PALM BEACH, FL—Archstone just started construction on a new multifamily property in Royal Palm Beach. The multifamily project is a joint venture with Futura Acquisitions Group.

Currently known as the Enclave at Wellington, the multifamily complex will feature 268 apartment homes at the corner of Highway 441 and Anthony Groves Road. That’s adjacent to the Anthony Groves Plaza shopping center.

“The community will be set back from the heavily traveled road and buffered by a new lake and a nature and fitness park,” Avery Klann, lead broker on the deal for ARA, said in a statement. “Residents will enjoy the quiet seclusion of a unique, luxurious and cultured country lifestyle, while benefitting from quick and convenient access to the many retail, entertainment and employment centers located along the State Road 7 corridor and nearby town centers, such as downtown West Palm Beach, located within a 20-minute drive to the east.”