The Ritz-Carlton Residences, West Palm Beach: The Complete Buyer’s Guide
West Palm Beach’s branded-residence race now has a frontrunner with concrete in the ground. The Ritz-Carlton Residences, West Palm Beach — 138 residences on the North Flagler corridor from Related Group and BH Group — broke ground in March 2026, closed a $200 million construction loan, and put Penthouse A under contract at a corridor-record $16.95 million in June. Here is what buyers need to know.
What is The Ritz-Carlton Residences, West Palm Beach?
A 138-residence branded condominium in the Northwood district of West Palm Beach’s North Flagler corridor, developed by Related Group and BH Group with Intracoastal-to-Palm Beach views. Ground broke March 2026; a $200 million construction loan closed in spring 2026; published entry pricing starts around $3 million (as of September 2026).
What does it cost in 2026?
Entry pricing from roughly $3 million at ~$1,600 per square foot (developer-published, September 2026) — mid-pack among WPB’s branded quartet, under Mandarin Oriental’s ~$1,800/SF and above Mr. C’s ~$1,100/SF. The June 2026 Penthouse A contract at $16.95 million set the corridor’s top print.
| WPB branded project | Corridor | Units | Entry price | ~$/SF | Delivery |
| Ritz-Carlton Residences | North Flagler (Northwood) | 138 | ~$3M | $1,600 | 2028 (broke ground Mar 2026) |
| Mandarin Oriental Residences | North Flagler | 87 | $3.9M | $1,800 | 2030 |
| Banyan Tree Residences | Downtown WPB | 88 | $1.8M | $1,200 | 2029 |
| Mr. C Residences | Downtown WPB | 146 | $1.4M | $1,100 | 2027 (16 of 27 floors, 85%+ sold) |
Who is the developer — and is the project financed?
Related Group and BH Group, South Florida’s most prolific luxury JV, with a $200 million construction facility from Madison Realty Capital closed in spring 2026. Financed, ground broken, and selling — the three boxes that separate real projects from renderings.
The same JV is simultaneously delivering Rosewood Residences Hillsboro Beach (topped out) and Rivage Bal Harbour (under construction) — a current, verifiable track record in exactly this product tier.
When does it deliver, and what is the risk?
The published target is 2028. Ground broke in March 2026, which makes 2028 credible on a standard construction cycle — but unlike topped-out 2027 peers, the date is not yet concrete-verified. The milestone to watch is vertical progress through 2027; we track it monthly in the Delivery Calendar.
Why Northwood instead of the Flagler trophy row?
The South Flagler trophy tier (South Flagler House, Edgeworth, Maison d’Or) now asks $3,000–$5,000+ per square foot. The North Flagler corridor — Ritz-Carlton, Mandarin Oriental, Olara — offers the same water orientation at roughly half the price, betting that WPB’s growth (Vanderbilt, hedge-fund relocations, the office boom Forbes documented in April) pulls the value line north. Palm Beach County’s 6.7 months of supply — the only balanced market in South Florida — supports the bet.
Who is the buyer?
Finance relocators who work in the new WPB office stock and want new construction with brand services; Palm Beach island downsizers who will not cross the bridge for Miami; and a meaningful early-investor cohort betting on the corridor’s repricing, evidenced by the record penthouse contract 21 months before delivery.
Frequently Asked Questions
Where is The Ritz-Carlton Residences, West Palm Beach?
In the Northwood district on West Palm Beach’s North Flagler corridor, overlooking the Intracoastal toward Palm Beach island — the same corridor as Olara and the Mandarin Oriental residences, a mile-plus north of the Flagler trophy row downtown.
What does the Ritz-Carlton West Palm Beach cost?
Published entry pricing starts around $3 million at roughly $1,600 per square foot (as of September 2026). Penthouse A entered contract in June 2026 at $16.95 million — a record for the corridor and a marker of where the top of this building trades.
Who is developing it, and is it financed?
Related Group and BH Group, the most active JV in South Florida luxury. The project broke ground in March 2026 and closed a $200 million construction loan (Madison Realty Capital) in spring 2026 — financing risk, the failure mode that quietly kills pre-construction projects, is off the table.
When does it deliver?
The published target is 2028. Ground broke in March 2026; on a typical 28–34-month construction cycle for a project of this scale, 2028 is credible but not yet concrete-verified — the milestone to watch is vertical progress through 2027.
How many residences will there be?
138 residences (as of September 2026 published plans). That places it between boutique product like Maison d’Or (39) and the corridor’s larger towers like Olara (275).
How does it compare to the other West Palm Beach branded residences?
Four branded projects now compete in WPB: Ritz-Carlton (from ~$3M, 2028), Mandarin Oriental (from ~$3.9M, 2030), Banyan Tree (from ~$1.8M, 2029) and Mr. C (from ~$1.4M, 2027). Ritz-Carlton is the only one from the Related/BH machine and the only one with a corridor-record penthouse contract already signed.
Is West Palm Beach oversupplied?
Palm Beach County is the healthiest market in South Florida right now: 6.7 months of condo supply (versus 12 in Miami-Dade and 10 in Broward), with $1M-plus sales up 36.5% year over year in July 2026. Developers have more pricing leverage in WPB than anywhere else in the region.
What deposit schedule applies?
Expect the current South Florida convention of roughly 30% pre-closing (commonly 10/10/10 at contract, groundbreaking and top-off), with the balance at closing. Confirm the building-specific schedule with the sales gallery; deposit terms have been loosening market-wide since 2025.