DDG Starts Construction on Luxury Palm Beach Development

07/14/2017  |  Real Estate Weekly

DDG announced that construction is officially underway at 3550 South Ocean, a new addition to the Palm Beach shoreline. During an exclusive ceremony attended by South Palm Beach Mayor Bonnie Fischer, Douglas Elliman Chairman Howard M. Lorber and DDG CEO and Chairman Joseph A. McMillan, Jr., ground was broken at 3550 South Ocean Boulevard, the location of the luxury condominium. The groundbreaking follows the launch of sales of the building’s 30 two- and three-bedroom residences, which began earlier this year. 3550 South Ocean is already 20-percent sold. Pricing for available residences start at $1.875 million.

To create the building’s modern architecture, DDG has assembled a cast of design-world collaborators including Garcia Stromberg of Palm Beach, Kobi Karp Architecture of Miami and Champalimaud of New York.

Each home in the seven-story building features direct elevator access, private entry foyers, private balconies, direct water views and layouts ranging from 2,700 to over 3,000 square feet. Five penthouses boast private rooftop terraces, as well as Atlantic Ocean views to the east and Intracoastal Waterway views to the west. All residences will be delivered move-in ready.

With construction underway, completion of 3550 South Ocean is expected in late 2018.

Legal Disclaimer

THE COMPLETE OFFERING TERMS ARE IN A CPS-12 APPLICATION AVAILABLE FROM THE OFFEROR. FILE NO. CP17-0062.

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.

This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. This is not an offer to sell, or solicitation of offers to buy, the condominium units in states where such offer or solicitation cannot be made. Obtain the property report required by federal law and read it before signing anything. No federal agency has judged the merits or value, if any, of this property. Improvements, landscaping and amenities depicted may not exist. All drawings are conceptual renderings and the Developer expressly reserves the right to make modifications. Actual views may vary and cannot be guaranteed. Views shown cannot be relied upon as the actual view from any particular unit within the condominium. All dimensions are approximate and all floor plans and development plans are subject to change. The developer does not represent or warrant that the actual dimensions and square footage of the units will be as shown on the floor plans and other promotional materials. Photographs may be stock photography used to depict suggested lifestyles rather than any that may exist.