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Premier Estate Properties expands Delray Beach office
Brokerage added 5K sf and six agents to its East Atlantic Avenue space
Premier Estate Properties is expanding in Delray Beach.
The Boca Raton-based brokerage added 5,000 square feet and six new agents to its office at 900 East Atlantic Avenue, according to a press release. Joining the office are Betty and Cole Devitt, Michael Mullin, Michael Loftus, Caryn Nadler, and Alessandro Liguori, the release shows. Premier, which focuses on Palm Beach County’s luxury residential market, also has two offices in Boca Raton, and one each in Vero Beach, Palm Beach and Fort Lauderdale.
The family-owned firm, led by Carmen D’Angelo and brothers Joe and Gerry Liguori, first opened shop in Delray Beach in 2000, when the brokerage bought office condo unit 4 for $231,000, records show. They bought the adjacent unit 3 for $850,000 in 2022, and tapped Marc-Michaels Interior Design to design the new space, which is inspired by the James Perse Malibu shop. The minimum cost for a Marc-Michaels project is $1 million, Gerry Liguori said.
Liguori pointed to continued price growth in Delray Beach to explain the firm’s deeper investment in the market. Premier isn’t the only brokerage taking note of Delray Beach’s market potential. Compass opened a Delray Beach office last month with 18 agents. Serhant also opened an office there last year.
Liguori expects Delray Beach’s oceanfront to see continued, significant price growth in the years to come.
“It will soon rival the price of Manalapan or Hillsborough Mile,” he said.
The pandemic boom sent prices in Palm Beach County’s luxury market to new stratospheres, largely because a wave of wealthy buyers migrated to the area, lured by sunny weather and the lack of a state income tax.
“You would never envision that, pre-pandemic –– never,” Liguori said. “It just spurred a whole new level of wealth that came into the market.”