The Real Deal Miami

Developer picks up Panama Hattie’s site in $10M deal

The developer now controls six acres along the Intracoastal Waterway

September 19, 2014 12:45PM

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11511 Ellison Wilson Road

11511 Ellison Wilson Road

The iconic Panama Hattie’s restaurant and bar and adjacent parcels south of PGA Boulevard were sold to a developer for $10 million.

The deal brings plans to create a six-acre mixed-used development on the Intracoastal Waterway in Palm Beach Gardens closer to fruition, according to the Daily Business Review.

North Palm Beach-based Allied Capital & Development purchased the 1.2-acre restaurant site, located at 11511 Ellison Wilson Road. The deal gives Allied control of more than 6 acres and about 630 feet of Intracoastal Waterway frontage.

The sale was represented by Robert Hamman of Sperry Van Ness Florida Commercial Real Estate Advisors. [Daily Business Review] – Christopher Cameron

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