Developers LD&D and IGEQ, backed by capital partner FrontRange Capital Partners, broke ground on July 17 on a dual-tower transit-oriented development at 506 Datura Street in downtown West Palm Beach, directly beside the Brightline intercity rail station.

What exactly is being built at 506 Datura Street?

The project comprises two structures totaling approximately 350,000 square feet: Alida Residences, a 21-story luxury rental tower with 181 apartment units, and a 112-key hotel operating under the Marriott Tribute Portfolio brand — marking the first Tribute Portfolio property in the West Palm Beach market. Both buildings are expected to deliver in 2028.

  • Alida Residences: 21 stories, 181 luxury rental units
  • Marriott Tribute Portfolio hotel: 112 guest rooms
  • Combined footprint: approximately 350,000 square feet
  • Target delivery: 2028 for both structures

Why does this project matter for downtown West Palm Beach?

Alida Residences will be the first new downtown West Palm Beach high-rise multifamily project to break ground since The Laurel, signaling renewed momentum for vertical residential development in the city's urban core. West Palm Beach Mayor Keith James attended the July 17 groundbreaking ceremony, describing the development as precisely the type of transit-oriented growth the city is actively pursuing.

  • Site sits directly adjacent to the Brightline West Palm Beach station, offering residents and hotel guests immediate rail access
  • The project adds both market-rate housing supply and hospitality inventory to a downtown market that has seen limited new construction
  • Mayor James's public presence at the ceremony underscores municipal support for density near transit infrastructure

What is Brightline's role in shaping this development?

Brightline, the privately operated intercity passenger rail service connecting Miami, Fort Lauderdale, Boca Raton, and West Palm Beach, has emerged as a catalyst for transit-oriented development (TOD) along its corridor. The 506 Datura Street site's adjacency to the Brightline West Palm Beach station was central to the project's positioning, with developers treating rail access as a primary amenity rather than an afterthought. The pattern mirrors similar mixed-use projects that have clustered around Brightline stations in Brickell and downtown Fort Lauderdale.

Who are the developers behind the Alida project?

LD&D and IGEQ are serving as co-developers on the West Palm Beach project, with FrontRange Capital Partners providing equity capital. The development team has not publicly disclosed a total project cost. The groundbreaking on July 17 moves the project from the planning phase into active construction, with a roughly three-and-a-half-year build window before the anticipated 2028 completion.

  • LD&D and IGEQ: co-developers
  • FrontRange Capital Partners: capital partner
  • Total project cost: not publicly disclosed

Original reporting by Connect CRE.