Washington, DC parking garage mogul snags a spot at The Bristol

Irwin Edlavitch owned and operated Atlantic Garage in the Washington D.C area

TRD MIAMI /
Jul.July 01, 2019 11:30 AM
Irwin and Ginne Edlavitch and a rendering of The Bristol

Irwin and Ginne Edlavitch and a rendering of The Bristol

Washington, D.C. parking garage mogul Irwin Edlavitch and his wife paid $5.6 million to snag a spot at The Bristol in West Palm Beach.

The Edlavitchs purchased unit 1203 at 1100 South Flagler Drive from the development group Flagler Investors, records show.

Irwin Edlavitch owned and operated Atlantic Garage, which owns parking garages across the Washington, D.C area. Edlavitch and his wife Ginny are also large donors to Jewish nonprofits and organizations in the area.

The 25-story, 69-unit Bristol tower has units ranging from 3,600 square feet to 14,000 square feet that are priced from about $5 million to more than $40 million.

The Bristol is the first new luxury condo in West Palm Beach in over a decade. Flagler Investors is led by Al Adelson and Gene Golub. Adelson previously told The Real Deal that the luxury condo is nearly sold out, except for two units that it will sell at a later date.

A large portion of the sales have come from former estate owners in the town of Palm Beach who were looking to downsize or wanted to move into a condo, according to Adelson.

Buyers at the Bristol include beauty mogul Sydell Miller, who closed on a full-floor penthouse for $42.6 million in March.


Related Articles

arrow_forward_ios
Riverstone Capital Group founder Jorge Portela and Shoppes of Forest Hill at 4316-4450 Forest Hill Boulevard (Credit: Google Maps)

Walmart-anchored shopping center in WPB sells for $20M

The Bristol in West Palm Beach  

Insurance exec drops $8.8M on Bristol condo

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site

Shoppes at Southern Palms

Kohl’s-anchored shopping center in West Palm goes for $24M

Howard Lorber and a rendering of the Bristol

Howard Lorber picks up unit at the Bristol in West Palm Beach

Daily Digest Miami

Heir to Merck pharma fortune sells Palm Beach estate, Brookdale buys back Sawgrass Park portfolio for $80M: Daily digest

345 30th Street, Brandon J. Rex and Evan P. Kristol

Rosen Equities picks up West Palm Beach apartments for $6M

Daily Digest Miami

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

arrow_forward_ios