Related's Ross Adds Fourth West Palm Beach Tower
Billionaire Steve Ross partners with established development group for another luxury residential project on South Dixie Highway. The Related Companies chairman continues aggressive expansion in Palm Beach County's hot condo market.
Related Companies Chairman Steve Ross will develop his fourth condominium tower in West Palm Beach through a partnership with three established real estate firms already positioned on a prime South Dixie Highway site.
The billionaire developer joins Wexford Real Estate Investors, 13th Floor Investments, and L&L Holding Company on the 2.2-acre parcel, where the partnership plans to construct between 100 and 130 residential units. The project remains unnamed as planning continues for the luxury development.
Ross announced the collaboration just one month after launching sales for Edgeworth, his third planned condominium tower in the market. The timing reflects the developer's accelerated push into Palm Beach County, where luxury residential demand continues driving new construction across prime waterfront and urban locations.
The South Dixie Highway site has attracted development interest since 2021, when the current partnership first began pursuing residential construction plans. Ross's entry brings additional capital and expertise from Related Companies, the firm behind major projects including Hudson Yards in New York and multiple South Florida developments.
Wexford Real Estate Investors manages approximately $5 billion in assets across commercial and residential properties nationwide. The Philadelphia-based firm typically focuses on mixed-use developments in high-growth metropolitan areas. 13th Floor Investments, based in New York, specializes in luxury residential projects and hospitality developments.
L&L Holding Company has developed over 5 million square feet of commercial and residential space, including significant projects in Manhattan and other major markets. The firm's involvement suggests the West Palm Beach project will target high-end buyers seeking luxury amenities and premium finishes.
West Palm Beach has emerged as a major destination for luxury condominium development, driven by population migration from higher-tax states and increased demand for Florida real estate. The city's downtown core and waterfront areas have seen multiple high-rise projects launch over the past three years.
Ross built his fortune developing luxury residential and commercial properties through Related Companies, which he founded in 1972. The firm has completed over $60 billion in real estate transactions and currently manages properties across major U.S. markets. His West Palm Beach expansion aligns with broader South Florida growth trends attracting developers and residents alike.
The partnership expects to finalize project details and begin construction planning over the coming months. No timeline has been announced for groundbreaking or completion of the South Dixie Highway development.
