Forest Development to Build 1.1 MSF Nautilus 211 Mixed-Use Project in Lake Park, Florida
LAKE PARK, FLA. — Forest Development has received unanimous approval from the City of Lake Park to build Nautilus 211, a mixed-use project featuring condominiums, office space, retail and restaurants. The 1.1 million-square-foot development will rise along the Intracoastal Waterway and overlook the Lake Park Harbor Marina.
The project’s two 23-story towers will house 332 condo units. Amenities for residents will include two pools, pickleball courts, a putting green, game room, children’s play center, private theater, clubroom, resident bowling alley, library and fitness center. A fifth-floor entertainment area will offer a music studio, arts and crafts room, billiards room and Pilates studio. Four guest suites will be available for rent.
In addition to the 332 condos, the project will include 13,000 square feet of office space, 8,058 square feet of retail space and 14,550 square feet of waterfront restaurant space. Five floors of parking will offer 863 spots for both residents and the public.
Construction is scheduled to begin this fall, with completion slated for summer 2023.
The project is the result of five years of planning, according to Peter Baytarian, managing partner of Lake Park-based Forest Development. Pricing has not yet been released, but Baytarian says the initial unit offering will run at a significant discount compared with similar units in Palm Beach County markets.
“Nautilus 211 will bring in more than $1.7 million in annual revenue to the town, which will help us create new programs and potentially reduce taxes, plus generate hundreds of construction jobs and dozens of permanent jobs for area residents,” says Lake Park Mayor Michael O’Rourke.
Miami-based RD Architects designed the buildings, while Fort Lauderdale-based Interiors by Steven G designed the interiors. Kast Construction will serve as general contractor.
— Kristin Hiller