Concept aerial showing the Mr. C construction site, the Nora Hotel district and The Belgrove Resort amid new downtown redevelopment.
West Palm Beach, Florida, August 23, 2025
Three major hospitality moves are reshaping West Palm Beach: Mr. C Hotel & Residences broke ground after securing a $285 million construction loan for a 146-residence, 110-suite mixed-use tower; a New York–based operator is advancing a 201-room Nora Hotel inside the planned Nora District, a roughly 40-acre, 2 million-square-foot downtown project; and The Belgrove Resort & Spa has opened as a 150-room island-like property with extensive amenities. Together these projects signal strong lender interest, design-forward hospitality expansion and growing investment in walkable, mixed-use neighborhoods in central Palm Beach County.
Three major hospitality moves reshaped West Palm Beach’s development picture this month: a luxury residential-hotel project broke ground after securing a large construction loan, a mixed-use district advanced with a signature new hotel led by an out-of-market operator, and a resort opened to the public. The projects together highlight strong investor and operator activity in downtown West Palm Beach and surrounding areas.
A joint venture between two developers has broken ground on a combined residential and hotel project at 327 Okeechobee Blvd. The development closed a $285 million construction loan provided by a private lender, with finance counsel and loan representation completed by a third-party adviser. The residential component is reported to be roughly 70 percent sold, marking the project as moving into active construction.
The development will include 146 luxury residences alongside a hospitality component of 110 hotel suites under a single branded operation. Architecture and interior teams brought period-inspired design cues to the homes, drawing on midcentury Italian Riviera influences for finishes and shared spaces. Building amenities are planned to be extensive, including a garden-level lap pool with private cabanas, a poolside bar and lounge, a fitness center with spaces for yoga, Pilates and cycling, and spa facilities with steam and sauna rooms. Additional shared spaces will include a business lounge, a library, private high-speed elevators and curated art installations. Residents and guests will access services via a custom app.
The site sits near civic and cultural anchors including the county convention center, a major museum, a performing arts center, and several linear parks and waterfront trails, positioning it within walking distance of downtown amenities and public green space.
A larger district-scale project in downtown West Palm Beach continues to advance toward build-out. The 40-acre district is planned as a roughly two-million-square-foot mixed-use neighborhood that will combine adaptive reuse of industrial buildings with new construction in multiple phases. The total build-out cost is expected to exceed $1 billion.
A hospitality firm known for operating and renovating urban hotels will develop, own and operate the district’s signature property — its first new-construction hotel outside its home market. The hotel is designed for a planned opening in August 2026 and will total about 201 rooms in roughly 150,000 square feet. The operator describes the property as positioned above typical midscale offerings and close to a four-star level in service and finishes. The projected hotel budget is reported to be just under $200 million.
The hotel façade and interiors draw on Mediterranean and historic Palm Beach inspirations rather than a glass-box approach. A New York-based interior studio is curating the guest spaces to feel residential and serene, while the build will be led by a firm serving as architect of record and design architect. Food-and-beverage plans include a ground-floor outpost of a well-known New York restaurant and a rooftop restaurant and lounge operated with an established restaurant group. The rooftop will feature garden dining, two bars, a pool and private cabanas. The hotel is intended to act as a neighborhood hub, complemented by four blocks of retail and nearby rental and condominium residential buildings.
Separately, a new resort opened in West Palm Beach offering a full-service destination for leisure travel. The property contains 150 rooms and suites and positions itself as a resort with family- and pet-friendly policies, a range of nightly rates and extensive on-site amenities. The resort is affiliated with a major global hotel portfolio that provides loyalty benefits to members.
The resort’s accommodations range from standard rooms to suites with private butler service. Public amenities include multiple dining outlets, a spa with private suites and dedicated relaxation pools reserved for spa clients, a fitness center, and racquet sports facilities with tennis, pickleball and padel courts. Meeting and event inventory exceeds 21,000 square feet and includes ballrooms, meeting rooms and lawns. The property also offers access to a private championship golf course; tee time reservations and caddie and cart fees apply.
The resort was developed in partnership between two investment and development firms and will introduce additional luxury villas before the end of the year, with a potential rental program for villa owners. Elsewhere in the region, the same developer tied to the residential-hotel project recently secured permanent financing for a separate large mixed-use site in Miami, and other regional developers obtained significant financing for West Palm Beach condominium and rental projects earlier in the year. Those moves reinforce a broader funding appetite for Florida multifamily and hospitality assets.
Together, the projects underscore investor interest in adding higher-end hospitality and mixed residential inventory in West Palm Beach. The district-scale project aims to reshape a portion of downtown with walkable retail, hospitality and housing, while ground-up and adaptive reuse strategies are being combined to attract both visitors and new residents. The active construction financing, planned hotel openings and new resort operations signal momentum in the local market for both leisure and urban living assets.
The piece covers three primary items: the groundbreaking for a combined Mr. C hotel and residences project, progress on the Nora District including the planned Nora Hotel, and the recent opening of The Belgrove Resort & Spa.
The Mr. C development includes 146 residences and 110 hotel suites and closed on a $285 million construction loan to move into active building work.
The Nora Hotel is slated to open in August 2026 and will have 201 rooms in a building of roughly 150,000 square feet.
The Belgrove opened with 150 rooms and suites, multiple dining outlets, a full-service spa, fitness and racquet facilities, event spaces, and plans to add 22 villas later in the year.
Yes. Recent financing activity and new construction reflect continued investor interest in South Florida’s hospitality and multifamily sectors, driven by population shifts and demand for urban amenities.
| Project | Location | Status | Units / Rooms | Notable details |
|---|---|---|---|---|
| Mr. C Hotel & Residences | 327 Okeechobee Blvd., West Palm Beach | Broke ground; construction financing closed | 146 residences; 110 hotel suites | $285M construction loan; 70% of residences sold; extensive amenities |
| Nora Hotel / Nora District | Downtown West Palm Beach (North Railroad Ave. area) | Advancing through planning and early development | 201 rooms | Part of a ~40-acre, ~2M sq ft district; hotel opening Aug 2026; ~150,000 sq ft; near $200M cost |
| The Belgrove Resort & Spa | West Palm Beach (approx. 10 minutes from Palm Beach & airport) | Opened | 150 rooms and suites | Multiple F&B outlets, spa, courts, event space, affiliated with a major hotel portfolio |
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