WEST PALM BEACH, Fla., June 27, 2018 (GLOBE NEWSWIRE) -- Park-Line Palm Beaches, the highly anticipated apartment tower in downtown West Palm Beach is now pre-leasing with projected occupancy scheduled for October 2018. The development, a joint venture between Lincoln Property Company and Florida East Coast Industries (FECI), is an integral part of FECI’s transit-oriented complex featuring 12,500 sq. ft. of ground-floor retail within the development and the Brightline West Palm Beach Station. This 24-story, 290-unit tower is set to provide unparalleled connectivity throughout South Florida due to its direct access to one of the most advanced rail systems in the world connecting to Miami in about an hour and Fort Lauderdale in 30 minutes.
Park-Line Palm Beaches, located on Rosemary Street just north of CityPlace, is within walking distance of Clematis Street and all that downtown West Palm Beach has to offer. This exceptional location is home to a wide selection of restaurants and retail venues. The tower offers studio, 1 and 2-bedroom residences boasting bold and rich designer finishes with panoramic city and ocean views. The 28,000 sq. ft. amenity platform, 120 feet above ground level, includes an ample fitness room overlooking a verdant pool deck. An outdoor yoga lawn and spin room top off the unmatched fitness amenities. The expansive resident entertainment lounge includes a gaming area, cyber café and private conference room. Pet owners will enjoy a first-of-its-kind, 1,200 sq. ft., covered open-air playground for dogs including a pet grooming salon, all with breathtaking views. Additional exterior amenities include private cabanas, secluded dining areas, shaded outdoor living areas and outdoor kitchens. Additional community amenities include a 24/7 concierge and a mail and delivery locker center.
Lincoln Property Company’s Southeast region is a major player in multifamily development and management, developing more than 22,000 units valued at over $1.4 billion. The Southeast region is currently managing over 130 residential communities with more than 35,000 units.
Chuck Shallat, executive vice president of Lincoln Property Company’s Southeast region stated, “The realization of these exceptional towers has been a culmination of hard work for all those involved from both teams. This valued partnership has benefited from the belief that something special needed to be built. Never settling for the ‘what is’ but only looking at ’what could be’, is how this vision became a reality. Residents can expect the unexpected. Never before has form and function been achieved in this way. Our residents will have all they need for a car-free lifestyle."
Brightline connects Park-Line Palm Beaches to the future Park-Line MiamiCentral residential towers in Downtown Miami. These 30 and 33-story towers, elevated more than 50 feet above ground, consist of 816 residential units and make-up the residential component of MiamiCentral, FECI’s transit-oriented, 11-acre development in Downtown Miami with offices, retail, dining, connectivity to Brightline and Miami’s major transportation systems. Park-Line MiamiCentral’s expected delivery is late 2019 and 2020.
“This is an exciting moment for FECI and Brightline, to connect South Florida residents and create dynamic mixed-use environments around alternative transportation modes,” said M. Bruce Snyder, executive vice president and chief financial officer for Florida East Coast Industries. “Together with Lincoln Property Company, we are thrilled to welcome new residents to Park-Line and live more connected than ever in downtown West Palm Beach.”
About Lincoln Property Company
Lincoln Property Company was founded in 1965 as a builder and operator of high-quality residential communities. In the early 1970's, Lincoln expanded its product mix to include commercial, build-to-suit, office, hotel, industrial, and other mixed-use assets. In 1972, Lincoln took this expertise from the United States to Western Europe and the Middle East.
Headquartered in Dallas, TX, Lincoln focuses on real estate investment, construction and development, in addition to property management. Their national reputation has enabled Lincoln to attract a large client base of owners and investors who count on their ability to deliver quality results and continually serve as a market leader.
For more information about Lincoln Property Company, please visit https://www.lincolnapts.com/about/client-services or visit https://www.lincolnapts.com/communities for apartment listings in your area.
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About Florida East Coast Industries
Florida East Coast Industries, LLC (FECI) is one of Florida’s oldest and largest full-service commercial real estate, transportation, and infrastructure companies. Headquartered in Coral Gables, Fla., FECI has a rich history dating back over a century. Mr. Henry Flagler first established a predecessor company in 1892, which became a pioneer in the development of Florida's eastern coast. FECI is owned by private equity funds managed by affiliates of Fortress Investment Group, LLC. For more information, visit www.feci.com.
Media Contact:
Sheri Sandefur Killingsworth, Vice President - Marketing & Communications
214-740-3300 | corporate@lpsi.com
SOURCE Lincoln Property Company
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