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.