The Real Deal Miami

Developer picks up Panama Hattie’s site in $10M deal

The developer now controls six acres along the Intracoastal Waterway
11511 Ellison Wilson Road

11511 Ellison Wilson Road

The iconic Panama Hattie’s restaurant and bar and adjacent parcels south of PGA Boulevard were sold to a developer for $10 million.

The deal brings plans to create a six-acre mixed-used development on the Intracoastal Waterway in Palm Beach Gardens closer to fruition, according to the Daily Business Review.

North Palm Beach-based Allied Capital & Development purchased the 1.2-acre restaurant site, located at 11511 Ellison Wilson Road. The deal gives Allied control of more than 6 acres and about 630 feet of Intracoastal Waterway frontage.

The sale was represented by Robert Hamman of Sperry Van Ness Florida Commercial Real Estate Advisors. [Daily Business Review] – Christopher Cameron