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Construction Begins on Luxury Apartment Project in Royal Palm Beach

Lynd Development recently commenced building The Villas at Tuttle Royale, a 401-unit luxury apartment project in Western Palm Beach County. The real estate firm partnered with Tuttle Land Investments on the project, which required a $126 million construction loan from S3 Capital and $21 million in preferred equity from Declaration Partners.

The 401-unit rental community will feature 26 three-story garden-style apartments and 55 townhomes with garages and a private, fenced ground-floor terrace. The units are expected to be delivered in the third quarter of 2024.

“Not very many deals can stomach the increased construction and finance costs happening in today’s market and still be economically viable,” Lynd Group CEO A. David Lynd says. “This project is moving forward due to the lack of available product in the area. Last quarter, Royal Palm was one of the only submarkets in America to report rent increases and we are excited to deliver an amazing, much-needed luxury product to the area.”

The rental units, called the Villas at Tuttle Royale, will offer one, two and three-bedroom units averaging 1,119 square feet, and larger townhomes with three and four bedrooms ranging in size from 1,685 to 2,035 square feet. Rents will start at over $2,000 for a one-bedroom, one-bathroom unit.

Each residence will have high-end finishes and technology built in throughout. Community amenities include a resort-style pool with cabanas, a state-of-the-art fitness facility, a dog park, and lakeside putting and chipping greens. The project also has indoor and outdoor summer kitchens for cooking classes, fire pits, soccer fields, world-class jogging, bike trail and hot/cold plunge pools.

“Lynd is extremely excited to launch this project in Royal Palm,” Anthony Tiritilli says, President of Lynd Development. “This project is part of our overall expansion plan in Florida, and we hope to have more announcements coming soon.”

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.