A new development in Palm Beach County is already drawing a great deal of attention, with many homeowners putting their existing homes up for sale in anticipation of purchasing a home or townhome within the new community.
The new community, which is being developed by Kolter Homes, will add 1,300 homes and townhomes to Palm Beach County over the next eight years. Known as Alton, the community will have 37 single-family homes and townhomes completed by either October or November. Kolter Homes also expects to have ten models completed by this time, with the rest of the first phase completed by the middle of 2016. By this time, the development is expected to have 330 units available. The second phase, which will feature homes starting at the $1 million price point, will feature 385 single-family homes. The homes will offer a mixture of Mediterranean, island and contemporary design within a pedestrian-friendly urban setting.
The company’s urban division is also working on a 166-unit luxury condo along the Intracoastal Waterway in North Palm Beach. Known as Water Club, presales have reached $129 million. The company has also made plans to add 30 more units to a third tower, with those units slated to be available in either 2018 or 2019.
Kolter Homes started in 1993 when its parent company purchased Woodfield Country Club in Boca Raton. The company has since moved its base of operations to West Palm Beach. Presales at the new Alton development are expected to start in August or September.