Palm Beach Island, Florida

The First New Condo
on Palm Beach Island
in Over 20 Years.

A historic approval on South Ocean Boulevard. Designed by Rem Koolhaas / OMA. Developed by OKO Group and Cain International. A new benchmark for exclusivity, design, and service on the island.

Our Position
A Once-in-a-Generation Opportunity.
Don't Watch From the Sidelines.

New condominium ownership on Palm Beach Island proper has not been available for over two decades. This is not a repositioned building or a renovation — it is entirely new construction, on one of the most coveted oceanfront sites in America, designed by a Pritzker Prize-winning architect. Opportunities like this do not repeat. Secure your position before the public launch.

20+
Years since the last new condo was approved
on Palm Beach Island.

Palm Beach's restrictive zoning, preservation-focused town council, and severely limited developable land have blocked new condominium development for a generation. The approval granted to OKO Group and Cain International for the former Ambassador Hotel site on South Ocean Boulevard is a historic exception — made possible only by the calibre of the development group and the sensitivity of OMA's low-rise architectural approach.

First New Condo in 20+ Years · Palm Beach Island · OMA / Rem Koolhaas · OKO Group & Cain International · From $12 Million · Private Preview Access · First New Condo in 20+ Years · Palm Beach Island · OMA / Rem Koolhaas · OKO Group & Cain International · From $12 Million · Private Preview Access ·
Architecture
OMA / Rem Koolhaas

Pritzker Prize laureate. One of the most influential architects alive. This is OMA's first luxury residential commission on Palm Beach Island — among the most significant in the firm's history.

Developers
OKO Group & Cain International

OKO Group are global ultra-luxury developers and owners of Aman Resorts. Cain International are a leading private real estate investment firm. Together, a formidable partnership.

Service Calibre
Aman-Informed Living

OKO Group own Aman Resorts — the world's most discreet luxury hospitality brand. While Aman is not the named operator, their ownership signals the calibre of facilities and lifestyle residents can anticipate.

Building with beach and ocean backdrop
South Ocean Boulevard · Palm Beach Island
The Site

Palm Beach.
Not West Palm.
There Is a Difference.

Three interconnected five-story buildings set across 4.9 oceanfront acres on South Ocean Boulevard — the former Ambassador Hotel site. Designed to honor the island's 55-foot height limit while creating a private enclave where landscape, light, and ocean define daily life. Not a tower. A considered, low-rise estate experience at a scale Palm Beach has not seen approved in over two decades.

4.9
Oceanfront Acres
3
Connected Buildings
55 ft
Max Height
Private Enclave courtyard with three buildings
Pool and garden view
Exterior close-up with ocean
Sunset amenity terrace
Private terrace dining
Two buildings through tropical landscape
OMA / Rem Koolhaas

"Integration with the natural oceanfront landscape — not competing with it."

OMA, led by Pritzker Prize-winning architect Rem Koolhaas, designed this as one of the most significant residential commissions in the firm's history. Three low-rise buildings honor Palm Beach's strict 55-foot height limit while forming a private enclave that allows landscape, light, and ocean to lead. The architectural sensitivity — understated and deeply site-integrated — was instrumental in securing the town's historic approval after more than two decades of no new condo development on the island.

First
OMA Project on PB Island
55 ft
Height Limit Honored
4.9 ac
Oceanfront Private Enclave
20+
Years Since Last Approval
Building facades with beach and ocean
The Trophy Project

A New Benchmark
for Palm Beach

Palm Beach's green light for OKO Group and Cain International signals something larger than one project. It is a reset — for pricing, for design quality, and for what the island's ultra-luxury market will demand going forward.

New pricing ceiling. Pricing is rumored to start well over $10M — redefining the top of the Palm Beach market.

Design standard reset. OMA's approach will raise expectations for every future development on the island.

Catalyst for the market. This approval may prompt owners of aging oceanfront stock to reimagine their sites entirely.

Clear investor signal. Ultra-luxury coastal redevelopment in Palm Beach is active again — and this leads the charge.

Two buildings through tropical landscape
Pricing

Eight Figures.
By Any Measure.

Based on the reported sizes of the residences and the true scarcity of the site and project, it is likely the majority of residences will be priced in the low to mid eight-figures — reflecting the true pedigree of the design and the singular standard of the address. Palm Beach has not seen new oceanfront condominium product in over two decades. When it arrives at this calibre, it does not come at a discount.

Pricing estimates are based on publicly reported figures exceeding $5,000 per square foot and independently verified market analysis.

Private terrace with pool and intracoastal views
Why Register Now

Your Advantage Starts Here

Quick Answers

What Buyers Are Asking

Is this really the first new condo on Palm Beach Island in over 20 years?

Yes. Palm Beach Island's restrictive zoning, preservation-focused town council, and severely limited developable land have prevented new condominium development for a generation. This approval is a historic exception.

What is the difference between Palm Beach and West Palm Beach?

Palm Beach is a barrier island with its own town government, strict preservation laws, and extremely limited development. West Palm Beach is the mainland city across the Intracoastal Waterway. They are entirely different markets — in exclusivity, pricing, and lifestyle.

Who are the developers and architect?

The project is developed by OKO Group — a global ultra-luxury developer and owner of Aman Resorts — in partnership with Cain International. The architecture is by OMA, led by Pritzker Prize laureate Rem Koolhaas. This is OMA's first luxury residential commission on Palm Beach Island.

What is the expected pricing?

Based on publicly reported figures exceeding $5,000 per square foot, residences are expected to be priced in the low to mid eight-figures. Expect the price range to be $11M to $100M+. Formal pricing will be established shortly and we will be sharing with clients who are engaged contractually with our firm.

What does registration commit me to?

Nothing. Registration is entirely complimentary and without obligation. It places you on a private list to receive direct contact from our team when pricing and availability are released — before the public launch.

Why work with us?

We are extending private, early access to a select group of qualified buyers ahead of any public sales announcement. Our goal is consistency and 1st Tier pricing to allow for the maximum pricing advantage for purchasers in this unique and highly sought after legacy project.

Private Registration

Be First.

Public sales have not launched. We are quietly building a short list of qualified buyers who want direct, early contact when pricing and availability are released. Spaces on this list are limited.

Registration is complimentary, confidential, and carries no obligation whatsoever. A member of our team will reach out personally.

Register Your Interest

Confidential · No Obligation · Palm Beach Island

By registering you consent to receive communications from Palm Beach Island Advisors regarding this and related opportunities. Your information is held in strict confidence and never shared. No binding agreement is created. This is not an offer to sell.