The Real Deal Miami

Broker expects big purchase price for Royal Palm property

Village wants about 300 homes developed on the site

August 13, 2014 03:00PM

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Douglas Kirlan

Douglas Kirlan

Douglas Kirlan, owner and president of Douglas James Kirlan, P.A., hasn’t been officially hired to market the 151-acre vacant site on Crestwood Boulevard, but he’s still pitching the property.

“This is a great piece of property and it’s in a great location,” Kirlan said of the former wastewater treatment site at the north end of Crestwood Boulevard. “It’s going to be very desirable and a place where builders will want to be.”

Recently, the village tapped Kirlan’s firm to market the Royal Palm property, but a contract has yet to be signed, according to the Palm Beach Post.

The village hopes to sell the site so it can develop up to 302 single-family homes there.

“It could be 750 homes,” Kirla said. “But there will not be 750 homes. The village has made it very clear they don’t want any multi-family homes or attached product on the site.” [Palm Beach Post]  Christopher Cameron

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