Affiliated Development to build workforce apartments in West Palm
A workforce apartment complex is coming to West Palm Beach’s historic northwest neighborhood, with plans to offer rents far below the city’s average rate.
Fort Lauderdale-based Affiliated Development, led by Jeff Burns and Nick Rojo, received approval from the West Palm Beach CRA Board and City Commission for a $9 million grant to go forward with the 289-unit, eight-story mixed-use project known as The Grand.
Rents at the apartment complex will start at $1,100 per month for a one-bedroom. That’s much less than the average Class A multifamily rent in West Palm Beach, which averaged $1,456 per month in the third quarter of 2019, according to a report from Berkadia.
