WEST PALM BEACH, FL – Index Investment Group and Navarro Lowrey gave a unanimous 7-0 vote for the City of West Palm Beach Commission to approve the site plan for their newest multi-family rental community, Centrepark Residences, in the heart of West Palm Beach known, Florida.
Centrepark Residences will be a state-of-the-art, multi-family rental community aimed at young professionals and located just outside of downtown West Palm Beach. It offers easy access to major highways and employment centers, as well as protected bike paths connecting Centrepark Village (will now be known as Centrepark) in the Warehouse District and Howard Park. The property is located at 1885 Centrepark Drive East, West Palm Beach.
“Navarro Lowrey and I have been personally involved with Centrepark since 1994. First, to revive it as an acceptable address for businesses in West Palm Beach, second, to develop hundreds of thousands of square feet of office space, and now finally to complete the transition to the park. A real, mixed-use community that we will refer to as Centrepark Village. I am honored to work with Index Investment Group on this endeavor. They bring a wealth of experience that has successfully contributed to the development of thousands of Florida apartment buildings and that perfectly complements our track record in West Palm Beach. “- Frank Navarro.
Index Investment and Navarro Lowrey acquired the property in August 2019 and look forward to breaking new ground in the coming months with expected completion in the first quarter of 2023. The property is on 2.2 acres adjacent to popular local entertainment and restaurant destinations within the Warehouse District and downtown. The development includes 231 units of multi-family rental apartments with an average of 924 SF. The building will be 8 stories high with a 7th floor pool deck, 24 hour business / conference center, integrated cafe / retail, outdoor fitness lawn, club room and sunset lounge, storage, bike repair & Storage, parcel and grocery delivery areas. Security through access control and video surveillance, as well as landscaped hiking trails and greenways.
Index has made significant investments in the Florida multi-family rental market and commercial space. The Jupiter-based real estate investment company has completed and completed 22 developments in central Florida through to The Keys. Navarro Lowrey has owned Centrepark since 1994 and develops, leases and manages a portfolio of over 500,000 RSF office space in the Centrepark Office District.
Source: Index Investment Group / Navarro Lowrey
