VISTA RESIDENTIAL PARTNERS ANNOUNCES GROUNDBREAKING OF LUXURY 221 UNIT MULTIFAMILY DEVELOPMENT GARDENS VISTA

PALM BEACH GARDENS, Fla., May 1, 2025 /PRNewswire/ -- Vista Residential Partners, a national multifamily development firm, has broken ground on 6.7 acres on Central Boulevard in Palm Beach Gardens, FL for the development of Gardens Vista, a 221-unit, 4-story luxury apartment community.

The Project is located in the heart of Palm Beach Gardens and benefits from being in close proximity to major throughfares servicing the area (I-95, 0.5 miles away, 149,000 ADT; PGA Blvd, 1.5 miles away). Palm Beach Gardens is a high growth (over 3.3% annually) and affluent submarket ($105K median income) of South Florida and Palm Beach County (Palm Beach Gardens median home sale price: $850,000). Additionally, a Publix-anchored shopping center is less than one mile from the Project. Other nearby points of interest include the Gardens Mall, Downtown PBG, PGA Station, Nova Southeastern University and Joseph Russo Athletic Complex (less than one mile from the Project).

The Spanish colonial styled complex will include 131 one-bedroom, 68 two-bedroom, and 22 three-bedroom apartments. Community amenities feature a nature preserve, two pickleball courts, resort style swimming pool, spacious gym, interactive game room, co-working space, 24/7 package concierge, vehicle charging stations, and a dog park. Designed by Niles Bolton Associates, the apartments will include stainless steel appliances, fully tiled backsplashes, wood-like flooring, tiled shower surrounds, and a washer/dryer in each unit.

"We're excited to launch this vibrant new project as a compliment to the established Palm Beach Gardens community that is in such high demand," says Beck Daniel, Development Partners for Vista Residential Partners.

Vista has agreed to reserve 10% of its units to comply with the City's workforce housing requirement. This aligns with Vista's corporate commitment to provide workforce housing with attainable rents for those who want to live, work, and play in a well-planned community with modern finishes and desirable amenities.

"Although this development took over 3 years to come to fruition, that fact alone speaks volumes about the very high barriers to entry in Palm Beach Gardens. This is a critical reason we were able to attract sophisticated institutional capital to partner with Vista in this exciting project," says Eduardo de Guardiola, Chairman – Founder of Vista Residential Partners.      

Vista has partnered with a global asset manager representing a state-sponsored pension fund in the project and a Midwest insurance company for the financing of the project.

About Vista Residential Partners: Vista Residential Partners was founded in 2000 by Eduardo de Guardiola, an industry veteran with over 30 years of experience in multifamily investments. Headquartered in Atlanta, Georgia, Vista Residential Partners has 9 regional offices nationwide with a focus on the acquisition, development, and construction of multifamily and mixed-use communities. Its development pipeline consists of over 5,500 units nationwide, having an aggregate value in excess of $2 Billion Dollars.

Contact:
Natalie de Guardiola
[email protected]

SOURCE Vista Residential Partners