$60 Million Acquisition Closed for 43-Acre Royal Palm Beach Site as Mixed-Use Redevelopment Moves Forward

Concord Wilshire Capital has closed on the $60 million acquisition of a 43-acre development site at the intersection of State Road 7 and Southern Boulevard in Royal Palm Beach, advancing plans for the rebranding and redevelopment of the property formerly known as Tuttle Royale. The site, which has also been identified in trade coverage as 10629 Acme Road, is planned for a large-scale mixed-use village with 401 multifamily residences, approximately 426,764 square feet of retail space, a 125-key hotel, and an approximately 82,875-square-foot office building.

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Icon Tallahassee Breaks Ground at 730 W. Gaines Street in Tallahassee, Florida

Groundbreaking has taken place for Icon Tallahassee, a nine-story, 804-bed student housing development at 730 W Gaines Street near Florida State University in Tallahassee. The more than $100 million project is being developed by Park7 Group and built by Hoar Construction, with Boarman Kross Vogel Group, Inc. serving as architect, landscape architect, and mechanical, electrical, and structural engineer, Moore Bass Consulting, Inc. as civil engineer, and Susan Brown Design Associates as interior designer. Completion is slated for fall 2028.

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Plant Street Commons Takes Shape at 419 W. Plant Street in Downtown Winter Garden

Construction is underway on Plant Street Commons, a mixed-use development from Atrium Development Group at 419 W. Plant Street in downtown Winter Garden. RLH Construction LLC is the general contractor, Silling Architects is the architect, Atwell is the civil engineer and surveyor, and SouthState Bank is providing construction financing. The site is bounded by Plant Street to the south, North Central Avenue to the east, and Bay Street to the north. Atrium broke ground on August 27, 2025, and completion is targeted for late 2026.

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