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Posted: 8:13 a.m. Monday, November 20, 2017

Alexa Ferris is an accommodation leasing agent’s dream: She’s a millennial, a able — and she wants to alive in a architecture abounding with allowances and adjacent activities.

After attractive at abundant city West Palm Beach apartments, Ferris absitively on the new kid in town: The Alexander apartments at 333 Fern St.

The Dixie Design District? New kitchen exhibit livens up WPB

When Ferris moves in afterwards this year, she’ll be adequate a resort-style pool, 24-hour fettle centermost and chargeless bench coffee bar, additional the baptize appearance from her 17th attic apartment. She’ll additionally be advantageous $2,100 a ages for a one-bedroom apartment, which she will allotment with her boyfriend, Dale Jones.

The price, Ferris said, is account it. “I looked at a few buildings, but they didn’t accept as abounding amenities that would address to me,” said Ferris, 25.

Condo sales boom, rentals activity fast as bazaar heats up

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Ferris won’t be alone. Afterwards beneath than three months of leasing, the 205-unit accommodation architecture is 35 percent leased, a anniversary that stuns the association at Ram Realty Services, which handles the building’s leasing.

“I knew there would be aerial demand, but it’s exceeded our expectations,” said Jennifer Stull, managing administrator for Ram Asset Management.

Sales growing for The Bristol on the waterfront

Welcome to the abutting beachcomber of city West Palm Beach living. The Alexander is the aboriginal of three new affluence apartments opening, alluring bodies who appetite to alive in a new rental architecture and are accommodating to pay for the latest amenities.

The Alexander’s rents ambit from $1,825 to $4,000 for units sized from 648 aboveboard anxiety to 1,700 aboveboard feet. Ram hasn’t yet started leasing the top 19th and 20th floors, which affection 12 units on anniversary attic and the best baptize views. When they become accessible to rent, they’ll acceptable go for alike college prices, abnormally with some appearance now actuality added, such as upgraded attic and lighting packages, Stull said.

While there are affluence of condominiums actuality busy to renters downtown, Ferris said they don’t accept the aforementioned appeal. Renters, decidedly adolescent adults, don’t feel as accustomed by owners of condominiums in the building, she said.

But at The Alexander, no one needs to feel shy about renting because anybody there is a renter, too.

It’s a point Stull said she’s heard as well. “I’ve heard added bodies say they don’t appetite to feel like an alien amid address owners,” she said. “These accommodation barrio are advised to be rentals against burst (condominium) buildings.”

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If The Alexander is any indication, it’s not alone millennials who appetite new apartments abundant on amenities and an amenable rental lifestyle. Stull said bodies accept been affairs their city condominiums and affective over to The Alexander, too. She’s additionally seeing bodies affective to The Alexander from burghal homes in western communities, as able-bodied as bodies affective south from the Northeast and arctic from Miami.

Particularly absorbing to renters is the building’s use of technology.

For Ferris, it was the video admission system. Instead of guests accepting to go into the capital antechamber to acquaint aegis if their arrival, guests can esplanade in the garage, use an iPad at the barn admission to the accommodation architecture and again Facetime with the addressee to accretion access. “It’s a way easier check-in action and a bigger aegis measure,” Ferris said.

Stull said the technology is adequately new and is the aboriginal time it has been acclimated by Ram.

The address of the Brightline accelerated alternation is addition agency active tenants. “I’ve had bodies say they are activity to assignment in Fort Lauderdale but alive in West Palm Beach,” Stull said.

Observers may curiosity that renters are accommodating to pay per ages what homeowners pay on a mortgage, but Ferris isn’t fazed. The hire at The Alexander pales in allegory to the $3,500 a ages she now pays in New York, area she works for a above arcade centermost owner.

When she moves in to The Alexander at the end of November, she’ll accept accompany to advice her accomplish the transition. Ferris said she was alerted to the new acreage by a friend, who is affective to the architecture from Atlanta.

The address of new apartments aperture city is not absent on billionaire broker Jeff Greene, who owns a cardinal of key accoutrements city and who has promised to body assorted projects, including several accommodation complexes.

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Earlier this month, he said he was abandoning affairs to body a 12-story, 348-unit “micro-apartment” architecture at Banyan Boulevard and Rosemary Avenue. The 340 to 560 square-foot units would accept been priced at beneath $1,000 a month.

Greene started delivery ambiguity about the address for his apartments aback in February, as he saw the The Alexander advancing achievement and two added city accommodation complexes underway: The 315-unit Broadstone City Center, at 410 Datura St. and the 290-unit Park-Line, amid Datura and Evernia streets west of the Florida East Coast Railway tracks. Park-Line is actuality congenital by Florida East Coast Industries, the ancestor aggregation of the Brightline train. Both accommodation complexes are set to accessible in 2018.

Greene told The Post that he wasn’t acquainted how cher amenities were until afterwards he went through the development action and started appraisement out the micro-apartment project.

Rental ante are a question, too. Greene has bemoaned the actuality that he’s clumsy to accession rents on condominiums he bought in aggregate at City Palm, area he leases out the units as apartments. And he’s questioned how abounding added apartments the city can handle.

But if The Alexander is any indication, a new architecture with the appropriate amenities and vibe will draw bodies in.

Stull, for one, thinks Park-Line and Broadstone City Centermost will do aloof fine: “I anticipate there’s acceptable address in West Palm Beach for a array of units,” she said.

Staff biographer Tony Doris contributed to this column.

Alexandra Clough writes about absolute estate, law and the economy.

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