The Meridian

The six-story Meridian Building has sold for $5.25 million to Ram, a Palm Beach Gardens development company chaired by Peter Cummings, the Palm Beach Post reported. Ram plans to convert the historic building into apartment lofts with 2,420 square feet of retail on the ground floor. Construction is set to begin in 2013 and be completed by 2014. The building was built in 1926 for Southern Bell Telephone and Telegraph and is located at 326 Fern Street, at the corner of South Dixie Highway. [more]