a three-year period as well as fee waivers and reductions offered by the department.
Located on Spruce Avenue between 24th and 25th Streets, The Spruce will include 270 units, a parking garage and ground floor retail space. The building will feature a rooftop pool, sports bar themed “pub room”, co-work lounge, fitness center with spin/yoga studio, a pickleball court and gated off-leash dog park. Eighty units will have restrictions at 100% of the Area Median Income, 10 restricted at 80% of the Area Median Income. Units will start at $1,380 per month.
“Affiliated Development is committed to addressing South Florida’s workforce housing crisis,” said Affiliated Development president Nick Rojo. “With the influx of new residents and businesses flocking into West Palm Beach, there couldn’t be a more critical time for us to build this type of product.”
It’s the second public-private-partnership development between Affiliated and the city. The Grand, a 309-unit mixed-use development located off Rosemary Avenue in the Historic Northwest neighborhood in downtown West Palm Beach is on schedule for completion in May. The developer’s $85 million project will represent the single largest investment into the Historic Northwest neighborhood in history.
“This is an example of public private partnership at its best. I am proud that we are adding 284 additional workforce housing units to our great City, which means workers will have affordable housing close to work,” said Mayor Keith James. “I am excited to share that we have surpassed our goal of 600 units in my first four-year term and we will continue to push forward our vision to deliver even more units of workforce/affordable housing for our residents and growing community.”