Concept aerial showing the Mr. C construction site, the Nora Hotel district and The Belgrove Resort amid new downtown redevelopment.
West Palm Beach, Florida, August 23, 2025
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
The project has broken ground and secured a construction loan of $285 million. Residential units are reported to be about 70 percent sold.
The development includes 146 residences and 110 hotel suites as part of a combined hospitality and residential program.
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.
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.
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.
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.
| 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 |
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