Whitney sale could be close

The developer of the Whitney, a mixed-use condominium project in
downtown
West Palm Beach that stalled after the developer defaulted on a loan,
may be
close to a sale, according to Peter Filomena, managing director at Reichel
Realty, the court-appointed receiver for the project. CB Richard Ellis is handling a block sale
of the 140 unsold condo units at the 410 Evernia Street project.
Developer
Evernia Properties closed on 70 of the development’s 210 units before
defaulting on the loan.