Nora, West Palm Beach's newest planned dining and entertainment district, is starting to rise.

On May 31, an official groundbreaking will take place to transform a run-down part of the city, just north of the downtown, into a zone that evokes Miami's hip Wynwood warehouse district.

When completed, Nora is expected to cost nearly $1 billion to develop, said Ned Grace, co-founder and managing partner of NDT Development in West Palm Beach and a Nora co-developer.

NDT, co-founded by Grace and Damien Barr, is a developer of the White Elephant Hotel (the former Bradley Park Hotel) on Palm Beach as well as an owner of the One Clearlake Centre office building. The Nora Venture also includes Place Projects, an early developer of Miami's Wynwood, and…

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PALM BEACH GARDENS — A 600-student elementary charter school is coming to Avenir.

Palm Beach Gardens has cleared the way for Somerset Academy to build its newest campus in the ever-growing community on the western edge of the city.

The school would serve students in kindergarten through fifth grade and is planned for 7.26 acres on the south side of Avenir Drive, about 1,500 feet west of the Avenir Drive-Coconut Boulevard roundabout.

It will be a STEM school, meaning there will be a focus on science, engineering, technology and math, said Ken Tuma with Urban Design Studio of West Palm Beach, the agent for the school project.

"Somerset is a family environment,” Marla Devitt, a representative for Academica, Somerset's parent company, told the…

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The city has annexed 301 acres of commercial land along western Northlake Boulevard neighboring near what will be its newest and most modern community.

The grab of an extra 300 acres of now mostly vacant land wouldn’t have made sense decades ago when Avenir wasn’t yet annexed into Palm Beach Gardens. But the build-out of what will soon be a new, burgeoning addition to the city makes this annexation the next step for Palm Beach Gardens’ growth and squaring off its western border.

The city council unanimously approved the annexation at its meeting May 4.

"I am fully supportive of the annexation," Councilmember Marcie Tinsley said that night. "It is an opportunity to round out our borders. It's been a goal of ours for years and years to annex those…

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Catalfumo Cos. obtained a $340-million construction loan for the Ritz-Carlton Residences, Palm Beach Gardens.

New York-based Madison Realty Capital provided the mortgage for the 106-unit project at 2200 PG Blvd., covering 11 acres along the Intracoastal Waterway. The seven-story condo project will have its own marina with 29 slips.

"We are honored to be working with Madison Realty Capital, which has been unwaveringly supportive," stated Daniel Catalfumo, founder of Catalfumo Cos. “The development of the Ritz-Carlton Residences, Palm Beach Gardens marks a significant milestone for our organization, and Catalfumo Companies is elated to contribute to the development of the surrounding community through this project.”

After launching sales in…

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