Where the Project Stands
Sales are underway through Compass Development Marketing Group, which works for the developer. Our companion story covers the company and the concept in full. The project is financed, the operators are engaged, and the developer's site reports the tower at the 18th floor. Delivery is targeted for 2028.
That stage changes the shape of the risk. Nobody signing now is wondering whether a tower will rise, the way a buyer at an unbuilt project must. What remains open is schedule, finish and the documents that will govern life in the building. Buyer representation stays separate from the sales gallery, and the developer pays our fee at this project. Our county guide to new construction purchases covers the general mechanics behind everything below.
- Contract now: the tower is at the 18th of 26 floors
- Delivery target 2028, on the contract's terms
The developer's published milestones via olarawestpalmbeach.com and our building page, September 2026. Delivery is a target, and your agreement states the outside date and remedies.
The Contract Is the Product
A preconstruction purchase is a contract long before it is a home. Renderings and finish samples are marketing materials. The unit plan, square footage and specification schedule attached to the contract are what govern, and the developer's own materials say so plainly. The contract also sets an outside completion date and the remedies if it passes, which matters more than any marketed year.
Two more clauses deserve early attention. Many developers restrict assignment and resale before closing, so a buyer who may want flexibility should confirm the position in writing before signing. Title deserves the same timing, and our guide to holding Florida property explains the structures before your attorney tailors one to you.
Source: the developer's published materials and our building page, September 2026, subject to change.
Fifteen Days That Do the Real Work
Florida grants the buyer of a new condominium a rescission period of fifteen days after signing and receiving the condominium documents. Inside that window the contract can be cancelled without penalty, and after it closes the developer's agreement controls nearly everything. The window is short, so it should be spent on the documents rather than the brochure.
At Olara the open items give that review a concrete agenda. Association fees are not final during the sales phase, and the budget behind an amenity program of this size is worth reading line by line once it arrives. The condominium declaration, which will set the rental rules for all 275 residences, has not been published. The Sollis Health and José Andrés programs may carry separate membership or usage fees. Your attorney reads all of it inside the window, and cancelling is the remedy if the answers disappoint.
Deposits, Fees and the Wait
Purchases run on a staged deposit schedule, with instalments tied to construction milestones through to closing. The agreement states the amounts and timing, and the escrow arrangements belong in the same early conversation. A buyer signing this season funds deposits for roughly two years before keys. Financing has to be sized for a closing date the developer sets by notice.
Budget the carrying costs from delivery rather than from purchase. Association dues, taxes and insurance begin at closing, not at contract. None of this is exotic, and all of it is confirmable in writing before the window closes.
Source: the developer's published materials and Florida's condominium framework, described generally. Your agreement and attorney confirm every term, amount and date
What Is on the Market Now
One residence is on the multiple listing service (MLS) feed this week, and the table below links to it. Developer inventory and early resales move quietly at this stage, so the public feed is a floor on what can be bought rather than the whole of it. No closing has been recorded at the project, because closings begin at delivery. The building page carries the live feed, the specifications and the amenity program in one place.
palmbeachluxury.com building page feed. Asking price, not a recorded result. Developer inventory sells through the gallery and does not appear here
What Else the Money Buys
The same budget has other doors on this waterfront, and seeing them sharpens the decision. The Ritz-Carlton Residences south of the site asks from $3 million for branded service on the same 2028 calendar. Alba in Northwood is the corridor's finished answer, with closings recorded and homes you can walk today. The pipeline page holds the full county field, and our West Palm Beach guide covers the neighborhoods behind the addresses.
Every figure and date here comes from the developer's published materials and our Olara building page, cached September 14, 2026, and each can change. Prices are the developer's stated range plus one open MLS listing. All are asking figures, and the project has no recorded closing. Florida grants a fifteen day rescission period on new condominium purchases under the state's condominium statute, described here at a general level. Deposit mechanics are described at the same general level, and the purchase itself runs on the developer's contract. Your attorney confirms every term, amount and date before you rely on any of them. As real estate agents we coordinate with your counsel, and the developer typically compensates us rather than the buyer.
This is buying-process guidance, not legal or investment advice.
The developer's published materials at olarawestpalmbeach.com, September 2026.
Florida's published condominium framework.
Palm Beach Luxury: the Olara building page, the companion Olara story, the county new construction guide and the deed structures guide.
