Kolter Group and Perko Development Partners have started sales for their new waterfront condominium project, Maison d’Or, in West Palm Beach. The development is planned for a 1.4-acre site at 3705 South Flagler Drive, located across the Intracoastal Waterway from Mar-a-Lago Club.
The project will feature a 19-story building with 39 residential units. The design team includes architecture firm 10 Design, interiors by Hirsch Bedner Associates, and landscaping by EDSA. According to the developers, units will range from two to four bedrooms and vary in size from 3,000 square feet to over 10,000 square feet.
Amenities for residents will include a pool, spa facilities, fitness center, club lounge, private dining room, theater, guest suites, and salon. Prices start at $5.7 million. Dan Riordan, Nick Peterson and Andreea Fodor are leading the sales effort.
Earlier this year, Kolter and Perko completed the buyout of the former Flagler House condominium on the same site for $37.6 million. Kolter Group is based in Delray Beach and led by CEO Bobby Julien. Perko Development Partners operates out of Jupiter under Phil Perko’s leadership and focuses on condo buyouts and redevelopment projects.
The firms are also working together on another project in Tequesta after acquiring a condo property there for $25 million last December; plans call for an eight-story building with 12 units.
Buyouts of older condominiums have become common in Palm Beach County due to limited availability of vacant waterfront sites. Competition among developers has led to legal disputes over properties along West Palm Beach’s Flagler Drive; last year Fort Partners gained control of a waterfront site at 3915 South Flagler Drive following litigation with Related Ross.
Maison d’Or is part of a growing number of luxury condominium developments underway in West Palm Beach, where more than 2,000 new units are currently planned or under construction.
