Northwood District Renovations in Downtown West Palm Beach

Published: March 19th, 2026 | Updated: May 14th, 2026

A $117 million construction loan, 382 luxury apartments, and 60,000 square feet of retail: The District at Northwood is set to transform the neighborhood.

Key Takeaways

The District at Northwood will deliver 382 apartments and 60,772 square feet of retail space to a 4.68-acre CRA site.
Centennial Bank provided a $117 million construction loan, with delivery now targeting Q4 2026.
The project sits in a corridor seeing simultaneous investment from The Breakers, the Nora District, and the Northwood Road extension.

If you're looking for investment opportunities in West Palm Beach, the northern corridor deserves your attention. The District at Northwood isn't just another apartment project. It's a CRA-backed mixed-use development at the edge of an arts district that's been building momentum for years. When the city puts taxpayer dollars behind a site, it's a signal about where priorities are heading.

What is The District at Northwood?

The project is a partnership between Immocorp Capital and Beachwold Residential Group. It sits on a 4.68-acre site held through a land lease with the West Palm Beach Community Redevelopment Agency.

Residential: 382 luxury apartments with a rooftop pool and spa, a private fitness center, and a racquetball court. Parking covers 577 spaces, including a full garage.

Retail: Over 60,000 square feet of Class A ground-floor retail and restaurant space. A 22,131-square-foot anchor space is still available. Katz and Associates handles leasing exclusively.

First tenant signed: Miami-based Elev8tion Fitness signed a 10-year lease for 7,617 square feet. It will be their first West Palm Beach location. More tenants are expected as the project gets closer to opening.

Kobi Karp designed the building. The site sits less than 2 miles north of downtown West Palm Beach, with delivery now targeting Q4 2026 (pushed back from an original Q1 projection).

Why does the CRA involvement matter?

This project is built on CRA land. That's significant.

As Larry Mastropieri explained on the Discover South Florida Podcast: "The CRA has been aggregating this land to help this process along. They're acquiring land with taxpayer dollars and then structuring deals with private companies to sell it to them, so they can build these big projects. This is a cornerstone of the Northwood expansion. It's a bet that this area is going to improve."

When the city has already underwritten the risk of activating a site, private investment in the surrounding blocks tends to follow. The CRA's involvement is a direct sign of where West Palm Beach is putting its priorities.

Looking at properties near Northwood? This corridor is transitioning fast. Talk to a real estate agent in West Palm Beach who tracks infill development. Reach out to The Mastropieri Group or call (561) 556-9853.

What else is happening in this corridor?

The District at Northwood isn't isolated. The northern West Palm Beach corridor is attracting significant investment from multiple directions right now.

The Breakers workforce housing: About half a mile south on North Australian Avenue, The Breakers is building 155 employee apartments on an $11.4 million land assemblage. When a billion-dollar resort starts buying land in your corridor, it says something about where the market is heading.

Nora District: Roughly a mile northeast, emerging as one of the most talked-about lifestyle hubs near downtown. As we covered in the first condo planned in the Nora District, this area is attracting serious investment.

Northwood Road extension: Earlier in 2025, city commissioners made a land swap deal with Jeff Greene to extend Northwood Road to Currie Park. That extension could unlock more development parcels along the corridor.

Olara: About a mile east on Flagler Drive, two 26-story luxury waterfront condo towers are rising.

What does this mean for buyers and investors near Northwood?

Northwood has been building its identity for years. Adding 382 apartments and 60,000 square feet of retail in one project is the kind of move that turns a neighborhood into a destination.

For investors: Immocorp, the developer here, is the same firm behind the $430 million BEKO Equities bid to buy out condo owners at Portofino South and Flagler Yacht Club. One developer is placing two major bets on West Palm Beach at the same time. That's conviction.

For homeowners nearby: Density and retail are coming to this corridor. The question is whether you position ahead of the transition or react after values have already moved.

For buyers watching the area: Factor in everything happening nearby. The Breakers housing, the Nora District, and the Northwood Road extension. Each move matters on its own. Together, they point to a part of the city in active transformation.

Keep an eye on what fills the anchor retail space. That tenant will say a lot about the direction of the whole district.

FAQs about The District at Northwood

How many apartments will The District at Northwood have?

The project will deliver 382 luxury apartments with amenities including a rooftop pool and spa, private fitness center, racquetball court, and 577 parking spaces.

When will The District at Northwood open?

Delivery is now targeting Q4 2026, pushed back from an original Q1 2026 projection.

Who is developing The District at Northwood?

The project is a partnership between Miami-based Immocorp Capital and Beachwold Residential Group. Kobi Karp is the architect. Centennial Bank provided a $117 million construction loan.

What retail is coming to The District at Northwood?

The ground floor includes over 60,000 square feet of retail and restaurant space. Elev8tion Fitness has signed a 10-year lease for 7,617 square feet. A 22,131-square-foot anchor space is still available.

Why is the West Palm Beach CRA involved in this project?

The site is held through a land lease with the West Palm Beach Community Redevelopment Agency. The CRA assembled and activated the land using taxpayer dollars, then structured a deal with private developers to build the project. This signals where the city is prioritizing investment.

Local help for buyers and investors in West Palm Beach

Buying, selling, or investing in West Palm Beach, Palm Beach Gardens, or Jupiter? Understanding how CRA-backed development and infill projects shape property values matters. Reach out to The Mastropieri Group, Realtors®.

For help across Palm Beach County, call (561) 556-9853.