OLIN Palm Beach
Development timeline
- October 1, 2022Rumor
An OKO Group and Cain International joint venture bought the Ambassador Hotel and Residences site plus an adjacent lakefront building in three deals totaling $147.6 million.
Source: Palm Beach Daily News → - June 24, 2026Permitted
The Palm Beach Architectural Commission granted the remaining design-review approvals the project needed before construction could begin.
Source: Palm Beach Daily News → - July 15, 2026Permitted
A town Planning, Zoning and Building official told the Town Council that early-stage demolition had begun and that staging for the main tear-down was already in place.
Source: Palm Beach Daily News → - August 1, 2026Coming Soon
The project was publicly named OLIN Palm Beach, with a developer site listing 32 residences, architecture by OMA and interiors by GACHOT, and an inquiry form separating buyers into price bands up to $20 million, up to $30 million and over $40 million.
Source: Palm Beach Daily News →
What is still unknown
- published unit sizes and floor plans
- delivery / completion target
- developer-own renderings beyond the single site hero image
My read
This project is in an early, pre-construction stage. Details are not final and may change. Gerardo Gonzalez is an independent licensed agent at Compass providing buyer-side guidance, not the listing or sales brokerage.
Last verified August 2026. This is a live tracker, updated as the radar surfaces verified news. Stages and figures trace to the named sources above; nothing here is a confirmed sale or a solicitation.