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Trio of Developers Begins New Multifamily Development in Palm Beach County

Real Estate Firms Begin Construction on 264 Garden-Style Apartments at Former Site of the YMCA of the Palm Beaches
The new development, located at 2085 S. Congress Ave. on the site of the former YMCA of the Palm Beaches in Palm Springs, Florida, will consist of 264 garden-style apartments across 11 residential buildings. (The Spear Group)
The new development, located at 2085 S. Congress Ave. on the site of the former YMCA of the Palm Beaches in Palm Springs, Florida, will consist of 264 garden-style apartments across 11 residential buildings. (The Spear Group)
By Monica Perez
CoStar Research
May 1, 2023 | 8:51 P.M.

Mast Capital, a South Florida-based real estate development and investment firm partnered with Boston-based real estate private equity firm Rockpoint and The Spear Group, a private real estate investment and development firm with offices in South Florida and Massachusetts, to start construction at an 18-acre site that will house 264 garden-style apartments across 11 buildings. The Spear Group purchased the development site from the YMCA of the Palm Beaches, located in Palm Springs, Florida.

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