search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” Trump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loan
South Florida

SunTrust to open long-delayed Boynton Beach branch

9909 Hagen Ranch Road in Boynton Beach (image credit: Palm Beach Post)
9909 Hagen Ranch Road in Boynton Beach (image credit: Palm Beach Post)

Atlanta-based SunTrust Bank plans to open its first new branch in Palm Beach County in five years after several permitting delays.

Fort Lauderdale contractor Scott Riznick built the 2,800-square-foot office at 9909 Hagen Ranch Road in Boynton Beach, after permits were approved in 2010, records show. SunTrust Senior Vice President Tom McDermott, however, told the Palm Beach Post permits and the recession caused the delays.

Sign Up for the undefined Newsletter

An investor bought the 0.94-acre site for $4.4 million and inked a 20-year lease with the bank for the land. The bank is expected to open in January. SunTrust has no plans for other new branches in the county.

In 2011, Crocker Partners bought the 420,080-square-foot SunTrust International Center in Miami for $80 million. [Palm Beach Post] — Mark Maurer

Tags
BanksBoynton Beach