Groundbreaking for Luxury Multifamily Development Gardens Vista in Palm Beach

Gardens Vista: A New Luxury Development in Palm Beach Gardens

Vista Residential Partners, a prominent name in multifamily development, has marked a significant milestone with the groundbreaking of Gardens Vista, a luxurious community situated on 6.7 acres at the intersection of Central and Victoria Falls Boulevards in Palm Beach Gardens, Florida. This project represents the firms’ commitment to creating quality residential spaces in growing communities.

Project Overview

Gardens Vista is set to feature 221 apartments across four stories, offering a variety of living arrangements that cater to diverse lifestyles. The breakdown includes 131 one-bedroom, 68 two-bedroom, and 22 three-bedroom apartments, appealing to individuals, couples, and families alike. The Mediterranean-style architecture is designed to harmonize with the surroundings while providing a modern aesthetic.

Location Advantages

The choice of location is strategic, positioned near major thoroughfares, notably just 0.5 miles from I-95, a vital artery for transportation in the area. Palm Beach Gardens is recognized for its rapid population growth (over 3.3% per year) along with its affluence, boasting a median income of around $105,000. This is complemented by significant real estate prices, where the median home sale price in the area is approximately $850,000.

Convenience is key for future residents, with a Publix-anchored shopping center located less than a mile away, alongside popular destinations such as the Gardens Mall, Downtown PBG, and Nova Southeastern University, all within easy reach.

Amenities and Features

Gardens Vista is set to offer residents a wealth of amenities aimed at enhancing the living experience. The community will include a nature preserve, two pickleball courts for recreational activities, a resort-style swimming pool, a spacious gym, an interactive game room, and a designated co-working space for those who may need a productive environment at home. For added convenience, the property will feature 24/7 package concierge services, vehicle charging stations, and a dog park, making it a perfect fit for pet owners.

The individual apartments within Gardens Vista are thoughtfully designed to include modern features such as stainless steel appliances, fully tiled backsplashes, wood-like flooring, and tiled shower surrounds. Additionally, every unit will come equipped with a washer and dryer to fulfill the daily needs of its occupants.

Community Commitment

In alignment with the City of Palm Beach Gardens' workforce housing requirements, Vista Residential Partners is reserving 10% of the units for workforce housing. This decision reflects the firm’s corporate commitment to providing attainable rents for residents, ensuring that living, working, and enjoying life in the community is accessible to various income levels.

Beck Daniel, Development Partners for Vista Residential Partners, expressed enthusiasm about this project, stating, “We’re excited to launch this vibrant new project as a complement to the established Palm Beach Gardens community that is in such high demand.”

Eduardo de Guardiola, Chairman and Founder of Vista Residential Partners, emphasized the significance of overcoming challenges in the planning process, noting that the multi-year effort showcases the high barriers to entry in such a desirable market. The project has successfully attracted sophisticated institutional capital partnerships, further validating the venture's potential.

Vista Residential Partners, established in 2000 by Eduardo de Guardiola, has a rich history in multifamily developments. Headquartered in Atlanta, Georgia, the company operates nine regional offices nationwide and has ambitions for the ongoing development of more than 5,500 units across various projects valued at over $2 billion.

As Gardens Vista begins its journey, it stands as a promising addition to Palm Beach Gardens, representing both luxury living and community integration for years to come.