Partnership Announcement: Rockpoint and The Kolter Group Develop The Sutton in Palm Beach Gardens

Rockpoint and The Kolter Group Announce Joint Venture for The Sutton

In an exciting new development, Rockpoint, a notable private equity firm based out of Boston, and The Kolter Group, a Florida-based real estate development firm, have recently announced their partnership for The Sutton. This upcoming project is set to be a multifamily apartment community located in picturesque Palm Beach Gardens, Florida, featuring an impressive total of 432 units.

The announcement was made on July 2, 2026, with anticipation that the groundbreaking will lead to a thriving community by the time of its completion in 2028. The site, encompassing 17.6 acres, offers a prime location with robust accessibility due to its proximity to major transportation routes such as Interstate 95 and the Florida Turnpike. This strategic positioning will connect residents to Palm Beach County's essential employment hubs and vibrant retail centers, enriching their everyday experiences.

The Sutton will cater to various lifestyles, offering an array of housing options including studio, one-bedroom, two-bedroom, and three-bedroom apartments. Residents can look forward to a wealth of nearby amenities including top-tier retail outlets, diverse dining options, and entertainment venues all within reach. Furthermore, residents will enjoy easy access to pristine beaches, public parks, and premier golf courses, making it an ideal locale for those who appreciate the outdoors.

Dan Domb, the Managing Member and COO of Rockpoint, expressed enthusiasm about the partnership stating, "Rockpoint has been active in South Florida multifamily investing for more than a decade, and our selective development strategy allows us to focus on submarkets like Palm Beach Gardens that are highly supply constrained and have demand for newer vintage apartment living. We're excited to enter this partnership with the Kolter team to develop this unique property."

Howard Erbstein, COO of The Kolter Group, also shared his thoughts on the collaboration, emphasizing the compatibility of their values and platforms. This collaboration serves as an excellent foundation for further investment opportunities between the two firms across various areas of development.

In addition to its prime location and various housing options, The Sutton is set to feature a range of modern amenities designed to enhance residents' lives. Expect to see a resort-style pool, a state-of-the-art fitness center, wellness spaces, a group fitness room, co-working areas, a resident lounge, a dog park, a children's playground, and even a maker's studio on site.

In terms of apartment interiors, the units will boast high-quality finishes such as stainless steel appliances, quartz countertops, and luxury vinyl tile flooring, ensuring that residents enjoy a modern and luxurious living environment.

Rockpoint has proudly built a strong legacy in the residential sector, having actively managed 146 residential investments since 1995, which collectively consists of approximately 100,000 multifamily units. Their strategic focus continues to be on high-demand markets with significant potential for active asset management and value creation through redevelopment.

As for The Kolter Group, it is a well-respected private investment firm specializing in real estate development and investment. Founded in Delray Beach, Florida, the group has successfully sponsored over $40 billion worth of real estate projects throughout the Southeastern United States, with a special emphasis on creating sustainable and vibrant communities where residents can thrive.

With Rockpoint and The Kolter Group joining forces for The Sutton, it sets the stage for an exciting development that promises to redefine residential living in Palm Beach Gardens. Residents can look forward to a community that not only meets their housing needs but also enriches their lifestyle with robust amenities and a prime location. This partnership represents a significant step forward in the evolution of multifamily living, with both companies committed to emphasizing quality, accessibility, and community in every aspect of the development.