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
Kasperi Kapanen and 2603 Embassy Drive (Credit: Jeff Zelevansky/Getty Images)

Pittsburgh Penguins’ Kasperi Kapanen scores West Palm Beach home

Pittsburgh Penguins’ Kasperi Kapanen scores West Palm Beach home
827 South SR 7, Fort Lauderdale & 1200 South Congress Ave, West Palm Beach (Credit: Google Maps)

Off Lease Only sells two South Florida locations for $50M

Off Lease Only sells two South Florida locations for $50M
The Bristol (iStock)

Insurance exec sells Bristol condo in West Palm for $8M

Insurance exec sells Bristol condo in West Palm for $8M
750 Malibu Bay Drive, West Palm Beach, Jeremy Bronfman, and Matthew Rieger of HTG

Seagram scion pays $38M for West Palm affordable housing

Seagram scion pays $38M for West Palm affordable housing
Steven Hudson and the Bristol

Ka-ching: Financial services honcho pays $7M for condo at The Bristol

Ka-ching: Financial services honcho pays $7M for condo at The Bristol
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
arrow_forward_ios

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

Loading...