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Luxury Condo Development Olara Breaks Ground in West Palm Beach, Announces Partnership with José Andrés Group

by Elliman Insider Team

March 2024

New York-based developer Savanna announced a new partnership with the José Andrés Group at Olara , the most anticipated new luxury residential condominium on West Palm Beach’s waterfront. Renowned Chef José Andrés will bring his first new restaurant concept in the Palm Beaches to Olara, which will be open to the public to enjoy. Additionally, residents of Olara will have access to exclusive culinary services, including food and beverage provisions throughout the tower’s amenity spaces and private, in-residence dining. Located on the ground floor of Olara, the new waterfront concept will occupy 8,500 square feet featuring both indoor and outdoor dining to allow guests to embrace al fresco dining. Olara recently celebrated its official start of construction at a groundbreaking ceremony in early March. With the building being readied for 2027 completion, this major construction milestone led by SavCon and Gilbane signifies the transformation of the waterfront of West Palm Beach into a premier destination offering condominium residences, a private dock, world-class culinary experiences and an unprecedented lifestyle for sophisticated clientele. Sales are exclusively handled by Douglas Elliman Development Marketing . Chef José Andrés “We’re excited to be announcing our partnership with José Andrés Group, as well as our groundbreaking on what will become one of the most transformative developments in West Palm Beach,” said Chris Schlank, President and Co-Chairman of Savanna. “We’re introducing a unique luxury residential concept that this area hasn’t seen yet, and we’re excited to collaborate with this impressive chef to elevate the neighborhood not only for our buyers but for the entire community.” Sam Bakhshandehpour, President of José Andrés Group stated, “West Palm Beach has truly become Wall Street South, an epicenter for finance as well as a thriving residential community. The investment being made here in year-round waterfront living is what attracted us at José Andrés Group to be a part of Olara’s ambitious plans for West Palm Beach.” Offering inspiring views of the Atlantic Ocean, Palm Beach Island and the Intracoastal Waterway, Olara is a 26-story tower designed by Arquitectonica to be reflective of the idyllic nautical landscape that surrounds it. The building features 275 private condominium residences, as well as an impressive 80,000 square feet of indoor and outdoor amenity spaces for an unrivaled luxury lifestyle. This includes a 13,000-square-foot fitness center by The Wright Fit that boasts an open-air yoga deck, performance training zones and a recovery and regeneration spa that sets the tone for Olara’s focus on wellness; two swimming pools specifically designated for leisure and lap highlighting Olara’s resort inspiration; and a spa with an array of personalized services available, in addition to a Japanese-style Onsen, sauna, steam and treatment rooms, cold plunge, vitality pools and meditation rooms. With a concept centered around health and wellness, Olara has also partnered with Sollis Health to offer residents exclusive, premier access to the healthcare concierge’s finest medical professionals. Other amenities include co-working spaces and conference rooms, private dock experiences complete with houseboats and seafaring concierge, and a waterfront veranda and juice bar. The grounds will be lushly landscaped by EDSA, extending to a waterfront veranda and library that promotes lounging and relaxation. Olara is a project sponsored by an affiliate of Savanna. Savanna is a proven owner, operator, developer and institutional fund manager that has been in business for 30 years, during which time it has invested in and developed over 17 million square feet of real estate. Other parties affiliated with the sponsorship of the project include the Mactaggart Family Partnership, which has invested in and developed premier real estate projects in the United States and England for over 100 years, as well as Haymes Investment Company and Brandon Rinker, which were instrumental in putting under contract several of the parcels within the assemblage that created the Olara development site. Prices for the two- to four-bedroom plus den homes at Olara begin at $2 million. For more information, please visit the website or contact the sales office at 561-448-3015 or sales@olarawestpalmbeach.com.