The Real Deal’s Amir Korangy moderates ULI panel on WPB

Miami /
Apr.April 10, 2015 01:15 PM

West Palm Beach is in the midst of redevelopment, spurred by local investment that is reshaping the urban landscape, real estate experts said Friday during an Urban Land Institute panel.

The West Palm Beach Development and Investment Forum, held at 8 a.m. at the Kravis Center in West Palm Beach, featured the biggest players in development discussing why they are investing in the future of West Palm Beach, ULI said.

Panelists included billionaire investor Jeff Greene; Related Urban President and CEO Kenneth Himmel; Frank Navarro, president and co-founder of Navarro Lowrey; and Nader Salour, founding principal of Cypress Realty of Florida. The panel was moderated by The Real Deal’s publisher Amir Korangy.

The panelists, all active developers in the West Palm Beach market, were bullish on the area’s future.

Greene, who grew up West Palm Beach, said he has witnessed the positive change. He has been on a buying frenzy, and has spent $250 million on Palm Beach County real estate, including in the downtown core. His current projects include a twin tower hotel and condo complex just north of the Palm Beach County Courthouse. The 30-story towers would have a combined 800,000 to 900,000 square feet.

Navarro’s Navarro-Lowrey is planning a mixed-use project for the old West Palm Beach City Hall site.

And Salour’s new Loftin Place, a residential project at the northern edge of downtown West Palm Beach, intends to change the dynamics of that area with more than 400 residential units.

CityPlace, developed by Himmel’s Related Urban — Related Companies’ mixed-use development arm — already has played a major role in shaping downtown West Palm Beach.  Himmel told attendees that he has seen a spillover from Palm Beach to West Palm Beach.

Korangy, who flew in from New York to moderate the panel, lauded the ULI event, which attracted 300 people.

“Having 300 people at 8 in the morning to a panel is a great testament to the area,” he said.


Related Articles

arrow_forward_ios
Value Store It President Carlos Diaz with the two properties (Diaz)
Value Store It buys two Palm Beach County properties for $35M
Value Store It buys two Palm Beach County properties for $35M
Stephen Ross (Getty) with Esperanté Corporate Center at 222 Lakeview Avenue in West Palm Beach
Related Companies buys half ownership interest in West Palm office tower
Related Companies buys half ownership interest in West Palm office tower
Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
CityPlace Tower and Related Companies founder Stephen Ross (Related, Getty)
Related Companies buys West Palm Beach office tower for $175M
Related Companies buys West Palm Beach office tower for $175M
Joseph J. Plumeri and 1100 South Flagler Drive (Getty, The Bristol)
Former First Data honcho spends $17M for condo at The Bristol in West Palm
Former First Data honcho spends $17M for condo at The Bristol in West Palm
Raanan Katz of RK Centers and Best Buy at 1880 Palm Beach Lakes Boulevard in West Palm Beach (RK Centers and Orion Miami)
Raanan Katz’s RK Centers buys West Palm Best Buy for $12M
Raanan Katz’s RK Centers buys West Palm Best Buy for $12M
UOVO Founder Steven Guttman (UOVO)
UOVO scoops up art storage facilities in Miami, West Palm Beach in $50M buy
UOVO scoops up art storage facilities in Miami, West Palm Beach in $50M buy
Domenic Gatto and Banyan Cay Resort and Club (Linkedin, iStock, Banyan Cay)
Developer of Banyan Cay Resort in West Palm faces charge tied to $65M healthcare fraud
Developer of Banyan Cay Resort in West Palm faces charge tied to $65M healthcare fraud
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...