Capstone Realty Group achieves a significant milestone with the green light for its debut development venture in South Florida’s vibrant landscape. Securing approval for a 238-unit apartment project in the heart of West Palm Beach marks a strategic move for the Englewood, New Jersey-based firm. The project, aptly named Forum Place, is poised to redefine modern living in the area.
Embracing the spirit of inclusivity, Forum Place is not just about creating living spaces but fostering a sense of community. With 60 workforce-priced units catering to essential service providers and key workers, Capstone underscores its commitment to supporting the local workforce. Mitchell Adelstein, the visionary founder, emphasizes their dedication by prioritizing city heroes like police officers, firefighters, and medical professionals from West Palm hospitals.
The transformation of the 3.7-acre site at 1551 Forum Place signifies Capstone’s forward-thinking approach to urban development. Formerly a commercial space, the future eight-story residential complex promises a harmonious blend of modern design and functionality. Scheduled to commence construction early next year, Forum Place is slated for completion by early 2027, heralding a new era of contemporary living in West Palm Beach.
Capstone’s impressive track record in real estate investment underscores its expertise and reliability. With a portfolio spanning millions of square feet and billions in financing, the firm brings a wealth of experience to its South Florida debut. Beyond Forum Place, Capstone’s presence in the region extends to its office at 1700 Palm Beach Lakes Boulevard, affirming its commitment to the local community.
West Palm Beach’s development landscape is abuzz with activity, mirroring its status as a dynamic urban center. Projects like the Shorecrest building by Related Companies and the upcoming Clearwater Park Road development underscore the city’s growth trajectory. Additionally, initiatives like the Nora District promise to revitalize urban spaces, further enhancing the city’s allure.
As West Palm Beach evolves into a vibrant hub of innovation and opportunity, Capstone Realty Group stands at the forefront, shaping the city’s skyline and community fabric with its visionary projects like Forum Place.
