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.
Three big hospitality moves have reshaped West Palm Beach this year. A luxury mixed-use tower has officially broken ground after securing a large construction loan, a New York hotel operator is moving ahead with a signature new-build hotel inside a planned downtown district, and a high-end resort has opened its doors. These items mark near-term construction activity and longer-range district planning that together point to fresh investment in central Palm Beach County.
A joint venture has started construction on Mr. C Hotel & Residences West Palm Beach after closing a $285 million construction loan. The loan was provided by a private capital firm and the borrowers were represented by a financial adviser in the transaction. The residential portion of the project is about 70 percent sold, making the financing and groundbreaking a key milestone for the development.
The building will combine 146 luxury residences with a hospitality component that includes 110 hotel suites. The homes draw design cues from midcentury Italian Riviera style and were shaped by a noted architecture firm with interiors handled by a well-known design studio. Shared amenities are broad and upscale: a garden-level lap pool with private cabanas, a poolside bar and lounge, a fitness center with rooms for yoga and Peloton workouts, full spa facilities with steam and sauna rooms, a business lounge and library, high-speed private elevators, and curated art in public spaces. Residents and guests will be able to request services through a custom building app. The site is centrally located near cultural and park amenities along Okeechobee Boulevard, placing it close to museums, a performing arts center and several green spaces and trails.
The developer behind the Mr. C project has also been active with other regional financing, including large permanent loans on a mixed-use property in Miami. In the same regional market, other developers secured multi-hundred-million-dollar financing for major West Palm Beach projects earlier in the year, signaling continued lender interest in South Florida multifamily and mixed-use product.
Work is moving forward on The Nora District, a planned downtown destination that will mix reuse of industrial buildings with new construction across roughly 40 acres. Multiple partners are assembling land and planning a project that could top about 2 million square feet and cost over $1 billion to build out. The plan calls for retail, restaurants, residences, offices, hospitality and wellness offerings on a pedestrian-focused corridor along a former rail alignment.
As part of that effort, a New York–based hotel group is leading the design, development and operation of the district’s signature hotel, its first new-construction project outside New York. The hotel will include 201 rooms, occupy roughly 150,000 square feet, and is slated to open in August 2026, aligned with the operator’s fourth decade in business. The projected cost for the hotel is estimated just under $200 million, putting development costs near the market’s higher-end per-room levels. The hotel will offer a rooftop restaurant, garden dining, bars, a pool with private cabanas, and ground-floor dining from an established restaurant brand. The design leans into a Mediterranean Palm Beach look, blending local historic references and a calm, residential interior feeling rather than a standardized chain aesthetic.
Beyond the hotel, the district calls for several blocks of low-rise retail on a cobblestone-lined street, multiple residential rental buildings totaling roughly 800 units west of the hotel, and two to three condominium towers north of the hotel totaling roughly 250 units. Public officials attended a ground event for the project, underscoring local support for the district plan.
A new resort described as an island-like oasis has opened about a 10-minute drive from Palm Beach and the local airport. The 150-room property positions itself as a blend of family-friendly and adult-focused offerings and operates within a global hotel collection that gives loyalty members extra perks. Room sizes range from about 400 square feet for standard rooms to larger executive corners, and many suites include private butler service. Nightly rates span a wide range reflecting seasonality and room type.
The resort’s facilities are extensive: five food-and-beverage outlets including a poolside retro spot and a garden brasserie, a full-service spa with private treatment suites and steam and sauna rooms, a 1,000-square-foot fitness center, and racquet sports courts for tennis, pickleball and padel. Event capacity exceeds 21,000 square feet across ballrooms, meeting rooms and outdoor lawns. The property also includes access to a championship private golf course designed by a noted course designer, with specific guest fee and caddie requirements arranged through the resort concierge. Plans call for 22 luxury villas to be added by the end of the year, which may be enrolled in a resort-managed rental program.
These moves reflect several broad trends: strong lender appetite for large, well-positioned hospitality and mixed-use projects; interest from established operators in expanding outside their home markets; and a focus on design-driven, neighborhood-oriented hotels that aim to be local gathering places rather than standardized chain properties. Developers are pairing adaptive reuse and new construction to create walkable urban places that combine housing, hospitality and retail.
The project has broken ground and closed a $285 million construction loan. The residential portion is roughly 70 percent sold. Construction is underway for a mixed building with 146 residences and 110 hotel suites, plus a wide range of amenities.
A New York–based hotel operator is leading the Nora Hotel project inside The Nora District. The hotel will have 201 rooms, cover about 150,000 square feet, and is scheduled to open in August 2026.
The Nora District is a planned 40-acre downtown development that mixes adaptive reuse of warehouse buildings with new construction. It will include retail, restaurants, offices, residences, hotels and wellness spaces, with an overall build-out around 2 million square feet and an expected cost north of $1 billion.
The Belgrove has opened with 150 rooms and suites, five dining venues, a full spa, fitness center and racquet sports facilities. It offers significant event space and access to a private championship golf course. Villas are planned to be added later in the year.
They signal continued investment and lender confidence in West Palm Beach, an appetite for design-focused hospitality, and growth in mixed-use urban neighborhoods. The combination of large loans, new groundbreakings and hotel openings points to near-term construction activity and longer-term neighborhood transformation.
| Project | Type | Size / Rooms | Key finance or timing | Notable amenities |
|---|---|---|---|---|
| Mr. C Hotel & Residences | Mixed-use (residential + hotel) | 146 residences; 110 hotel suites | $285M construction loan; construction started; 70% sold | Lap pool, spa, fitness studios, private elevators, service app |
| The Nora Hotel (Nora District) | New-construction hotel in master plan | 201 rooms; ~150,000 sq ft | Estimated cost just under $200M; opening Aug 2026 | Rooftop dining and pool, garden dining, neighborhood-focused design |
| The Belgrove Resort & Spa | Full-service resort | 150 rooms and suites | Open now; villas planned by end of year | Spa, five F&B outlets, racquet center, private golf course, event space |
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