Todd Michael Glaser buys West Palm Beach location for his development firm

The Miami Beach native last year bought two houses in Palm Beach, including one he already has listed for sale for $13.9 million

TRD MIAMI /
Jan.January 28, 2018 11:10 AM

Todd Michael Glaser (Credit: Haute Living)

Todd Michael Glaser, who last year bought two houses in Palm Beach, paid $2.67 million for property in West Palm Beach to serve as the local office of his real estate development company.

Glaser and his wife, Kim, bought a former bank building and adjacent land at 301 Southern Boulevard, near the western end of the Southern Boulevard bridge connecting West Palm Beach to Palm Beach.

The seller is former Palm Beach resident Lee Munder, who had owned the property on Southern Boulevard since 2004 and had stored his collection of antique cars there. The old Wachovia Bank and a vocational school previously occupied the 7,769-square-foot building, which Glaser plans to renovate.

David Solomon of EWM Realty International represented Glaser in his acquisition of the Southern Boulevard property. John Jaspert, a vice president of CBRE, listed the building for sale almost a year ago and showed it to approximately 60 prospects.

A Miami Beach native, Glaser told the Palm Beach Daily News he expects a revitalization of the section of Southern Boulevard where his newly acquired property is located because the area has “the same feel as what was going on in Miami in 1988 and 1989.”

In November, a company run by Glaser paid slightly less than $11 million for Casa Vera, a landmarked house a 125 Via Del Lago in Palm Beach, and already has listed it for sale for $13.9 million.

Last summer, the Glasers paid $5.9 million for  a landmarked house at 1221 North Lake Way in Palm Beach, which the couple is renovating. [Palm Beach Daily News] – Mike Seemuth


Related Articles

arrow_forward_ios
Daily Digest Miami

Ben Carson talks Opportunity Zones, top developers riff on condos vs. rentals: Daily digest

Daily Digest Miami

Quiksilver signs a lease in Miami Beach, Delray Beach’s Atlantic Crossing announces first retail and office tenants: Daily digest

The Bristol and Thomas J. Healey

Financial mogul pays $6.5 million for unit at the Bristol in West Palm

2751 South Dixie Highway, Scott Sherman and Ben Mandell

Tricera reveals plans for redevelopment of Palm Beach Post building

Daily Digest Miami

The trade war could hurt the industrial real estate boom, Hurricane Dorian’s impact on Florida’s hotels: Daily digest

James Harpel and The Bristol in West Palm Beach

South Florida developer pays $8M for condo at the Bristol

A rendering of The Bristol

NJ car dealer buys Bristol unit for $11M

The Bristol

Channel Islands businessman buys unit at The Bristol in West Palm

arrow_forward_ios