The Breakers’ owner gets extra time to build condos

The Kenan family got a 25-year extension of a residential development deadline

TRD MIAMI /
May.May 15, 2016 01:00 PM

The town council of Palm Beach extended from 2025 to 2050 the deadline for the owner of The Breakers Hotel to build 251 residences on hotel property.

The owner of The Breakers, the Kenan family, isn’t planning residential construction on hotel property but wanted to extend its legal entitlement to do so, said Paul Leone, president of The Breakers.

The town council also extended from 2025 to 2050 the time period during which the golf course at The Breakers will remain open space.

The owner of The Breakers has the right to construct 251 apartments or condominium units under a planned unit development approved by the town council in 1971.

Martin Klein, chairman of the Palm Beach Planning and Zoning Commission, said denying an extension of the residential construction deadline  would have encouraged the Kenan family to start building homes on hotel property within the next several years. [Palm Beach Daily News]Mike Seemuth


Related Articles

arrow_forward_ios
Steve Schonfeld, Bellaria condominium complex (Credit: Google Maps)

Hedge funder Steven Schonfeld sells Palm Beach condo

Hedge funder Steven Schonfeld sells Palm Beach condo
110 Atlantic Avenue, Scott Schuster (Credit: Google Maps)

Healthcare entrepreneur sells Palm Beach home for $8M

Healthcare entrepreneur sells Palm Beach home for $8M
Peter Brant, Robert S. Taubman, and 1820 South Ocean Boulevard (Credit: Sylvain Gaboury/Patrick McMullan, John Sciulli, via Getty Images, and Google Maps)

Taubman family sells Palm Beach estate to paper mogul for $47M

Taubman family sells Palm Beach estate to paper mogul for $47M
Keith Frankel and 169 Everglades Avenue (Credit: Realtor.com, MidOcean)

Former Subway exec buys Palm Beach house

Former Subway exec buys Palm Beach house
1120 North Lake Way (Credit: Google Maps)

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M
A photo illustration of 620 Arvida Parkway (Credit: Compass, iStock)

Staying on the sunny side: South Florida resi brokers see upside in coronavirus

Staying on the sunny side: South Florida resi brokers see upside in coronavirus
Two North Breakers Row (Credit: Google Maps)

Former publishing exec buys Breakers Row condo for $8M

Former publishing exec buys Breakers Row condo for $8M
Four Seasons Resort Palm Beach and Carillon Miami Wellness Resort

Carillon Miami Beach, Four Seasons Palm Beach furlough 550 employees

Carillon Miami Beach, Four Seasons Palm Beach furlough 550 employees
arrow_forward_ios

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

Loading...