Related Ross Just Filed Its Next Downtown Tower — 25 Stories at 464 Fern Street

Stephen Ross's Related Ross has filed plans for a new 25-story residential tower at 464 Fern Street, in the middle of downtown West Palm Beach. The plans, submitted to the city's Plans and Plats Review Committee in June and made public in late August, describe 194 residences in two- to four-bedroom layouts, rising roughly 316 feet over a multi-level parking podium.

If you follow this market, that address should make you sit up — because it isn't on the water. Every residential project Related Ross has launched in West Palm Beach to date has been a Flagler Drive story: South Flagler House, the two-tower development that reset the city's price ceiling; Shorecrest, the boutique wellness building on North Flagler; and Edgeworth, the Kohn Pedersen Fox-designed full-block site at 1155 South Flagler. This filing is different. This is the developer that owns most of downtown's Class A office space deciding the downtown core itself is ready for this scale of residential investment.

Photo: Clay LeConey / Unsplash

What the Filing Describes

The site is a 2.64-acre parcel at Fern Street and South Dixie Highway that Related Ross acquired in May for $55 million — a number that tells you how seriously the developer prices this corner of downtown before a single unit exists.

The plans call for:

194 residences, two to four bedrooms. Read that unit mix again — no studios, no one-bedrooms in the filing. At 194 units across 25 stories, these are full-scale homes, not an investor-grade rental matrix. The mix alone says the developer is designing for people who intend to live downtown, not park capital there.

Architecture by Roger Ferris + Partners. This is the firm's second West Palm Beach collaboration with Related Ross, following Shorecrest — a pairing the developer clearly liked enough to repeat.

A fifth-floor amenity level with a lap pool, outdoor bar, landscaped terraces, a fitness center, and a game room, sitting on top of the parking podium.

A street that gives something back. The ground level pairs 4,343 square feet of commercial space with a garden plaza and public art facing South Dixie Highway — the kind of street-level gesture the city has been pushing new towers to deliver, and one that matters on a block pedestrians actually use.

486 parking spaces tucked into the podium levels, a generous ratio for a downtown tower of this size.

What the Filing Doesn't Say — Yet

Two honest caveats before anyone gets ahead of the facts.

First, condo or rental: the plans don't formally declare it, and Related Ross hasn't announced branding, pricing, or a sales program. Early reporting on the May land purchase pointed to a for-sale project, and the unit mix supports that reading — but until the developer says so, treat tenure as expected rather than confirmed. We'll update this article the moment that changes.

Second, timing: the project is still working through the city's review process. No approvals have been granted, no groundbreaking date exists, and no delivery year has been announced. Filings of this kind routinely evolve between first submission and final approval — heights shift, unit counts move, amenity decks get redrawn.

What is confirmed: the land is bought, the architect is hired, and the plans are in front of the city. Related Ross does not spend $55 million on entitlement exercises.

Why This Corner of Downtown

Stand at Fern and South Dixie and you are one block from The Square's restaurants and shops, a short walk from the Brightline station, and five minutes from the Clematis Street waterfront. It is arguably the most walkable unbuilt corner left in the city — which is exactly the argument for building 194 residences on it.

It also extends a pattern we wrote about in our look at West Palm Beach's decade of growth: the development wave that started on the waterfront is moving inland, block by block, and the downtown core is absorbing the kind of institutional capital that used to stop at Flagler Drive. Related Ross has already anchored this stretch with 15 CityPlace and its office holdings. A residential tower is the logical next move — and the fact that it comes from the market's most committed developer, rather than an opportunistic entrant, is the strongest signal in the filing.

For a fuller picture of who this developer is and why their track record matters when you're weighing a pre-construction contract, our guide to Related Ross covers the portfolio building by building.

What This Means If You're Watching the Market

Nothing at 464 Fern Street is for sale today, and anyone suggesting otherwise is ahead of the facts. But if the project confirms as a for-sale building, it will be the first new condo tower of this cycle positioned in the walkable core rather than on the water — a different product, at what will almost certainly be a different price point than the $10M-plus waterfront tier.

The pattern from this market's last several launches is consistent: the buyers who did best were the ones already oriented before sales opened — who knew the developer, understood the corridor, and could move when the first release priced. If a downtown-core residence is the kind of thing you'd want early information on, reach out and we'll flag you the moment there's something real to act on. And if you're weighing new construction against resale more broadly, start with our new construction hub — the pre-construction buyer's guide there walks through exactly how these launches work, from reservation to closing.

This guide is provided by DO Homes Group, West Palm Beach's luxury condo specialists. For personalized recommendations, contact our team.