Developer of Bristol condo in West Palm to put his next project in Palm Beach Gardens

TRD MIAMI /
Feb.February 17, 2019 03:00 PM

Rendering of the Bristol, and and developer Al Adelson

Developer Al Adelson is planning a 16-acre development in Palm Beach Gardens as he finishes building the ultra-luxury Bristol condominium near downtown West Palm Beach.

Adelson told the Palm Beach Post that he will acquire property on Central Avenue between Hood Road and PGA Boulevard but has not decided how to develop the 16-acre site.

The Palm Beach Post also reported that Adelson bid for the PGA National Resort & Spa in Palm Beach Gardens but lost to Toronto-based Brookfield Asset Management, which bought the resort in December for $218 million.

Adelson is nearly done with the development of the Bristol condominium at 1112 South Flagler Drive in West Palm Beach. The 25-story condo is in the late stages of construction and expected to be completed by June.

With unit sale prices averaging $10 million, the Bristol is the most expensive condominium in Palm Beach County.

Adelson praised Palm Beach Gardens as “a secure, well-run city” with “tremendous growth potential,” the Post reported.

The success of nearby developments is one reason for his optimism about the 16-acre site he plans to develop in Palm Beach Gardens. He cited a 340-unit apartment complex next to his site, called The Quaye, which sold for $118 million in 2017. [Palm Beach Post]Mike Seemuth


Related Articles

arrow_forward_ios
Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

The health conscious grocer Earth Fare will close its stores

Earth Fare will close South Florida stores

Louis Oosthuizen and 12230 Tillinghast Circle (Credit: Getty Images and Realtor)

Pro golfer Louis Oosthuizen sells Palm Beach Gardens home

Anchor Health Properties CEO Ben Ochs and 3401 PGA Boulevard (Credit: Google Maps)

Anchor Health pays $24M for medical office building

The property at 3101 PGA Boulevard (Credit: Google Maps)

Sears sues landlord and city over blocked sublease at Palm Beach Gardens mall

Al Adelson and the Bristol

High on his own supply: The Bristol developer buys a unit at his condo tower

Roger Hertog and The Bristol in West Palm Beach (Credit: Getty Images)

Investment honcho pays $14M for condo at The Bristol

Ken Endelson and a rendering of Avenir

Kenco buys 40 lots in Avenir

arrow_forward_ios
Loading...