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.
Construction activity in downtown West Palm Beach has surged. At the top, a luxury residence-and-hotel project has broken ground after securing a large construction loan. Nearby, a new mixed-use district is advancing with a signature hotel planned by an established New York operator. And a resort-scale property has opened, bringing hundreds of rooms, dining outlets and extensive amenities to the market. The items below summarize the projects, financing and design teams shaping the city’s near-term hospitality and residential pipeline.
A joint venture between two development firms has started construction on a combined luxury residential and hotel project at 327 Okeechobee Blvd. The project closed on a $285 million construction loan provided by a private capital firm. A separate advisory firm represented the borrowers in the financing deal. The residential portion is reported to be about 70 percent sold, making the loan and the groundbreaking an important milestone.
The development will include 146 luxury homes alongside a hospitality component with about 110 hotel suites. Architects and designers known for high-end residential and hospitality work shaped the plans, drawing inspiration from midcentury Italian Riviera glamor. Shared amenities will include a garden-level lap pool with private cabanas, a poolside bar and lounge, a fitness center with dedicated rooms for yoga, Pilates and Peloton workouts, and a full spa with steam and sauna rooms. Additional common spaces will include a business lounge, a library, high-speed private elevators and curated art installations. A custom app will connect residents and guests with services.
The site sits close to several cultural, civic and green spaces, including the Palm Beach County Convention Center, a major art museum, a performing arts center and a number of parks and waterfront trails. The mixed hotel-and-residence concept is part of a brand that has grown from a first project in Beverly Hills to locations in several major cities worldwide.
Work continues to advance on a planned downtown destination known as The Nora District, a roughly 40-acre footprint that will ultimately total about two million square feet and cost more than $1 billion to build out. The district will be delivered in phases through adaptive reuse of warehouse and industrial buildings plus new construction. The plan calls for a pedestrian-friendly corridor along North Railroad Avenue with retail, restaurants, office, wellness, residential and hospitality components.
A consortium of public and private partners assembled adjacent properties to create a sizable development site. One of the district’s hotel partners, a hotel company with a long record transforming properties in New York City, was asked to develop the district’s signature hotel. That hotel, the Nora Hotel, represents the operator’s first new-construction project outside its home market and is planned to open in August 2026, aligning with the operator’s 40th year of business. The hotel will total about 201 rooms and roughly 150,000 square feet, with a projected development cost near $200 million, which is about a million dollars per room.
Design for the hotel evolved from early concepts to a final façade rooted in Mediterranean Palm Beach style, pulling from regional architectural precedents. An interior design studio from New York will curate the guest spaces with a residential, serene feel rather than a generic hotel look. A sustainable design and engineering firm serves as the architect of record. Planned food-and-beverage offerings include a ground-floor restaurant by a well-known New York operator and rooftop dining and drinks; the rooftop will also feature garden dining, two bars, a pool and private cabanas. The hotel is intended to act as a neighborhood hub for the new district, with adjacent blocks of low-rise retail, two large rental buildings to the west totaling roughly 800 units and two to three condominium towers to the north totaling about 250 units.
A new resort has opened just minutes from the island barrier and the regional airport. The property positions itself as an island-like oasis with tropical gardens and a mix of family-friendly and adult-focused offerings. The resort has 150 rooms and suites, with standard rooms starting around 400 square feet and larger executive corner rooms at about 530 square feet. Many accommodations include marble-clad bathrooms, private balconies and resort views. Suites and higher-tier rooms will offer private butler service.
The resort carries a global soft-brand affiliation within a large international hotel loyalty program, which brings certain member benefits. Its food-and-beverage program includes five outlets spanning an American brasserie, a retro poolside restaurant, a garden café with daily teatimes and a grab-and-go shop. A full-service spa with private suites, steam rooms and saunas sits alongside fitness facilities and courts for tennis, pickleball and padel. The property also offers more than 21,000 square feet of indoor and outdoor event space, and an on-site private golf club designed by a major course architect. Developers plan to add about 22 luxury villas by the end of the year, which may be offered in a managed rental program.
Together these projects show a mix of large-scale financing, adaptive-reuse planning and new hospitality product coming to a compact urban center. Significant construction loans and permanent financing on nearby properties point to lender confidence in the market, while a mix of branded and independent hotel offerings signals growing choice for visitors and residents. The Nora District’s scale and The Belgrove’s resort amenities both aim to broaden the city’s appeal to travelers, residents and businesses.
The project has broken ground and closed on a $285 million construction loan. The residential component is reported to be about 70 percent sold.
The Nora Hotel is planned as a 201-room property totaling roughly 150,000 square feet, with an expected opening in August 2026.
The Nora District is a planned mixed-use area of about 40 acres that will total roughly two million square feet and include retail, restaurants, residences, office space, hospitality and wellness amenities. The full build-out is expected to cost more than $1 billion.
The Belgrove offers 150 rooms and suites, five dining outlets, a full-service spa, fitness center, racquet center with tennis/pickleball/padel courts, extensive meeting and event space, and access to a private championship golf course. Additional villas are planned later in the year.
Yes. The developments sit near cultural institutions, parks, a convention center and transportation hubs that connect to the wider region.
| Project | Location | Status | Key figures |
|---|---|---|---|
| Mr. C Hotel & Residences | 327 Okeechobee Blvd., West Palm Beach | Groundbreaking completed; construction loan closed | 146 residences; 110 hotel suites; $285M construction loan; 70% residences sold |
| The Nora Hotel (Nora District) | North Railroad Ave., downtown West Palm Beach | Design and development advancing; hotel groundbreaking held | 201 rooms; ~150,000 sq ft; opening Aug 2026; cost ~ $200M |
| The Nora District | Downtown West Palm Beach | Site assembly and phased planning underway | ~40 acres; ~2M sq ft total; > $1B build-out |
| The Belgrove Resort & Spa | Near Palm Beach / PBI | Open now | 150 rooms; 5 dining outlets; 21,000+ sq ft event space; villas coming |
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