Multifamily developer Vista Residential Partners has initiated construction of Gardens Vista, a 221-unit, four-storey luxury apartment community in Palm Beach Gardens, Florida, US.
The project, situated across 6.7 acres on Central Boulevard, is strategically located in the heart of Palm Beach Gardens, with access to major thoroughfares such as Interstate 95 and PGA Boulevard.
Vista Residential Partners’ managing director Beck Daniel said: “We’re excited to launch this vibrant new project as a compliment to the established Palm Beach Gardens community that is in such high demand.”
The area is claimed to be known for its high growth rate, currently more than 3% annually, and its affluent demographic, boasting a median income of $105,000.
The median home sale price in Palm Beach Gardens stands at $850,000.
The Spain-inspired complex will offer a mix of one-, two-, and three-bedroom apartments, with 131 one-bedroom, 68 two-bedroom, and 22 three-bedroom units.
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By GlobalDataVista Residential Partners has committed to reserving 10% of these units for workforce housing, in compliance with the city’s requirement.
This initiative is part of the company’s broader commitment to providing attainable housing options within well-planned communities.
Residents will have access to a variety of community amenities, including a nature preserve, pickleball courts, a swimming pool, a gym, an interactive game room, co-working space, a package concierge service, vehicle charging stations, and a dog park.
The apartments themselves will be equipped with stainless steel appliances, wood-like flooring, tiled shower surrounds, and in-unit washers and dryers.
The design for Gardens Vista is credited to Niles Bolton Associates, an architecture and interior design company.
Vista Residential Partners has also secured a partnership with a global asset manager representing a state-sponsored pension fund and a Midwest US insurance company for the project’s financing.
Vista Residential Partners chair and founder Eduardo de Guardiola said: “Although this development took over three years to come to fruition, that fact alone speaks volumes about the very high barriers to entry in Palm Beach Gardens.
“This is a critical reason we were able to attract sophisticated institutional capital to partner with Vista in this exciting project.”
In September 2024, Vista Residential Partners also began construction on McAlpine Vista, a 320-unit apartment community in Charlotte, North Carolina, US.
