New development in West Palm Beach to offer affordable housing, commercial space

New development in West Palm Beach to offer affordable housing, commercial space

WEST PALM BEACH, Fla. — The development of Northwood Square, a new residential and commercial project in West Palm Beach, broke ground Thursday morning.

The multi-million dollar project will include three separate buildings, featuring 382 residential units and approximately 60,000 square feet of commercial space for restaurants and stores.

Additionally, the development will include 10,000 square feet reserved for parking and a public plaza for people to walk through.

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One of the most notable aspects of the project is the inclusion of affordable housing. Ten percent of the units will be below market rate by 10 percent for police officers, firefighters, teachers, and medical technicians for a period of five years.

West Palm Beach Mayor Keith James emphasized the importance of new projects like this in the city.

“It shows that we are getting ahead of growth. We are not letting growth overtake us, but we are trying to be proactive to what our needs are. Including affordable housing. Where are nurses are going to live, where our schoolteachers are going to live. Where the office workers are going to live, that’s the housing that we are talking about,” he said.

Officials hope to have the project completed by 2025.

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