Developers Plan 24-Story Luxury Tower at 400 Hibiscus Street, West Palm Beach
A new luxury high-rise development has just been proposed in Downtown West Palm Beach, adding to a wave of investment that continues to transform the city’s urban core. Planned for 400 Hibiscus Street, the project is being led by Mast Capital and JCZM Development, with plans calling for a 24-story condominium tower with 88 residences, replacing an existing low-rise structure on the site. The proposal has already cleared several early regulatory steps. It recently went before the city’s Plans & Plats Review Committee and has since received approval from the Downtown Action Committee for a transfer of development rights (TDR). With those approvals in place, the project is expected to eventually move toward a future City Commission hearing for final consideration. The development site spans approximately 0.86 acres and was acquired for $5.2 million in early April of last year. Once completed, the project would effectively complete the surrounding block, which has seen incremental redevelopment over time, including a 10-story apartment building delivered in 2008. Plans submitted to the city indicate a boutique residential offering, with a limited number of large-format units per floor. While pricing and pre-sales details have not yet been released, the project is designed to include a 5,700 square feet private residents’ club, along with a pool deck, fitness center, and additional amenity spaces located on a dedicated level. In addition to the residential component, the tower is expected to include approximately 11,118 square feet of ground-floor retail. Parking will be within a structured podium, which is designed by Corwil Architects to be largely screened from public view through the use of glass and architectural treatments. As part of the approval process, the Downtown Action Committee unanimously supported the transfer of 11,279 square feet of development rights from a property at 610 10th Street. This mechanism allows additional density at 400 Hibiscus Street while preserving the donor site, which includes a historic single-family property. The site is currently zoned QGD 10-25, which would typically limit building height to 10 stories. However, the developer is leveraging both the city’s incentive programs and the TDR framework to achieve the proposed height. In exchange, the project will be required to incorporate a designated portion of affordable housing. City staff expressed support for the proposal during the review process, a position that was echoed by the board. The project arrives amid a broader surge in development activity across West Palm Beach. More than 9,000 residential units are currently in the pipeline, including approximately 2,800 units under construction and over 6,000 units in various stages of review, with even more development planned among office and hotel developments.
Construction Advances on Hub Tampa Fowler & The Mark Tampa, Set to Add 2,000 Beds Near USF
Student housing development is accelerating near the University of South Florida, where two large-scale projects are now rising within close proximity of one another. Hub Tampa Fowler and The Mark Tampa are both under construction just steps apart, and together are expected to deliver roughly 2,000 beds to the area between 2027 and 2028. Hub Tampa Fowler, developed by Core Spaces and Harrison Street, is further along and targeting an early 2027 completion, while The Mark Tampa by Landmark Properties, is projected to follow with a delivery in late 2027 or 2028. The surge in development comes as demand for off-campus housing continues to grow. The University of South Florida has seen rising enrollment in recent years, including a historic incoming class in fall 2025, which increased by 14%. As housing supply tightens, private student housing developments are stepping in to help accommodate the expanding student population. Hub Tampa Fowler Now topped out, Hub Tampa Fowler has entered its exterior buildout phase, with window installation and facade work actively progressing. Portions of the building are already clad in the project’s signature white paneling with wood-toned accents, a design language carried over from the developer’s earlier Hub Tampa project nearby. Installation of balconies is also underway, with structural supports in place; the balconies are expected to feature wood supports paired with metal railings. Juneau Construction is serving as the project’s general contractor. While the residential structure rises five stories, the development also includes a separately constructed seven-story precast concrete parking garage. This construction method is typical for large housing projects due to its cost efficiency and speed of assembly. The garage will provide 758 parking spaces, supplemented by an additional 66 surface spaces located to the west of the site, bringing the total to 824 spaces: well above the 715 spaces required under county code. Located at 12301 Club Dr, Hub Tampa Fowler is being developed by a Chicago-based joint venture between Core Spaces and Harrison Street. According to recent filings with Hillsborough County, the project will include 396 units configured for approximately 1,250 beds. Unit types will range from efficiencies and one-bedroom layouts to larger two-, three-, four-, and five-bedroom configurations. Residents will have access to a range of amenities, including a ground-floor fitness center, a resort-style pool with adjacent lounge areas, and a central courtyard, among other shared spaces. Elevations prepared by Northworks indicate the building will rise to approximately 60 FT to the roofline, or about 72 FT when measured to the top of the parking structure. While the height is consistent with other nearby student housing developments, the project’s overall scale is notable. The development spans approximately 702,361 SF, composed of roughly 450,000 SF of interior space and over 250,000 SF dedicated to the open-air parking structure. The Mark Tampa The Mark Tampa, developed by Landmark Properties, is now in the vertical construction phase, with significant progress visible across the site. Crews are actively assembling the project’s precast concrete parking structure, which will ultimately accommodate 522 structured parking spaces. An additional 123 surface spaces are planned around the perimeter, bringing the total parking count to 645. The building’s vertical cores are rising along the eastern portion of the site, with concrete structural columns for the lower residential levels taking shape. Work is progressing upward as the second level begins to take shape. The building will feature a traditional 5-over-1 construction method, with the first floor being concrete and the subsequent floors constructed with wood. The project team includes Landmark Construction, an affiliate of the developer,serving as general contractor, alongside Bohler Engineering and Dwell Design Studios as the architect. Project materials and leasing information have also begun to surface online, highlighting an extensive amenity package. Planned features include a resort-style pool deck, clubhouse, sports simulator, sauna, multiple courtyards, a fitness center, and dedicated study and computer lab spaces. At full buildout, The Mark Tampa will deliver 215 units configured for 807 beds, with a mix of studio through five-bedroom layouts. Residences are expected to include in-unit laundry, laminate flooring, quartz countertops, high ceilings, and private balconies in select units. In addition to residential space, plans call for approximately 988 SF of ground-floor retail, along with a large lobby and shared common areas. The six-story structure will rise to approximately 79 FT at its highest point, with a facade composed of expansive glazing and a mix of blue, cream, and brown facade materials.