The Real Deal Miami

Court action clears condo project near PB Gardens

Allied Capital & Investment will build 88 units close to Palm Beach Gardens' city limits
May 14, 2016 01:30PM

Rendering of PGA Waterfront

Rendering of PGA Waterfront

Allied Capital & Development of South Florida won a court fight with the City of Palm Beach Gardens to build 88 waterfront condos near city limits.

The Fourth District Court of Appeals declined to review a lower court’s decision to uphold county approvals for the condo development along the Intracoastal Waterway.

The site is unincorporated land surrounded by Palm Beach Gardens. The site had been occupied by the old Panama Hattie’s restaurant and bar.

The appeals court action exhausted the legal options available to Palm Beach Gardens to oppose the condo development, initially named Aqualina and now known as PGA Waterfront.

Allied Capital & Development bought most of its land assemblage at 11511 Ellison Wilson Road, an a six-acre acquisition in 2014, for $10 million.

An Allied spokesperson told the Palm Beach Post that construction of PGA Waterfront’s 88 condominium units and 23-slip dock would start in the spring of 2017.

Unit prices are expected to range upward from $1.75 million. [Palm Beach Post] — Mike Seemuth