West Palm Beach, Florida, August 23, 2025
News Summary
Three major hospitality moves are reshaping West Palm Beach: Mr. C Hotel & Residences broke ground after securing a $285 million construction loan for a 146-residence, 110-suite mixed-use tower; a New York–based operator is advancing a 201-room Nora Hotel inside the planned Nora District, a roughly 40-acre, 2 million-square-foot downtown project; and The Belgrove Resort & Spa has opened as a 150-room island-like property with extensive amenities. Together these projects signal strong lender interest, design-forward hospitality expansion and growing investment in walkable, mixed-use neighborhoods in central Palm Beach County.
West Palm Beach development roundup: major groundbreakings, a signature hotel, and a new resort open
Construction activity in downtown West Palm Beach continues to accelerate. The most immediate headlines: a joint venture has started construction on a luxury mixed-use tower after securing a large construction loan; a multi-developer district has advanced to the hotel phase with a new-construction, 201-room property slated to open in 2026; and a 150-room resort and spa has opened to the public near Palm Beach.
Mr. C Hotel & Residences West Palm Beach — financing and progress
A joint venture between two development firms has broken ground on the Mr. C Hotel & Residences at 327 Okeechobee Blvd. The project closed on a $285 million construction loan provided by a specialty lender, with structured representation from a capital advisory group. The residential portion of the development is reported to be roughly 70 percent sold, marking the financing and groundbreaking as significant milestones for the team.
Scope, design and program
The scheme combines 146 luxury residences and a hospitality component totaling 110 hotel suites. Design teams include a noted architecture firm and a hospitality-focused interior studio. The residences draw on midcentury Mediterranean influences for material and finish selection. Shared spaces and private residences are being outfitted with high-end amenities and curated art installations.
Amenities and services
- Garden-level lap pool with private cabanas, poolside bar and lounge
- Fitness center with dedicated rooms for yoga, Pilates and Peloton-style classes
- Full spa with steam and sauna, private treatment suites and relaxation spaces
- Business lounge, library, high-speed private elevators
- Resident and guest services accessed via a custom mobile app
Location context
The site sits within walking distance of major civic and cultural destinations, including a convention center, regional museum and performing arts venue, as well as linear parks and waterfront trail access. The central site location is intended to serve both visitors and longer‑term residents.
The Nora District and The Nora Hotel — district build-out and a flagship hotel
A multi-developer effort is assembling and transforming land north of downtown into a new mixed-use neighborhood. The district footprint is roughly 40 acres, targeting about two million square feet at full build-out and a total project cost above $1 billion. The plan will roll out in phases using both adaptive reuse of existing warehouse buildings and new construction along a pedestrian-focused corridor.
Developer roles and hotel leadership
Multiple development partners have aggregated parcels adjacent to rail corridors and are collaborating on a mixed program of retail, restaurants, residential, office, hospitality and wellness uses. One hospitality operator known for urban boutique properties will develop, design and operate the district’s signature hotel. That operator is a minority investor in the broader district but a principal owner and operator of the hotel element.
The Nora Hotel — specifics
The new hotel is a 201-room build slated to open in August 2026, coinciding with an operator milestone year. The footprint is approximately 150,000 square feet and the estimated project cost is just under $200 million, roughly equating to about $1 million per room. The design approach moved from initial brick and glass concepts to a Mediterranean Palm Beach vocabulary that references early regional architects and railroad-era precedents. A New York-based interior studio is curating the public and guest-room interiors, while an international engineering and design firm serves as design architect and architect of record.
Food, beverage and neighborhood activation
The hotel will feature a ground-floor restaurant from a well-known urban dining brand and a rooftop program that includes garden dining, two bars, a pool and private cabanas. A major restaurant group will support in-room dining and collaborate on rooftop operations. The district plan shows several blocks of cobblestone retail immediately south of the hotel, adjacent rental residential buildings to the west totaling about 800 units, and condominium towers to the north totaling roughly 250 units. Local officials attended the hotel groundbreaking.
The Belgrove Resort & Spa — new resort open near Palm Beach
A new resort and spa has opened roughly a 10-minute drive from Palm Beach and the international airport. The property joins a global soft-brand collection and aims to position itself as a full-service resort with both family and adult-only offerings.
Accommodations, rates and services
- 150 rooms and suites with private balconies and marble-clad bathrooms
- Room sizes starting at approximately 400 sq ft; select executive rooms around 530 sq ft
- Suite and executive guests can access private butler service
- Nightly rates range from about $400 to $5,000 and up, depending on date and room type
- Pet-friendly with a non-refundable pet fee required
Resort amenities and grounds
- Five dining outlets spanning all-day brasserie service, retro poolside dining, garden-focused casual fare and grab-and-go
- Full-service spa with private suites, steam rooms, saunas and an exclusive spa pool
- Fitness center, expert-led yoga, and a racquet center offering tennis, pickleball and padel
- More than 21,000 sq ft of indoor and outdoor event space including ballrooms, meeting rooms and lawns
- On-site access to a private championship golf course; tee times for guests are arranged through resort concierge with mandatory caddie and cart fees
Ownership and future plans
The resort is a partnership between two investment and development firms and is affiliated with a major global hotel loyalty program through a soft-brand collection. The property plans to add 22 luxury villas by the end of next year, potentially offering a managed rental program for villa owners.
Market context and regional links
These projects arrive amid a larger flow of capital and development across South Florida, including recent permanent financing for a large mixed-use site in Miami and earlier multimillion-dollar financing for a West Palm Beach residential project. Market drivers cited by developers and operators include long-term demographic shifts, corporate relocations of private offices and growing local demand for design-driven, neighborhood-focused hospitality that differs from standardized franchised product.
Frequently Asked Questions
What is the current status of the Mr. C Hotel & Residences project?
The project has broken ground and secured a construction loan of $285 million. Residential units are reported to be about 70 percent sold.
How many residences and hotel suites are included in the Mr. C development?
The development includes 146 residences and 110 hotel suites as part of a combined hospitality and residential program.
When will The Nora Hotel open and what is its scale?
The Nora Hotel is scheduled to open in August 2026, with 201 rooms and about 150,000 square feet of hotel space. The project cost is estimated just under $200 million.
What will the Nora District include besides the hotel?
The Nora District will include retail, restaurants, residential rental and condominium buildings, office space, and wellness offerings across roughly 40 acres and about two million square feet at full build-out.
What amenities and offerings does The Belgrove Resort & Spa provide?
The resort offers 150 rooms and suites, five dining venues, a full-service spa, fitness and racquet facilities, event spaces of over 21,000 sq ft, and access to a private championship golf course. Villas are planned to be added by the end of next year.
Are these projects expected to affect the local market?
Developers point to demographic and business shifts that have increased demand for luxury housing, design-forward hotels and new office space, which these projects aim to serve. The new properties are likely to increase local hospitality capacity and add retail and residential options downtown.
Key project features at a glance
| Project | Size / Key figures | Status | Notable features |
|---|---|---|---|
| Mr. C Hotel & Residences | 146 residences; 110 hotel suites; $285M construction loan | Groundbreaking completed; residential sales ~70% sold | Pool cabanas; spa; fitness studios; curated art; central downtown address |
| The Nora Hotel / Nora District | 201 rooms; ~150,000 sq ft; project cost just under $200M; district ~40 acres, ~2M sq ft | Hotel groundbreaking advanced; hotel opening targeted August 2026 | Rooftop pool and dining; adaptive reuse and new construction; mixed-use neighborhood |
| The Belgrove Resort & Spa | 150 rooms; nightly rates roughly $400–$5,000+; >21,000 sq ft event space | Open to guests | Five dining outlets; full spa; racquet center; private championship golf course; villas planned |
Deeper Dive: News & Info About This Topic
Additional Resources
- Multi-Housing News: Terra JV breaks ground on mixed-use development in West Palm Beach
- Wikipedia: Terra JV West Palm Beach mixed-use
- Commercial Observer: Tyko / Mr. C / Terra Sympatico West Palm Beach
- Google Search: Mr. C Hotel & Residences West Palm Beach
- Hotels Magazine: BD Hotels brings New York attitude to West Palm Beach with The Nora Hotel
- Google Scholar: Nora Hotel West Palm Beach
- Forbes: The Belgrove Resort and Spa — a new luxury escape in West Palm Beach
- Encyclopedia Britannica: Belgrove Resort and Spa West Palm Beach
- PR Newswire: What’s new — The Palm Beaches shine in 2025
- Google News: West Palm Beach development 2025
