The Real Deal Miami

Billionaire Wilbur Ross buys another Palm Beach home

wilbur

210 Onondaga Avenue in Palm Beach, and Wilbur Ross

New York billionaire investor Wilbur Ross added to his Palm Beach holdings, buying a 3,320-square-foot home there for $2.2 million.

The seller had paid $1.95 million for the house at 210 Onondaga Avenue, which will likely serve as Ross’ pied-à-terre. Ross already owns a 16,247-square-foot mansion on one acre along the Intracoastal Waterway that he purchased in 2008 for $13.3 million.

Ross, who is worth $2.6 billion, announced in July he would raise $75 million in co-investment capital as part of Invesco Advisers’ $240 million stake in the purchase of the Brooklyn headquarters of the Jehovah’s Witnesses, at 25 Columbia Heights, in a deal for the portfolio of six buildings, as previously reported. [South Florida Business Journal]Mark Maurer