The first modern apartment building has broken ground in the Warehouse District of West Palm Beach.
Located on the outskirts of downtown, the collection of warehouses along Clare Avenue and Elizabeth Avenue are transitioning from industrial use to dining and entertainment. That has made it a more attractive place to live.
Synovus Bank boosted its mortgage to Warehouse District Flats LLC, an affiliate of Palm Beach Gardens-based Eastwind Development Group, from $3 million to $30.5 million. It covers the 5.53-acre site at 1630, 1710, 1940 and 1980 Clare Ave. The 55,519 square feet of warehouses there will be demolished.