Drive the corner of State Road 7 and Southern Boulevard in Royal Palm Beach today and you'll still find what residents have been describing for years: an empty dirt field behind a chain-link fence, sitting next to apartment buildings and single-family homes that are very much finished. As WPTV reported earlier this year, Alycia Emmons moved into a neighboring community expecting a walkable Main Street to open up next door and said, "It's disappointing, we moved over here literally for this." WPTV also quoted her neighbor Darnell Cinevert, who guessed the project had been stalled for three to five years: "I don't think it's ever going to get built."
That field has a name, or had one: Tuttle Royale, later marketed as Main Street at Tuttle Royale. In April 2026 it sold out of bankruptcy for $60 million to a new owner, For buyers comparing new-construction communities near Southern Boulevard, the key status is that the proposed walkable downtown has not yet begun construction.
The Debt, Foreclosure and Bankruptcy
The original developer, Brian Tuttle, built his reputation assembling land and securing entitlements, then selling finished, permitted sites to builders before construction started. Tuttle Royale was his first attempt at building the thing himself, a roughly 200-acre master plan that was supposed to include over 1,600 apartment units, more than 700,000 square feet of retail and mixed-use space, a school site, a public park, and about 100 single-family homes. The 43-acre commercial core at the heart of it won full city approval in April 2023 for 341,000 square feet of retail, 401 apartments, 125 hotel rooms, and an 82,000-square-foot office building.
The project then faced foreclosure proceedings. Fort Lauderdale lender Fuse Group, led by Eyal Peretz, filed a $38.4 million foreclosure action in 2024 across three loans on the property. A Palm Beach County court eventually entered a judgment against Tuttle's affiliate for $47.8 million. Facing a court-ordered auction, Tuttle's development entity, Main Street at Tuttle Royale LLC, filed for Chapter 11 in September 2025. Fuse argued in court filings that the bankruptcy was a stall tactic, a way to keep the lender "at bay" while Tuttle searched for what the lender's own filing called a white knight.
The reorganization plan that emerged from bankruptcy court gave two paths forward. Under the first, Los Angeles-based Concord Wilshire Capital would buy the site for $60 million with no equity retained by Tuttle. Under the second, Atlanta-based Ardent Companies would step in for only $50 million, a structure that would have let Tuttle keep a piece of the project. That $10 million gap in outcomes is where things got contentious. Concord Wilshire discovered that one of its own purchase partners, ECI Group, had quietly partnered with Ardent instead, then pulled out of the Concord deal entirely. Concord sued, accusing Tuttle and his affiliates of trying to sabotage its purchase and steer the sale toward the option that preserved his equity. Bankruptcy Judge Erik Kimball sided with Concord and ordered the sale closed by a fixed deadline. It closed on schedule in mid-April 2026, and Concord Wilshire paid the full $60 million for clear title, with Tuttle keeping nothing.
What Actually Changed, and What Didn't
Concord Wilshire has made public statements about the project since the closing. In a Florida YIMBY report, President Nate Sirang called the closing "the transition of this project from vision to execution." The report also quoted Managing Director of Construction Bromley Kelly describing a "thoughtfully designed, mixed-use community that will create a true sense of place." The unit counts barely moved: 401 multifamily residences, a 125-key hotel, an 82,875-square-foot office building, and roughly 426,764 square feet of retail, meaning the retail footprint actually grew from the original 341,000-square-foot approval even as the ownership structure was falling apart.
What hasn't changed, as of a Royal Palm Beach Town-Crier update from late June 2026, is anything a buyer can actually verify on the ground. The paper reported there had been no announcement of a new project name, and Village Manager Ray Liggins told the council that the new development team was still putting together its application. No permits. No site work. No confirmed retail, hotel, or residential partners beyond the original approvals.
Village officials themselves are split on how to read that. One councilmember, Samios, told the Royal Palm Beach Town-Crier the bankruptcy "underscores concerns I've raised for years," and pointed out that residential portions of the broader Tuttle Royale footprint had been completed while "the core retail, hotel and office components have not even broken ground." The Town-Crier also quoted Hmara: "We actually see the light at the end of the tunnel. We have the majority of this complex developed. Now the piece that brings it all together is what remains." Both are describing the same 43 acres from different perspectives.
Residential Projects Around the Site
Here's the part that matters if you're shopping new construction in this corner of the village. While the anchor commercial site sat as a fenced-off dirt lot through a foreclosure judgment and a bankruptcy filing, the residential projects built around it kept leasing and closing. The Villas at Tuttle Royale, developed by Lynd Group, has its first 75 of a planned 401 units open. Related Group's Pointe at Southern, 392 units, has delivered. K. Hovnanian's Parkside at Tuttle Royale is actively marketing new single-family homes, up to five bedrooms and 3,680 square feet, with sales copy promoting "a 43-acre mixed-use village coming soon just outside Parkside" featuring shops, dining, a sculpture garden, and a walkable promenade. The sales copy still describes the village as coming soon after two ownership changes and a bankruptcy.
A similar walkable commercial center by Related Ross broke ground this year just south along State Road 7 in neighboring Wellington. It is under construction, while the Royal Palm Beach site remains unpermitted, offering a comparison of the projects' current stages.
What Buyers Can Check About the Proposed Amenities
If a listing or a builder's sales office in this part of Royal Palm Beach is leaning on "future retail," "walkable downtown," or renderings of a sculpture garden and promenade as part of the pitch, the site had no filed permits and no confirmed construction start as of this summer. Buyers can confirm its status by checking:
- Whether the current owner has filed a site plan or building permit application with the Village of Royal Palm Beach, not just a press release
- Whether any residential, retail, or hotel partner has been publicly named, since none had been as of the most recent local reporting
- Whether the rebranded project even has a confirmed name yet
- How a builder's asking price compares to homes in the same community that were priced and sold before the amenity marketing existed
The site may still deliver the proposed development. Concord Wilshire acquired the site with clear title and no lingering equity claims from the prior owner. Separately, a citywide median price only tells you so much without knowing whether the home you're looking at sits in the middle of that range or at an edge. Likewise, a rendering of a promenade only tells you so much without knowing whether a permit has actually been filed behind it.
FAQ
Is the Tuttle Royale site still called Tuttle Royale? No. Concord Wilshire has said it intends to drop the Tuttle name and rebrand the project, but as of the most recent local reporting, no new name had been announced.
Does this affect current home values in Parkside or Lakeside Landing? Not directly and not yet. The commercial anchor hasn't broken ground, so any value tied to future retail and hospitality amenities remains speculative rather than realized.
How can a buyer verify the project's actual status before making an offer? Village council meeting records and any filed site plan applications with Royal Palm Beach are the most concrete sources. Sales copy from individual builders reflects the original 2023 vision and has not necessarily been updated to reflect the ownership change.
If you're weighing a new-construction home in this part of Royal Palm Beach against the promise of what might get built next door, that's exactly the kind of research worth doing before you write an offer, not after. Marcus Singletary works this corridor closely and can walk you through what's actually permitted versus what's still on a rendering. Let's Connect.
