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.
The latest activity in West Palm Beach’s hospitality and mixed-use market centers on three concurrent stories: a major construction loan and ground-break for a downtown mixed hotel-residence project, a large district plan that has advanced into a signature new-build hotel, and the public opening of a full-service resort. The items below outline ownership, financing, scale, design teams and expected timelines for each project.
A joint venture between two development partners has broken ground on a luxury hotel and residence at 327 Okeechobee Blvd. The project closed on a $285 million construction loan, provided by a capital lender, with advisory representation for the borrowers. The residential portion is reported to be about 70 percent sold, making the loan and groundbreaking an important execution milestone.
Planned amenities include a garden-level lap pool with private cabanas, a poolside bar and lounge, a fitness center with rooms for yoga, Pilates and Peloton workouts, a spa with steam and sauna, business lounges, a library, high-speed private elevators and curated art in shared spaces. The site sits within walking distance of cultural and civic assets including a county convention center, a major art museum and a performing arts center, plus several parks and a nearby natural area.
A broader district initiative in downtown West Palm Beach is moving forward under a multi-party team. The overall footprint is roughly 40 acres with a projected build-out approaching two million square feet and a total cost expectation above $1 billion. The plan will unfold in phases and uses a mix of adaptive reuse and new construction across retail, restaurants, residential, office, hospitality and wellness uses.
One hotel operator is stepping outside its traditional city base to lead and operate the district’s signature new-build hotel. That operator is a minority investor in the district but the primary developer, owner and operator of the hotel element. The hotel is the operator’s first new-construction project outside its home market and is designed to act as a neighborhood anchor rather than a typical franchise product.
The broader district plan includes cobblestone streets, low-rise retail blocks immediately south of the hotel, and several nearby residential buildings including rental and condominium towers totaling roughly 1,000-plus units. Local public officials participated at the hotel’s groundbreaking, reflecting municipal interest in the district’s activation.
A full-service resort and spa has opened in the market and is positioned as a resort oasis set among tropical gardens about a 10-minute drive from both Palm Beach and the regional airport. The property is part of a global soft-brand hotel collection and was developed by a partnership between two private real estate companies.
The resort offers multiple dining outlets, a full spa with private spa suites and steam/sauna facilities, a fitness center with group sessions, courts for tennis, pickleball and padel, and a golf experience via an on-property members-only course designed by a noted golf architect. Event capacity exceeds 21,000 square feet across ballrooms, meeting rooms and lawns. Plans call for adding a set of private villas before the end of the year, with a possible rental management option for villa owners.
Other notable financing in the region includes a large permanent loan for a 38-acre mixed-use property in Miami and a sizable construction/land financing package for another West Palm Beach development featuring condominiums and rentals. These capital moves reflect active lending and investor interest across South Florida’s multifamily, mixed-use and hospitality sectors.
What to watch next: construction milestones and sales progress at the downtown hotel-residence; the Nora District’s phased approvals and public realm build-out; and the Belgrove’s villa roll-out and guest programming over the next 12 months.
The project has broken ground and secured a $285 million construction loan. The residential portion is roughly 70 percent sold, and construction is now underway.
The Nora Hotel will be part of a larger downtown district and is slated to open in August 2026. The hotel will have 201 rooms and be roughly 150,000 square feet in size.
The district footprint is about 40 acres with build-out near two million square feet, planned in multiple phases that combine adaptive reuse and new construction for retail, residential, office, hospitality and wellness uses.
Yes. The resort has opened and offers 150 rooms and suites, multiple dining outlets, a spa, sports facilities, and event space. Additional villas are planned to come online later.
Financing sources include a construction lender for the downtown hotel-residence project and a blend of private capital and partners for the resort. Other regional projects have attracted large permanent and construction loans from lending consortia and specialist capital providers.
Visitors and residents can expect full-service hospitality amenities: pools with cabanas, spas, fitness studios with group offerings, multiple restaurants and bars, meeting and event space, and curated services managed through property technology platforms.
| Project | Status | Units / Rooms | Cost / Loan | Notable features |
|---|---|---|---|---|
| Mr. C Hotel & Residences | Broken ground, construction loan closed | 146 residences; 110 hotel suites | $285M construction loan | Garden lap pool, spa, fitness studios, curated art, app-based services |
| The Nora Hotel (Nora District) | Design and development advanced; groundbreaking activity reported | 201 rooms | Project cost just under $200M (hotel) | Mediterranean Palm Beach–style design, rooftop dining and pool, district activation |
| The Belgrove Resort & Spa | Open to guests | 150 rooms and suites | Developed by private partners; villas planned | Five dining outlets, full spa, racquet center, private golf club, event spaces |
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