Akel Homes President Alex Akel Addresses Housing Challenges at Bisnow’s Palm Beach State of the Market
January 10, 2025 1 Minute Read
Alex Akel, President of Akel Homes, joined an esteemed panel of industry experts at Bisnow’s Palm Beach State of the Market event on December 11, 2024. Hosted at the iconic One Flagler in West Palm Beach, the event brought together thought leaders to tackle the housing affordability and supply challenges in Palm Beach County.
During the discussion, Akel highlighted the urgency of addressing the region’s housing shortages, particularly for both affordable and market-rate housing. “We must rethink density restrictions, streamline approval processes, and simplify zoning to create more housing. Without action, it will become increasingly difficult to attract and retain essential workers like teachers, first responders, and healthcare professionals to the area,” he said.
Akel also emphasized the importance of public-private partnerships in solving these pressing issues. “Affordable housing solutions require market-rate housing solutions. Increasing the availability of market-rate housing will help bring down costs across the board and sustain the quality of life we cherish in Palm Beach County.”
In response to these challenges, Akel Homes is leading by example. The company is expanding its portfolio to include Mosaic Palms, an upcoming rental community in Palm Beach County that will incorporate workforce housing units alongside luxury apartments, setting a benchmark for inclusive development.
