Developer buys West Palm Beach site, plans $145M mixed-use project

Navarro Lowrey paid $11.5M for the 3.5-acre property

TRD MIAMI /
Mar.March 28, 2018 05:30 PM

Rendering of the project

A West Palm Beach developer can now move forward with its plans to turn the city’s former city hall site into a $145 million mixed-use development.

Navarro Lowrey Inc. paid $11.5 million for the 3.5-acre property at Banyan Boulevard and Second Street. The deal closed on Wednesday, two years after the city first solicited buyers for the property, according to the Palm Beach Post.

Navarro Lowrey plans to build a waterfront 208-room Marriott Autograph Collection hotel, 251 apartments, 20,000 square feet of retail space, a waterfront restaurant with indoor and outdoor dining, a nearly 500-space parking garage, a public park and elevated observation deck.

The city’s community redevelopment agency paid to demolish the former city hall building last year. Construction is expected to begin this year and to be completed by 2019. [Palm Beach Post] – Katherine Kallergis


Related Article

arrow_forward_ios

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

HGreg Auto and the former Toyota dealership (Credit: HGreg, Google Maps)

HGreg finds a spot in West Palm Beach at former Toyota dealership

Former textile magnate buys unit at the Bristol

$634M public-private partnership proposed in Dania Beach, buyer at luxury condo project in Pompano Beach sues developer: Daily digest

The Bristol (Credit: Wikipedia)

Heir to Annenberg publishing fortune buys unit at The Bristol

arrow_forward_ios