Ocean Palms will have 250 two-, three- and four-bedroom residences, which will range in size from approximately 1,700 sf to more than 3,000 sf. Units will start in the $400,000-range and go up to $2 million for penthouse residences.

Plans call for the building to be built in three tiers: 38 stories, 35 stories and 32 stories. Future plans call for a second phase to be built across State Road A1A at 3100 S. Ocean Drive. It would include a six-story building with 12,000 sf of retail space, 7,000 sf of restaurant space and a 332-space parking garage. The Ocean Palms Condominium will be built on the five-acre east, oceanfront property at 3101 S. Ocean Drive.

The condo project is scheduled to be completed in January 2006, and phase two is slated to open in January 2007.