WALL STREET SOUTH
Fast forward, five years later and there are about 24 residential developments in the works totaling almost 7000 units in West Palm Beach. The pandemic allowed people to work remotely, even Wall Streeters, many of whom set up shop in Palm Beach and never left. The allure of an income tax-free state like Florida was too tempting. So, “Wall Street South” was christened here and along with it, many wealthy new inhabitants came, all needing luxury housing options. Many moved their companies too. So entire offices of hedge funders and numerous other financial firms created demand for new office space. Thus, both the residential and commercial booms blossomed in West Palm Beach post pandemic.
MIAMI-FICATION OF WEST PALM BEACH
Get ready Palm Beach, Miami is coming for you. Some fear the “Miami-fication” of West Palm Beach, but many embrace it. It’s time for the tropical winter headquarters of society’s old-money stuck in a cultural bubble living in what they call “quiet luxury” to get a wake-up call. Get ready for sleeker, sexier, new glass towers to hit the landscape of West Palm Beach. And along with it, the branding of West Palm Beach.
ARTSY NORA DISTRICT
A bit of the flavor of Miami’s Wynwood Arts District is also coming to West Palm Beach. It is named the NORA District (North of Railroad Avenue), a 40-acre neighborhood with a cobblestone Main Street and 15 acres of new development. It will include shops, galleries, restaurants, hotels and residential condos painting a more artsy fartsy feeling to the area.