The Real Deal Miami

Developer has Palm Beach plans

September 11, 2008 11:12AM

Palm Beach Gardens-based developer Kitson & Partners said it’s raised $750 million from Evergreen Real Estate Partners, a Chicago-based private equity investor, and plans to spend more than $1 billion on retail and residential property. Chief executive Syd Kitson says the state’s gloomy economy will persist, but that Florida still offers growth potential. The group is shopping for grocery-anchored retail centers and large tracts of residential land.