The Real Deal Miami

West Palm tower gets closings

November 04, 2008 09:37AM

West Palm Beach has about 1,200 recently completed condo units, and
more buyers are closing on them than trying to get out of their
purchases. Ed Jahn, senior project manager for Two City Plaza developer
Kolter, says 50 buyers have closed and 12 have forfeited their deposits
at the 467-unit development, which has contracts for 425 units. Units
there are priced from $250,000 to $2.4 million.