Olara West Palm Beach: The Complete 2026 Buyer’s Guide
Savanna’s two-tower waterfront development on North Flagler Drive pairs Arquitectonica architecture with 80,000-plus square feet of amenities and South Florida’s first José Andrés signature restaurant — here is what buyers need to know before the 2028 delivery.
What is Olara, and who is developing it?
Olara is a two-tower waterfront development at 1919 North Flagler Drive in West Palm Beach by New York–based Savanna, comprising 287 for-sale condominiums and 170 rental apartments. Arquitectonica’s Bernardo Fort-Brescia designed the architecture; Gabellini Sheppard Associates handles interiors.
Savanna, the Manhattan investment and development firm led by Chris Schlank and Nicholas Bienstock, chose West Palm Beach’s North Flagler corridor for its first major South Florida condominium — the same Intracoastal-facing stretch profiled in our West Palm Beach condo tracker. The design roster runs deep: EDSA is the landscape architect, and Gilbane Building Co. with SavCon serves as contractor. The project is capitalized with a $380 million construction loan from One Investment Management, Sculptor Real Estate, Octo Capital and Zeckendorf Development, closed in March 2025, following a $55.1 million Madison Realty Capital loan in early 2023.
Note that earlier marketing materials cited 275 condominiums; financing-era reporting puts the for-sale count at 287 units in the 26-story condominium tower.
What do residences at Olara cost in 2026?
Pricing starts at $1.7 million, with published asking prices historically running to roughly $10 million for the largest waterfront lines. Residences span approximately 1,500 to 4,200-plus square feet in two- to four-bedroom-plus-den configurations.
That entry point is notable: when Compass assumed sales from Douglas Elliman in late 2025, starting prices were reported at $2 million, so the current $1.7 million threshold gives entry buyers a lower door into the building than a year ago. Blended pricing per square foot is the metric to negotiate around. For context on how Olara’s pricing sits against every active project in the market, see our West Palm Beach luxury condo tracker for August 2026.
| Residence type | Approx. interior SF | Asking price |
|---|---|---|
| 2 bed / 2.5 bath | 1,460–1,800 SF | From $1.7M |
| 3 bed / 3.5 bath | 2,200–3,000 SF | — |
| 4 bed / 4.5 bath | 3,500–4,200 SF | — |
| 4 bed + den / 5.5 bath | 4,500–5,000+ SF | Upper range reported to ~$10M |
Olara unit mix and pricing. Sources: LuxuryDade building profile and Olara official website, as of August 2026; The Real Deal, October 2025.
When does Olara deliver — and how far along is construction?
The developer’s website lists completion in 2028, with vertical construction having reached the 15th floor of 26 stories. Financing-era reporting projected delivery in late 2027 or early 2028, so buyers should underwrite a 2028 move-in.
Construction began in 2024, and the $380 million construction facility closed in March 2025 fully funds the build — the single most important de-risking milestone in any pre-construction purchase. On sales velocity, the project was reported approximately 50 percent presold as of October 2025, when Compass — via the Alison Newton and Chris Deitz team — took over the sales assignment from Douglas Elliman Development Marketing.
What amenities set Olara apart on the waterfront?
Olara’s amenity program exceeds 80,000 square feet and includes South Florida’s first signature restaurant from Michelin-starred chef José Andrés, a five-star spa with Japanese onsen, a 13,000-square-foot fitness center, lap, leisure and rooftop pools, and a private marina.
The José Andrés partnership is the headline: an exclusive South Florida debut for the chef’s group inside the building, it gives Olara a culinary identity that most non-branded towers lack. The wellness stack — onsen, spa, and a fitness facility larger than many standalone gyms — is scaled to serve both the condominium and rental towers, while the private marina puts Intracoastal boating at the base of the building. It is a hospitality-grade package delivered without a hotel flag, a distinction we unpack across the market in our guide to branded residences.
How does Olara compare to Ritz-Carlton Palm Beach Gardens and South Flagler House?
Olara is the volume-and-value play of the three: entry pricing from $1.7 million versus $4.5 million to start at The Ritz-Carlton Residences, Palm Beach Gardens. South Flagler House, Related’s Robert A.M. Stern–designed tower to the south, competes at a substantially higher price point.
The Ritz-Carlton Residences, Palm Beach Gardens offers 106 estate-scale residences of 3,400 to 6,500-plus square feet with a spring/summer 2026 delivery — a fundamentally different product: fewer, larger homes, delivering two years sooner, at more than double Olara’s entry price. South Flagler House trades on Related’s brand and Palm Beach Island adjacency. Olara’s counter-argument is breadth: a lower entry ticket, a larger amenity platform, and the José Andrés restaurant.
Is Olara a good pre-construction buy in 2026?
Olara offers fully financed construction, an institutional sponsor, blue-chip design, and the lowest entry price among major new Intracoastal-front towers — from $1.7 million. The trade-offs: a 2028 delivery and sales pacing that was reported at roughly 50 percent as of October 2025.
The bull case rests on basis. An entry ticket under $2 million for new waterfront construction in a market where branded competitors open at $3.5 million and up gives Olara room to appreciate toward the comparables as delivery approaches. The measured sales pace cuts both ways: it signals negotiating leverage for buyers today, but investors should confirm current absorption before committing. The 2028 timeline also means capital is committed longer than at nearly-complete rivals. For a wider view of what is coming to market this cycle, consult our South Florida pre-construction monthly for August 2026 and the Top 20 new developments ranking.