In a bid to strike while the iron is hot, Related Ross is launching yet another waterview condominium in West Palm Beach, this one on a parking lot belonging to the Family Church on Flagler Drive.
The Edgeworth complex will consist of 168 condominiums in two, 28-story towers with prices ranging from $2.5 million for a one-bedroom unit to about $30 million for a penthouse. The towers will sit on a podium that will house 90,000 square feet of indoor and outdoor amenities.
The condo marks the last best spot along Flagler Drive “in the most luxurious and exclusive high-rise residential district of the West Palm Beach waterfront,” said Bryan Cho, Related Ross executive vice president.
The project sits just west of The Bristol, the ultra-luxury condominium that kicked off West Palm Beach’s waterfront residential renaissance in 2019.
Related Ross announces Edgeworth condo in West Palm Beach
The Edgeworth launch also comes as Related Ross is near sell-out at South Flagler House, a twin-tower luxury condominium at 1355 S. Flagler Drive.
For some remaining South Flagler House units, prices have hit a whopping $6,000 per square foot, double the original price per square feet when sales first began, Cho confirmed in a March 12 interview.
South Flagler House has just under 100 units with prices ranging from $7.9 million to $73 million per unit.
“We weren’t thinking about launching this project for another year,” Cho said
But Related Ross moved up timeline because of the “unbelievable” sales velocity at South Flagler House during the past six months, he said.
West Palm Beach-based Related Ross is led by Miami Dolphins owner and Palm Beach billionaire Stephen Ross, the city’s dominant real estate developer. Palm Beach-based Frisbie Group is a minority partner in the Edgeworth venture.
Edgeworth is being built following a 2024 agreement between Related Ross, Frisbie Group and Family Church for the church’s parking lots. The agreement required the payment of $100 million to lease the site for 99 years.
Edgeworth will take up more than half of the church’s 9.7-acre downtown property. But the project does not touch the iconic church sanctuary on the site’s northern edge.
Details of the Family Church deal to leases its parkings lots
Family Church plans to build a larger private school at its century-old campus. The deal allows the church to retain ownership of its prime downtown land and accommodate growing demand from families wanting a private, Christian education for their children.
Family Church, formerly First Baptist Church, has had a presence in the city since 1901.
During the past 15 years, the church has been selling its prime downtown land to selected developers to pay for the church’s expansion. This includes its downtown campus and numerous satellite campuses throughout South Florida.
One of the land sales was to the developer of The Bristol. The tower at 1100 S. Flagler Dr. is on the site of the church’s former Chapel-by-the-Lake, an open-air worship space on the Intracoastal Waterway along Flagler Drive across from the church sanctuary.
In 2023, church members voted to lease about 4.6 acres of their prime 9.7-acre site at 1101 S. Flagler Drive to Frisbie Group after fielding competitive bids from developers.
Frisbie Group subsequently partnered with Related, which now leads the project. Architect Kohn Pedersen Fox of New York is designing the entire site, including the condominiums and the new school buildings.
In a 2024 interview, Jimmy Scroggins, lead pastor of Family Church, said having the same architect design the whole project will allow the redevelopment to be more than a standard church school.
Instead, it will be “one of the most beautiful and functional church campuses in the world,” Scroggins said.
Luxury buying spree at South Flagler prompts Edgeworth launch
While Family Church gets money to expand its campus, Related Ross gets access to the last prime site in the center of bustling Flagler Drive.
And even though Edgeworth sales officially begin on March 16, Related Ross already has inked $100 million in pre-construction sales from interested buyers.
The project will have 102 units in its north tower, and 66 units in a south tower.
Related Ross also plans to build the Shorecrest condominium at 1901 N. Flagler Dr., the site of the former Temple Israel. That project is slated to break ground in April following an upcoming demolition of the temple building.
The condo will feature only 100 units priced from $2.7 million to $7 million.
Construction on Edgeworth and the expanded Family Church facilities will commence at the same time, probably in 2027, Cho said.
Edgeworth is expected to take a little more than 24 months, he said.
Family Church’s existing educational building, home to the Palm Beach Christian Academy, will be torn down and rebuilt. In its place, a four-story, 142,000-square foot building, with a glass wall facing Flagler Drive, will be built. The building will be large enough to accommodate classes up to the 8th grade, along with meeting and office space.
In addition, a parking garage featuring 400 spaces will replace the lost surface parking spots.
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: Related Ross to launch Edgeworth condo on Flagler in West Palm Beach
Reporting by Alexandra Clough, Palm Beach Post / Palm Beach Post
USA TODAY Network via Reuters Connect
