More Growth in Palm Beach County
Billionaire Developer Stephen Ross Sees Potential in Region
On a windswept waterfront lot in West Palm Beach last April, billionaire real estate developer Stephen Ross stood behind a lectern to tout his company’s new South Flagler House, a high-end, luxury condominium project with 108 units housed in two 28-story towers. He gave props to City of West Palm Beach officials who helped clear the way for the project’s approval.
Technology a Growth Driver
As a real estate developer, Ross wants to grow things. He believes that a lot of growth is going to come from technology. “That’s why we went out and got a great university like Vanderbilt,” he said. “We’re about to announce a major technology company is coming to West Palm Beach. I see Boca Raton as being able to get on that bandwagon and be a very, very attractive place for technology firms to locate here.”
Rising Competition
But Ross is seeing more competition from other developers, some of whom are looking north from Miami-Dade County and from out-of-state. The Boca Center LLC, led by Terra of Miami, is teaming with the Frisbie Group of West Palm Beach for the Boca Raton government project. Out-of-state firms RocPoint of Atlanta and Namdar Group of Great Neck, N.Y., are also competing for the prize.
Impactful Projects
What I want to do at this stage of life is impactful projects. The world is changing in every single area. Growth that has been occurring has been financial services so far. We really see it in Palm Beach County. I believe that a lot of growth is going to come from technology.
Wellington Mixed-Use Project
Along that vein in Wellington, Related Ross is working to build out a mixed-use section that includes a private school. According to a company spokesperson, Related Ross has been working with ElevateED to open a not-for-profit K-12 private school on a 70-acre lot that was public land owned by the village. A purchase and sales agreement, approved by the Village of Wellington in January, saw Related Ross buy 35 acres while the school bought the other 35 acres.
Conclusion
Stephen Ross, the billionaire developer and owner of the Miami Dolphins, is making a bid for his Related Ross company to develop the Boca Government Campus. With a focus on technology and a vision for impactful projects, Ross believes that Palm Beach County is the best place to invest in. His company is working on several projects in the region, including a mixed-use development in Wellington and a private school.
FAQs
Q: What is Stephen Ross’ vision for Palm Beach County?
A: Ross believes that Palm Beach County is the best place to invest in and is focused on growing the region through technology and impactful projects.
Q: What is Related Ross working on in Wellington?
A: Related Ross is working on a mixed-use development in Wellington that includes a private school.
Q: Who is competing for the Boca Raton government project?
A: The Boca Center LLC, led by Terra of Miami, is teaming with the Frisbie Group of West Palm Beach for the project. Out-of-state firms RocPoint of Atlanta and Namdar Group of Great Neck, N.Y., are also competing for the prize.
Q: What is the goal of the Boca Raton government project?
A: The goal of the project is to build a mixed-use campus that includes office space, retail, and residential units.
Q: How does Stephen Ross see the future of Palm Beach County?
A: Ross believes that Palm Beach County will continue to grow and thrive, driven by technology and impactful projects.
