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Forté Hits Financing Milestone

Two Roads Development and Alpha Blue Ventures, the development team behind Forté, a new waterfront luxury condominium at 1309 South Flagler Drive in West Palm Beach, have secured $121.5 million in construction financing from Bank OZK. The loan will fund construction of the 24-story boutique tower, which is set to commence in December and will be completed in 2024. Approximately 60% of Forté’s 41 residences have already been sold, with the majority of buyers coming from markets across the domestic U.S.

Designed by Bernardo Fort-Brescia of Arquitectonica, with interiors by Jean-Louis Deniot, Forté boasts exclusivity: only two residences per floor, each with sweeping views of Worth Avenue, the Intracoastal Waterway and the Atlantic Ocean. Expansive three- and four-bedroom residences range from 4,200 to 8,400 square feet in size with the option to combine residences for a full-floor home. Forté’s six-bedroom penthouse spans 8,900 enclosed square feet with an additional 2,000-square-foot private rooftop deck that includes a pool, summer kitchen, cabana bath and unmatched 360-degree views

“Closing this loan with Bank OZK is a significant milestone for our team and the broader West Palm Beach residential market,” says James Harpel, Chairman and Senior Partner of Two Roads Development. “Forté’s waterfront location, combined with Bernardo Fort-Brescia’s sophisticated design and the equity we’ve built through strong pre-construction sales, have created a powerful combination that puts us in the position to secure favorable financing.” Unit prices at the luxury tower range from about $6.7 million to in excess of $30 million.

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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.