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Investor takes Waterbrook Peninsula in Boynton Beach

September 17, 2010 12:00PM

Waterbrook Peninsula in Boynton Beach

Boca Raton-based Altman paid $8.3 million for the Waterbrook Peninsula
in Boynton Beach to seller PNC Bank, according to a source familiar with
the deal. Earlier in the summer, the bank hired Apartment Realty
Advisors in Boca Raton to sell the project. The deal closed last week,
the source said. The project is located at 2649 North Federal Highway in
Boynton Beach, with 50 nearly completed condos and townhouses and room
for about 20 more. [SFBJ]