Greystar Debuts Elan Palm Reserve: A New Standard of Luxury Living in Lake Worth

2 minutes read
by Multifamily Summit
Greystar Debuts Elan Palm Reserve: A New Standard of Luxury Living in Lake Worth

In a notable expansion of its portfolio, Greystar, a premier entity in real estate investment, development, and management, has unveiled that its latest Florida project, Elan Palm Reserve, is now receiving its inaugural residents. Located in the heart of Lake Worth, FL, this multifaceted community offers a blend of luxury and accessibility across its 384 apartments, which include a thoughtful mix of workforce housing and larger family accommodations.

The array of one-, two-, and three-bedroom dwellings, with sizes ranging from 749 to 1,374 square feet, are well-appointed with features that reflect modern living standards. Residents will be greeted with quartz countertops, elegant pendant lighting, and hardwood-style flooring that echoes the warmth of the Floridian environment. Functionalities such as full-size washers and dryers, gourmet kitchens equipped with GE appliances, and balconies or terraces augment the living experience, while certain units further benefit from deluxe fixtures like dual vanity sinks and flexible spaces designed for remote work—a nod to today's evolving workforce dynamics.

Elan Palm Reserve is more than a housing solution; it's an environment created for relaxation and community engagement. Its amenities include a serenity pool with in-water lounging, a chef-inspired poolside kitchen, and atmospheric outdoor venues including a fireside lounge and hammocks nestled alongside scenic trails around a placid lake. Residents seeking active or remote workspaces will find the fitness center and coworking facilities enveloped within a Wi-Fi-connected sphere alongside on-site electric vehicle charging amenities.

Strategically positioned for convenience, Elan Palm Reserve boasts proximity to shopping, beaches, cultural hubs, and dining, with quick access to I-95 connecting residents to South Florida’s metropolitan areas and airports.

In the words of Ana Pedrajo, Senior Director of Development at Greystar, "We are extremely pleased to welcome residents and invite people to come tour Elan Palm Reserve. The community was designed to provide resort-style living and be a retreat for residents, so they feel that they are always in vacation mode.” This emphasis on creating a retreat for the everyday indicates a significant benchmark in Greystar’s mission to cultivate enriching spaces and underscores their commitment to enhancing tenant lifestyles with thoughtful, luxury developments.

investment
real estate operations, multifamily market 2025, occupancy rates, investor strategies
Multifamily Summit

About the Author

Multifamily Summit

The Multifamily Investment Summit is an exclusive, high-level gathering of executives, meticulously designed for a limited audience of multifamily investors, operators, and industry leaders. Unlike traditional events with thousands of attendees, sprawling tradeshow floors, and sponsored speaker panels, this summit breaks the mold.

Related Articles

Weidner Apartment Homes Plans 212-Unit Downtown Wenatchee Development and Historic Jailhouse Restoration
October 15, 2026

Weidner Apartment Homes Plans 212-Unit Downtown Wenatchee Development and Historic Jailhouse Restoration

Weidner Apartment Homes is expanding its presence in downtown Wenatchee with two significant projects. The company announced The Majestic Apartments, a 212-unit, 7-story residential community featuring Art Deco design and underground parking, set for completion in summer 2027. Weidner is also restoring the historic 1910 Wenatchee Jailhouse for food and beverage use in partnership with local restaurant group Dime Food Group, expected to open in 2027.

Prometheus Opens Harken, 172-Unit Community in Los Altos
October 14, 2026

Prometheus Opens Harken, 172-Unit Community in Los Altos

Prometheus Real Estate Group has opened Harken, a 172-unit apartment community in Los Altos, California—the first new apartment project in the area in decades. Located at 5150 El Camino Real, the property features 1- and 2-bedroom residences averaging 1,134 square feet, including 29 below-market-rate affordable units. Amenities include a 24/7 fitness center with Technogym equipment, pool, spa, private listening lounge, and clubhouse. Leasing begins this month with occupancy starting in November.

Griffis Residential Closes First $207 Million for Fund VII, Acquires 263-Unit Property in West Palm Beach
October 13, 2026

Griffis Residential Closes First $207 Million for Fund VII, Acquires 263-Unit Property in West Palm Beach

Griffis Residential announces the first close of Griffis Premium Apartment Fund VII, securing approximately $207 million in capital commitments. The fund continues the company's value-add investment strategy, targeting multifamily communities in markets with strong demographics and favorable supply-demand dynamics. Fund VII has completed its first acquisition, purchasing the 263-unit Griffis North Olive community in West Palm Beach, Florida for $104 million at an estimated 25% discount to replacement cost.

Multifamily Innovation® Technology & AI Summit

Connect with industry leaders and gain insights into the multifamily real estate market. The premier conference for multifamily investment professionals.

Date
December 1-3 2026
Location
Phoenix, Arizona
Register Now