Waterview Apartments
Case Studies
Waterview Apartments represents one of the most ambitious development projects within Rich Global’s portfolio, underscoring the firm’s capabilities in large-scale, high-impact real estate development. This $54 million project is a groundbreaking initiative in affordable senior and disabled adult housing, developed in partnership with Sun Foundation, Inc., a Florida 501(c)(3) nonprofit organization, and the Palm Beach County Housing Authority.With 140 thoughtfully designed one-bedroom residences, Waterview Apartments aims to address the critical housing needs of low-income seniors and disabled adults in Mangonia Park while delivering premium living conditions, energy-efficient construction, and long-term sustainability. Rich Global’s role in this transformative development solidifies its leadership in large-scale residential and mixed-use real estate.
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Rich Global, alongside its development partners, has meticulously planned Waterview Apartments to ensure long-term success, resident well-being, and community integration.
- Premier Location & Site Utilization: The 1.67-acre vacant corner lot is positioned in a commercial Planned Unit Development (PUD), offering a peaceful residential setting while maintaining proximity to essential transportation routes such as I-95, Palm Tran bus lines, and the Mangonia Park Tri-Rail Station.
- Sustainable & Resilient Design: The development meets all Florida Housing Finance Corporation (FHFC) Enhanced Structural Systems Construction (ESS Construction) requirements and adheres to the Florida Green Building Coalition’s Green High-Rise Residential Standard.
- Comprehensive Resident Amenities: Designed to enhance quality of life and independence, Waterview Apartments features:
- 24-hour emergency assistance and wellness programs.
- On-site physician offices and home healthcare services.
- Social, recreational, and therapeutic activities.
- A large community room, resident computer stations, and gathering areas.
- Covered parking beneath the residential levels, meeting all municipal requirements.
- High-Quality, Cost-Effective Residences: Each of the 140 one-bedroom apartments includes:
- Energy Star appliances and independent HVAC controls.
- Granite countertops and plywood cabinetry for durability and cost efficiency.
- Smart design elements to reduce long-term operating expenses.
- Economic & Social Value Creation: By delivering high-quality, affordable housing, Rich Global is fulfilling a critical community need while ensuring long-term investment success.
- Strategic Location in a Growth Corridor: The project is positioned within a Bioscience Overlay, offering access to a mixed-use zoning district that is primed for continued economic expansion.
- Municipal Support & Zoning Approvals: The Town of Mangonia Park has proactively worked with the development team to make essential zoning and land-use amendments, ensuring the successful progression of the project.
- Environmental & Infrastructure Enhancements:
- Restoration and reinforcement of the existing retaining wall along the adjacent lake.
- Landscaping, walkways, and seating areas to create an inviting recreational space for residents.
- Traffic and utility studies conducted in collaboration with town officials, ensuring seamless integration into the surrounding community.
- Strong public-private collaboration, ensuring access to funding, regulatory support, and long-term sustainability.
- Demand-driven development, addressing a rapidly growing need for senior and disabled adult housing.
- Strategic site selection, offering a balance of tranquility and urban convenience.
- Municipal-backed growth incentives, enhancing long-term asset appreciation.