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

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

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
BoaVida's Eli Weiner with 1375 Military Trail (BoaVida Group, Goggle Maps)
California firms pay $39M for West Palm mobile home park
California firms pay $39M for West Palm mobile home park
From left: BlackRock's Larry Fink and Related Companies' Stephen Ross in front of 360 South Rosemary Avenue in West Palm Beach (Getty Images, LoopNet)
BlackRock lands in West Palm Beach
BlackRock lands in West Palm Beach
Tricera Capita's Ben Mandell with rendering of The Press project (Tricera Capital)
Lease roundup: Tricera scores tenants in West Palm, Boca
Lease roundup: Tricera scores tenants in West Palm, Boca
Brand Atlantic Real Estate Partners managing partners Andrew Dance and Adam Demark, and renderings of the two buildings at 300 Banyan Boulevard and 111 Olive Avenue (Brand Atlantic Real Estate, Getty)
JV scores $87M construction loan for West Palm Beach office projects
JV scores $87M construction loan for West Palm Beach office projects
Domenic Gatto and Banyan Cay Resort and Club (Linkedin, Banyan Cay, Illustration by The Real Deal with Getty)
Developers of troubled West Palm resort project facing $61M foreclosure
Developers of troubled West Palm resort project facing $61M foreclosure
Related chairman and CEO Jorge Pérez in front of 4906 North Flagler Drive (Related, Getty Images, Zillow)
Standard Oil heiress’ widower sells waterfront West Palm Beach estate to Related Group for $16M
Standard Oil heiress’ widower sells waterfront West Palm Beach estate to Related Group for $16M
From left: One Flagler in West Palm Beach, 830 Brickell in Brickell, and Eighteen Sunset in Miami Beach (Getty, Related Southeast, LoopNet, Koniver Stern Group)
Spurred by new-to-market firms, South Florida office rents hit record highs
Spurred by new-to-market firms, South Florida office rents hit record highs
Rendering of the Olara development by New York-based Savanna in West Palm Beach with Savanna's Chris Schlank (Arquitectonica, Illustration by The Real Deal)
Olara is latest residential high-rise development planned in West Palm Beach
Olara is latest residential high-rise development planned in West Palm Beach
arrow_forward_ios

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

Loading...