Before You Sign at Shorecrest

Where the Project Stands

Shorecrest is Related Ross's second condominium in West Palm Beach, and the building page carries its census. The tower arrives after South Flagler House two miles south and follows The Laurel, the firm's completed 322-unit rental on the same waterfront. The site was acquired from Temple Israel, and the tower holds 98 residences across 28 stories, four to a floor, every one a corner. GoldenTree is the construction lender, and the deposits a buyer pays fund a building already moving, on instalments tied to construction milestones through to closing.

Corcoran Sunshine Marketing Group runs the sales program, and its client is the developer, not the buyer. Buyer representation is a separate seat at the table, paid for by the developer at this project, so our advice costs the buyer nothing. The ladder of neighbors on the pipeline hub frames every number the gallery quotes.

Fifteen Days to Read Everything

Fifteen days is what the statute allows. Florida lets a new condominium buyer cancel without penalty inside that window, counted from signing and receiving the condominium documents, and at Shorecrest the two papers worth the whole window are the draft declaration and whatever the developer will show of the Equinox budget. What binds you is the contract set: the unit plan, the stated square footage and the specification schedule attached to the agreement. The corner renderings and the amenity descriptions are marketing, and nothing in them survives unless the documents repeat it.

The clause your attorney reads first is the outside completion date and its remedies, because the marketed year is a target the contract does not promise. Completion dates move, and the agreement states what follows when this one does. Florida's condominium law also requires developer deposits on new construction to sit in escrow, and the purchase agreement states how and where, so ask for the escrow agent's name in writing. Settle title in the same stretch, since the entity that signs is easier to arrange before the contract than after it.

The Assessment Question

The monthly assessment has not been finalized, and it is the number that funds the building's defining promise. New Intracoastal buildings in West Palm Beach with operator-run amenities assess monthly on a per square foot basis, and the final figure depends on the operating budget and the reserve structure. The Equinox operation is structural rather than licensed, since Stephen M. Ross holds an ownership stake in the brand, so the program is a fixture of the building and its cost will arrive as a monthly line. We obtain the developer's projected budget for any residence a client is weighing, and the number belongs in the arithmetic before the window closes.

Two more costs start at closing rather than at contract. Dues, taxes and insurance begin when you take title, so budget them from the delivery date. Property tax runs on the combined county, city and school millage against assessed value, a pre-construction purchase is first taxed on land value and reassessed after the certificate of occupancy, and the first full year after delivery usually carries the higher bill. Florida levies no state income tax, and homesteaded owners receive a $50,000 exemption. The homestead figures and the reassessment mechanics are general Florida law rather than anything particular to this building, and a tax advisor confirms how they land for you.

Rentals, Resale and the Contract

Rental policy has not been finalized. New-construction condominiums in West Palm Beach typically impose minimum lease terms, often 30 days to one year, and some restrict short-term rentals entirely. Buyers purchasing for investment or seasonal use should request the draft declaration of condominium and read the rental provisions before executing a contract. The Laurel offers no precedent, since it is a rental building rather than a condominium. South Flagler House's restrictions may read closer, though each building's declaration differs.

Resale offers no history to consult. Until Shorecrest delivers, nothing here has closed once, let alone traded twice, and what yours is worth at the keys belongs to that later market rather than to today's contract price. The assignment provisions decide whether a buyer can even reach that market before closing. Contracts at this stage often bar assignment until delivery, so a buyer who values the option gets the position in writing before signing.

What Else the Money Buys

A budget that reaches Shorecrest reaches its neighbors too, and reading them side by side sharpens the choice. Olara next door at 1919 North Flagler opened from a reported $1.7M at resort scale, targeted for 2028, and our Olara buying guide walks its own checks. Alba delivered in 2026 farther north in Northwood and already trades on a recorded ledger. South Flagler House, the Related Ross sister building, opens at $8.5M, and our South Flagler House guide covers it. The calendar matters inside the wider pipeline too. The county delivers 380 residences in 2027, with Shorecrest sharing the year with Mr. C, South Flagler House and Glass House, and a larger wave follows the year after. The gallery quotes one building. The decision deserves the field.