Most of the Azure units in PB Gardens are reserved

Miami /
Sep.September 05, 2015 02:30 PM

The developer of the Azure waterfront condo complex in Palm Beach Gardens has obtained reservations for most of the 101 units in two five-story buildings.

Developer Tom Frankel said buyers have made deposits on almost all of the 46 units in one building and about a third of the 55 units in the other building.

The Azure development is located near the Loggerhead Marina on Donald Ross Road.

Frankel said the rapid pace of sales has been unexpected: “It sold quicker than we thought. There was a void in the marketplace for what we were offering, so I think we filled a niche.”

The condo units range in size from 2,600 square feet to 5,000 square feet and in price from $900,000 to $2.8 million.

Construction work started in April. The first building is scheduled for completion in the summer of 2016 and the second in the fall of 2017.

Realtor Jeff Lichtenstein said much of the demand for Azure comes from residents of  north Palm Beach County who reside in golf resorts but have limited interest in playing golf.

Azure “offers a nice alternative,” he said. “They want to stay in the area, but they don’t want the cost of a country club and the fees and the dues.” [Palm Beach Post] — Mike Seemuth


Related Articles

arrow_forward_ios
Charl A. Schwartzel and 12247 Tillinghast Circle, Palm Beach Gardens
Pro golfer Charl Schwartzel sells Palm Beach Gardens mansion for $9M
Pro golfer Charl Schwartzel sells Palm Beach Gardens mansion for $9M
Faena House and a photo illustration of Ken Griffin (Foster + Partners, Getty, iStock)
Ken Griffin sells remaining Faena House condo for $11.2M
Ken Griffin sells remaining Faena House condo for $11.2M
Dr. Ernst A. Langner and Nataly Langner with their Palm Beach estate (Compass, Dr. E.A. Langner-Foundation)
German entrepreneur sells oceanfront Palm Beach estate for $110M
German entrepreneur sells oceanfront Palm Beach estate for $110M
Edgar Bronfman Jr. and his Palm Beach home (Getty, 200 Regents / Sotheby's)
Liquor dynasty scion Edgar Bronfman Jr. buys Palm Beach home for $12M
Liquor dynasty scion Edgar Bronfman Jr. buys Palm Beach home for $12M
Bay Park at 3301 Northeast Fifth Avenue (Google Maps)
Investment firm makes $130M offer for 60-year-old Edgewater condo complex
Investment firm makes $130M offer for 60-year-old Edgewater condo complex
Suzanne Frisbie and Corcoran CEO Pam Liebman (Corcoran)
Suzanne Frisbie returns to Corcoran in Palm Beach
Suzanne Frisbie returns to Corcoran in Palm Beach
Jose Luis, Martin and Carlos Melo with renderings of Aria Reserve (Melo Group)
Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
(Christian J. Angle Real Estate)
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
arrow_forward_ios

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

Loading...