Demotion has commenced on the future waterfront site of Olara in West Palm Beach, a luxury condominium tower that overlooks the Intracoastal Waterway. Olara is being developed by Savanna, a vertically integrated real estate investment and development firm with offices in New York and West Palm Beach. Set to transform he waterfront of North Flagler at 1919 North Flagler Drive, Olara will deliver premier condominium residences, 80,000 square feet of exclusive amenities.
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Residence At The Bristol In West Palm Beach Trades For Record $21 Million, Double Its 2019 Purchase Price
A residence at The Bristol in West Palm Beach has just closed for $21 million, double what it previously traded for in 2019 and the highest price ever paid for a single unit at the coveted residential building. Per public record, Samantha Curry with Douglas Elliman, who has sold close to $400 million at The Bristol, represented the seller. Steve Hall with Compass represented the buyer.
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Record Breaking Condo Sale At The Bristol In West Palm Beach Tops $3,364 Per Square Foot
A 3-bedroom condo at The Bristol in West Palm Beach has just traded for $12,025,000, marking a record sale at the iconic condo tower at $3,364 per square foot. Samantha Curry and Daniel Ekerold with Douglas Elliman represented the seller, while Brooke Murphy and Kyle Blackmon of Compass represented the buyer. Located at 1100 S Flagler Drive #1403, the stunning 3 bed + den residence features over 4,200 total square-feet.
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West Palm Beach Condo Development Alba Palm Beach Locks Down $82 Million Construction Loan
Private real estate lender Trez Capital funded an $82 million loan to build Alba Palm Beach, a luxurious waterfront condominium project that will soon rise in West Palm Beach, Florida. The new development is located directly on the west bank of the Intracoastal Waterway in the emerging Northwood neighborhood.
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Brightline Completes First Major Construction Zone For Orlando Extension
Brightline has completed its first major construction zone (Zone 2) on its 170-mile extension from West Palm Beach to Orlando International Airport (OIA). One of four zones along this extension, Zone 2 is a 3.5-mile-long section on Brightline’s corridor leading into OIA and represents one of the most complex and challenging areas for construction in the entire project.
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BGI Companies Launches Sales at Alba Palm Beach
BGI Companies has officially launched sales at Alba Palm Beach, a new waterfront residential condominium development located directly on the Intracoastal Waterway. The development is a collection of 55 luxury residences spread throughout a 22-story tower, plus four two- and three-story townhomes.
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Windward at the Villages
Morgan Properties Acquires 3 Multifamily Communities In West Palm Beach For $132.5 Million
The Pennsylvania-based Morgan Properties has acquired three apartment communities in West Palm Beach totaling 622 units. Berkadia International Solutions’ Berkadia Miami completed the $132.5 million sale on behalf of the seller, Massachusetts-based Northland Investment Corporation.
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Affiliated Development Closes On $53 Million Loan And Begins Construction On West Palm Beach Workforce Housing Project
Fort Lauderdale-based Affiliated Development has started construction on the highly anticipated mixed-income workforce housing project, The Grand. The Grand was capitalized by a $53 million first mortgage from Bank United and an investment from Affiliated Housing Impact Fund, LP and a private family office.
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Tour A Record Breaking West Palm Beach Waterfront Estate Which Just Sold For $15.057 Million
Steve Bendat of Aquantis Group Development has once again broken the record for most expensive single family home sale in West Palm Beach after his project at 6717 S Flagler Dr closed for $15.057 million, just over two years after he first broke the record with his project at 2914 Washington Road which sold in May 2019 for $11.5 million.
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Joint Venture Led By Tricera Capital Acquires One Clearlake Centre Office Tower In West Palm Beach For $60.7 Million
A joint venture between Scott Sherman’s Tricera Capital, NDT Development, New England Development and Rockpoint Group have acquired the One Clearlake Centre office tower in West Palm Beach for $60.7 million. The seller was a joint venture between the Dallas-based real estate investment firm Velocis and CREC.
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