Another new condominium could be coming to a posh section of West Palm Beach just south of the downtown.
But this condo has a few twists.
The tower will feature only 16 units, the first of its kind in the city. In addition, the tower will have a new private membership club inside it.
The still-unnamed project is a creation of Easton Street Capital, a Palm Beach firm consisting of executives from the Frisbie Group real estate firm. Frisbie Group now is a family office.
Easton Street’s new condo tower is planned for a half acre at 201 and 203 Arkona Court, just east of Olive Avenue.
In a June 22 interview, Easton Street principal co-founder Rob Frisbie Jr. said the tower will play off the planned expansion of the Norton Museum of Art, as well as a planned museum “culture” garden directly to the north of the Arkona Court site.
“The building will complement the museum,” Frisbie said.
The new private club also will be a place where residents, and members of the public, including students from nearby Palm Beach Atlantic University, will be able to gather for art and other cultural activities, Frisbie said.
In addition to paid memberships, Frisbie said the plan is to offer free memberships to different non-profit organizations throughout the city.
Frisbie stressed that the club will be small, only 7,000 square feet.
The condo tower project is set to be discussed on June 25 by the city’s plans and plats committee, a first step in the approval process.
The tower could have extended farther to the east if residents of the Norton Park Place condominium complex at 1501 S. Flagler Drive were willing to sell their waterfront units to the Easton Capital group. The nine-story complex, built in 1984, consists of 64 units.
However, Norton Park Place unit owners weren’t interested in selling, Cody Crowell, Easton Street Capital co-founder, recently confirmed
Some rival real estate developers are courting owners of other older condominiums along Flagler Drive that need expensive updates. These developers hope condo owners who can’t afford to pay for repairs will instead be willing to sell units to developers who would tear down the older buildings and construct new pricier condo complexes.
But Norton Park Place condo owners weren’t interested in selling units in their waterview condominium, so Easton Street Capital decided on the next best thing: building a condo next door that will be tall enough to offer water views of its own.
Entities linked to Easton Street Capital paid $1.7 million in March 2025 for an office building at 201 Arkona Court, and $4 million in July 2022 for an apartment building at 201 Arkona Court, according to the Palm Beach County property appraiser.
First details of the proposed new West Palm condo tower with private club
Plans are to build a condo tower consisting of one unit per floor, for 15 floors. Each of these units will be 5,000 square feet. But the 16th unit will be a two-level penthouse unit, Frisbie said.
Although prices aren’t yet set, Frisbie expects most units will sell for roughly $20 million each, with the penthouse duplex still unpriced.
The sky-high price will match sales at a nearby condominium complex being built, the South Flagler House at 1355 S. Flagler Drive. Easton Street Capital is a partner in that project with the Related Ross firm in West Palm Beach.
The budding West Palm neighborhood around the Norton Museum
This section of downtown West Palm Beach is being fashioned into what Easton Street executives call “the cultural quarter,” consisting of new high-rise condo towers near the Norton Museum.
This museum, in turn, is in the midst of an expansion that will extend the complex along South Dixie Highway east to Olive Avenue. The expansion would see the Norton’s building space grow by up to 75%.
The plans call for two primary additions: a three-story building with an education center and two floors of gallery space, and a second building featuring a floor for special exhibits and a ground-floor event space ringed by sculpture gardens.
Plans also include an enclosed terrace with more gallery space that will serve as a bridge between one of the new buildings and the existing premises.
The Norton also wants to construct an outdoor terrace that looks east toward the museum’s courtyard and a new cultural art park on a city-owned median between the museum and Flagler Drive.
Frisbie said the company’s new condominium tower will also complement the new cultural art park.
In fact, the tower treats the art park as its front door, Frisbie said. The condo opens on the park. The condo also will have a market cafe on the ground floor for residents and the public.
Alexandra Clough is a business writer at The Palm Beach Post. You can reach her at aclough@pbpost.com. X: @acloughpbp. Help support our journalism. Subscribe today.
This article originally appeared on Palm Beach Post: Exclusive. New West Palm condo to have one unit per floor, private club
Reporting by Alexandra Clough, Palm Beach Post / Palm Beach Post
USA TODAY Network via Reuters Connect
By Alexandra Clough, Palm Beach Post | USA TODAY Network
