New Yorkers Relocating in Record Numbers as West Palm Beach Emerges as America's Next Great Power City

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New Yorkers Relocating in Record Numbers as West Palm Beach Emerges as America's Next Great Power City

ECONOMY 11.11.2025

Massive Investments by Stephen M. Ross, the Arrival of Vanderbilt University and a Surge of High-Net-Worth Migration Position the City as a National Economic Force

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WEST PALM BEACH, FLORIDA / ACCESS Newswire / November 11, 2025 / A powerful migration is underway as more New Yorkers look beyond recent political shifts and redirect their future toward South Florida. Increasing numbers are choosing West Palm Beach, a city transforming into one of the most dynamic growth centers in America. This surge is driven by record private investment, expanding financial institutions, and a newly designed urban landscape built for the next era of business and lifestyle.

Opportunity is FLocking
A striking visual shows New York fading into shadow while Florida shines in sunlight. Tolliver Prince Realty partners John Tolliver and Steve Prince stand on the path from NY to FL, symbolizing opportunity and growth.

Leading this transformation is Stephen M. Ross, founder of Related Companies, leader of Related Ross, and majority owner of the Miami Dolphins. Ross has committed nearly $10 billion to reshaping downtown West Palm Beach, creating more than six million square feet of Class A office space, 1.4 million square feet of residential projects, 700,000 square feet of retail and dining, and several world-class hotels across 70 acres. His plan, according to The Wall Street Journal, aims to position West Palm Beach among the most desirable cities in America for global firms seeking long-term growth.

That vision is already materializing. Goldman Sachs and JP Morgan have expanded their operations in Palm Beach County while hedge funds and private equity firms continue to establish satellite offices in the city, earning it the nickname "Wall Street South."

The city's rise gained even greater momentum when Vanderbilt University announced plans for a new West Palm Beach campus, supported by a major philanthropic gift from Ross. The university's arrival signals a new era of innovation and research, positioning West Palm Beach as an emerging hub for education, technology, and healthcare.

Palm Beach County now ranks among the nation's top destinations for wealth migration. Between 2020 and 2021, new residents brought in more than $7 billion in taxable income - the largest increase of any county in the country. Over the last decade, the number of millionaires in the Palm Beaches has surged 93%, reflecting unprecedented growth and confidence in the region's future.

As this transformation unfolds, Tolliver Prince Realty has become a leading choice for New Yorkers relocating to the area. Steve Prince and John Tolliver, managing partners with more than three decades of expertise in real estate brokerage, mortgages, and property appraisal, have earned recognition for their precision-driven Top Gun approach - a model built on data, speed, and deep market understanding.

"Affluent buyers today want more than a simple referral. They want representation grounded in experience - professionals who understand valuation, lending, and where the market is heading," says Steve Prince, of Tolliver Prince Realty.

With new investment, education, and opportunity converging, West Palm Beach stands at the center of America's next great expansion. For those ready to make the move, Tolliver Prince Realty is prepared to guide the journey with precision and confidence.

Contact Information

Steve Prince
Managing Partner
[email protected]
(561) 719-7474

SOURCE: Tolliver Prince Realty

View the original press release on ACCESS Newswire

D.Lopez--AT

Arizona Tribune - New Yorkers Relocating in Record Numbers as West Palm Beach Emerges as America's Next Great Power City

New Yorkers Relocating in Record Numbers as West Palm Beach Emerges as America's Next Great Power City

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