Groundbreaking Set for Ritz-Carlton Residences

The Ritz-Carlton Residences (Rendering courtesy of Ritz-Carlton)

(PRESS RELEASE)_PALM BEACH GARDENS - November 1, 2023 - The renowned developer, Catalfumo Companies, is pleased to announce the ceremonial groundbreaking for The Ritz-Carlton Residences, Palm Beach Gardens, as well as the commencement of foundation pours and vertical construction. This announcement follows the completion of the marina for the project ahead of schedule, as well as the completion of site work, which took place over the last year. This included moving 38,000 cubic yards of soil on-site, installing 207 pairs of sheet piles, compacting soil through vibroflotation, and Catalfumo Companies securing a record-breaking $340 million loan to finance the construction of the development.

​With this significant backing and completion of construction milestones, Catalfumo Companies is poised to bring their vision to life, delivering a property that sets a higher bar for appointed coastal living in Palm Beach Gardens, Florida. With completion scheduled for early 2026 and over 30 percent of Residences sold, anticipation is high among discerning buyers.
 
Daniel Catalfumo, the Founder of Catalfumo Companies, expressed his enthusiasm about the projects’ success stating, "The Ritz-Carlton Residences, Palm Beach Gardens has attracted buyers from the surrounding private communities and large estate single-family homes, who are looking for the perfect size for their future. The Residences are designed for those accustomed to expansive homes and who value the legendary service of The Ritz-Carlton brand. With the groundbreaking ceremony marking a significant milestone, we are thrilled to announce that construction is now moving forward at an impressive pace. Catalfumo Companies is proud to be a part of Palm Beach Gardens' evolution and remains committed to bringing elevated results to the area."
 
Located along the Intracoastal Waterway on PGA Boulevard in Palm Beach Gardens, the Estate Collection showcases an array of impeccably designed residences across three magnificent structures, spanning over a sprawling 14-acre site with 1,040 feet of Intracoastal Waterway frontage. The Ritz-Carlton Residences, Palm Beach Gardens, comprises 106 estate residences priced between $4.5 million and $8+ million. Douglas Elliman Development Marketing exclusively handles sales for these exceptional homes, with sales going directly into contract.
 
"The property's elevated design and prime location make it an in-demand destination for both local and international residents seeking a secluded oasis," said Jay Phillip Parker, CEO of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. "Recent sales have been brisk, with numerous residences being purchased in just a few months. Buyers are enthusiastic about the development's extensive range of amenities, personalized services, expansive layouts, and the excellent value it offers in a thriving Palm Beach Gardens market. This latest stage in construction reflects the developer's unwavering commitment to the project and the surrounding community's progress."
 
Positioned as the pinnacle of curated lifestyle-driven living in South Florida, The Residences promise to be the exclusive residential address for discerning buyers seeking an exceptional Palm Beach Gardens experience. Whether relocating to South Florida or optimizing their current lifestyle, buyers are drawn to the city for its breathtaking waterfront views, abundant green spaces, and high quality of life. The area offers an optimal culinary and retail experience and a wellness-focused lifestyle. In response to this demand, The Residences have been thoughtfully designed to offer premier waterfront estates with extensive opportunities for entertainment and leisure. This development will provide full-service, resort-style living to Owners, complete with a wide array of specialized services and amenities.
 
With its elegant design and fine architectural finishes, The Residences feature a host of carefully selected appointments. Private elevator entries with controlled access, professional-grade Wolf and Sub-Zero kitchen appliances, floor-to-ceiling, triple panel, impact-resistant glass doors and windows, double walk-in closets, free-standing soaking tubs, glass-enclosed showers, European double vanities, private elevator entries, dens, wet bars, and endless Intracoastal views are just a few of the remarkable features. Additionally, the property boasts a 29-slip private marina, offering 1,040 feet of waterfront and accommodating vessels up to 75 feet in length, with select slips equipped with electric boat lifts.
 
The development is also expected to include a multi-level waterfront clubhouse with an event kitchen, lounge seating, game areas, private dining room, business center and a coffee bar. Outdoor enthusiasts can enjoy a pickleball court and a putting mezzanine, while the resort-style pool deck beckons with its 100-foot infinity-edge pool, full-service cabanas, and breathtaking waterfront vistas. Residents will have access to an Owner's Spa, complete with private treatment rooms, steam rooms, showers, and sauna rooms, as well as a state-of-the-art fitness center with weight training and cardio equipment and a dedicated yoga studio.
 
Complementing the abundant amenities, an on-site concierge and dedicated residential team will cater to the needs of all residents, assisting with personal coordination such as restaurant reservations, pool and cabana services, pet care, and more.
 
The Residences, designed by the renowned architecture firm Spina O'Rourke + Partners, boast impressively spacious three-, four-, and five-bedroom layouts that frame panoramic Intracoastal views from expansive terraces. Sliding floor-to-ceiling glass windows seamlessly merge indoor and outdoor living spaces, showcasing impeccably curated interiors that reflect uncompromising quality, exquisite finishes, and meticulous attention to detail. The award-winning firm Susurrus led the design of the hospitality amenity areas, while The Decorators Unlimited was responsible for the residential interiors, ensuring a truly remarkable and thoughtfully planned living experience.
 
For more information and to book a private presentation, please visit TheResidencesPalmBeachGardens.com or call 561.295.7382.