Related Ross Files 25-Story Tower at 464 Fern in West Palm
The filing adds a residential tower to a downtown pipeline where Related Ross has otherwise been building office.
Related Ross has filed plans for a 25-story, 194-unit residential tower at 464 Fern Street in downtown West Palm Beach, according to Florida YIMBY. The roughly 316-foot building, designed by Roger Ferris + Partners, would add 4,343 square feet of ground-floor commercial space and 486 parking spaces on a 2.64-acre site the developer bought for $55 million in May.
Why it matters
Related Ross has spent the past two years stacking up office towers in downtown West Palm Beach, from 360 Rosemary and One Flagler to 515 Fern and 10/15 CityPlace, as The American Developer has tracked. The 464 Fern filing is different: it is a ground-up residential tower, not office space, and it lands in the same corridor where the firm has otherwise been leasing up Wall Street tenants. Plans went to the West Palm Beach Plans and Plats Review Committee in June, putting the project into the city’s formal review pipeline alongside the developer’s office towers still under construction a few blocks away.
The numbers
The filing calls for 194 residences across 25 stories, reaching approximately 316 feet, with 4,343 square feet of commercial space at ground level. Parking totals 486 spaces, a ratio of roughly 2.5 spaces per unit, notably higher than the parking ratios typical of newer downtown residential towers in the market. Related Ross paid $55 million for the 2.64-acre assemblage in May 2026, which pencils to roughly $283,000 in land cost alone for each of the 194 planned units before construction costs are added.
What’s next
The project now moves through West Palm Beach’s Plans and Plats Review Committee process, the same entitlement track that precedes site plan approval for towers of this scale downtown. No construction timeline or start date has been disclosed. The filing extends a downtown pipeline where Related Ross has been almost entirely office-focused, and a residential tower on Fern Street would put the firm in direct competition for downtown renters just as its office towers finish leasing up around Cleveland Clinic and Greenberg Traurig anchors a few blocks north.
On the record
What we checked ourselves, and where you can check it too.
- Our dataThe $55 million purchase price on the 2.64-acre site works out to roughly $283,000 in land cost per planned residential unit before a shovel goes in the ground, and the 486 parking spaces for 194 units is a ratio of roughly 2.5 spaces per unit, well above what downtown WPB residential towers typically build.
- Our coverageOur August 21 coverage tallied Related Ross's downtown build-out at roughly 570,000 square feet of office delivered and 946,000 square feet under construction across 515 Fern and 10/15 CityPlace; the 464 Fern filing is the firm's first ground-up residential tower in that same office-heavy corridor.Read our earlier story →