The Real Deal Miami

Convent in Palm Beach County sells for $6M

Will be developed into 244-unit residential project
January 19, 2015 11:15AM

1400 South Dixie Highway in Lantana

Cenacle Sisters of Lantana convent at 1400 South Dixie Highway

A recently sold convent in Palm Beach County will be developed into a waterfront residential and retail project.

Cenacle Convent of Palm Beach County sold the nearly 10-acre site to a subsidiary of Trinsic Residential Group on Jan. 8, Palm Beach County records show. The waterfront property housed the Cenacle Sisters of Lantana.

Trinsic Residential was approved to build 244 condos or apartments at the site, the Sun Sentinel reported. Aura Seaside will include 10,000 square feet of retail. Because the convent was exempt from taxes, Lantana mayor David Stewart told the Sun Sentinel that the redevelopment will generate tax revenue for the town.

The Palm Beach property appraiser last appraised the site at $8.8 million. Buildings on the property, which included a school, were built between the 1950s and the 1960s. A previous sale for the site at 1400 South Dixie Highway in Lantana was not recorded. [Sun Sentinel]Katherine Kallergis