July 14, 2017
DDG and Douglas Elliman’s chairmen attended the 3550 South Ocean groundbreaking ceremony on Wednesday, July 12, 2017. This new development project marks the first new oceanfront condominium to be constructed on Palm Beach Island in over a decade.
According to The Real Deal article from July 12, the seven story, 30 unit condo will offer two and three bedroom units starting at $1.875 million with presales now at 20%. Each unit fill have direct elevator access with private foyer entrance, balconies and water views. There will be five penthouses with private rooftop terraces. Amenities will include seaside salt water pool, fitness studio and beach access. See Real Deal Post
DDG Chairman and CEO Joe McMillan, Douglas Elliman Chairman Howard Lorber and South Palm Beach Mayor Bonnie Fischer were all in attendance for the groundbreaking. Douglas Elliman’s New Development includes many South Florida luxury projects including 3550 South Ocean.