Palm Beach Real Estate Increases

The Ritz-Carlton Residences is a luxury development in Palm Beach that will include two beautiful condominium towers located right on the beach. Recently, twenty five million dollars worth of condo units were sold, bringing pre-construction sales to 70 percent. The Ritz-Carlton Residences were originally the 2700 North Ocean Drive condominiums.

“When we bought, we weren’t aware that this part of the coastline was so heavily used for turtle nesting,” Sternberg said. “Initially we thought this was a liability, but we said ‘let’s’ make it a positive.”

Lionheart invested about one hundred thousand dollars to protect the turtles. This paid for turtle-friendly, amber-colored outdoor lights, and new beach furniture that could be removed at night.

Residents will be educated about the turtles and their nesting season through a newsletter.

Source: South Florida Business Journal

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