West Palm Beach-based Verdex Construction has started construction of the $13.5 million TownePlace Suites by Marriott Hotel in Port St. Lucie. The five-story building at 10460 SW Village Parkway will include 128 guest rooms, totaling 83,000 square feet. The developer is PSL Hospitality. “Verdex is strategically expanding its portfolio of projects across South Florida, and this marks our first project on the Treasure Coast,” says Verdex president Rex Kirby.
The topics of discussion included the current state and future of the city, where luxury is headed and factors driving the demand for real estate in the area.
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The firm will be headquartered in Fort Lauderdale.
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Delivery of completed units is expected to take 24 to 28 months after construction begins.
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Chris Green and Patty Da Silva have merged their business with Mauricio Umansky’s The Agency.
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The Residences will feature 92 exclusive condominium homes.
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The rising cost of housing and the increasing frequency of natural disasters are slowing migration to Florida and Texas metros.
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These proposed updates could finally fulfill the Act’s original promise – bringing critically needed housing to high-cost areas.
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The nine-story residential development is slated for completion in Q2 2027.
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