5.36-acre redevelopment opportunity

Investment Overview

839 S Congress Avenue presents a rare large-scale redevelopment opportunity in Palm Springs, FL, positioned along the highly trafficked Congress Avenue corridor. Spanning approximately 5.36 acres, the site is currently improved with an income-producing shopping center and benefits from Commercial Renewal (CR) zoning, allowing for flexible repositioning. A recently completed massing study supports the development of an 8-story mixed-use project totaling approximately 600 multifamily units, complemented by ground floor retail and structured parking. The proposed plan includes a well-balanced unit mix, modern amenity package with central courtyard and pool deck, and integrated parking structure totaling over 800 spaces. With ±10,000 SF of retail frontage, strong visibility, and proximity to surrounding residential neighborhoods and regional employment centers, the property is ideally suited for a high-density multifamily redevelopment. Existing short-term leases provide interim income while preserving full flexibility for redevelopment, re-tenanting, or phased repositioning. This offering represents a scalable infill development opportunity in a supply-constrained submarket, with the ability to deliver a transformative residential project in a rapidly evolving corridor.

Investment Highlights

• 5.36-acre redevelopment site adjacent to Trump International Golf Course
• City-approved density for up to 600 multifamily units (high-level approval)
• Existing shopping center providing short-term income
• Leases structured with no renewal options, allowing redevelopment flexibility
• Opportunity for multifamily, mixed-use, or re-tenanting strategy
• Strong frontage along S Congress Avenue