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
Jonathan Shechtman from Axonic and Herve Barbera from Bar, with 4860 Sandstone Lane

Bar Invest pays $56M for West Palm apartments

Bar Invest pays $56M for West Palm apartments
Angela Koch, Gary Lachman and 4417 South Flagler Drive (Douglas Elliman, Greenspoon Marder)

Ex-wife of billionaire Bill Koch sells West Palm home

Ex-wife of billionaire Bill Koch sells West Palm home
Charles Cohen and a rendering of the project (Getty, Pelli Clarke Pelli Architects)

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm
4700 North Congress Avenue and Velocis Managing Partner Fred Hamm (Google Maps)

Private equity firm sells West Palm medical offices at discount

Private equity firm sells West Palm medical offices at discount
Stephen Ross and a rendering of Rosemary Square (Getty, Related)

Security firm sues Related Cos. affiliate, alleging unpaid services at Rosemary Square

Security firm sues Related Cos. affiliate, alleging unpaid services at Rosemary Square
101 Palmetto Lane (Credit: Google Maps)

Garden of Life exec sells waterfront West Palm Beach home for $6M

Garden of Life exec sells waterfront West Palm Beach home for $6M
A few of the properties in Palm Beach County (Credit: Google Maps)

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering
Renderings of the projects and Greg West

ZOM buys land in Coral Gables, West Palm for senior living projects

ZOM buys land in Coral Gables, West Palm for senior living projects
arrow_forward_ios

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

Loading...