Washington, D.C. real estate developer picks up unit at The Bristol

Stuart Bernstein is the chairman emeritus of Bernstein Companies

TRD MIAMI /
Jul.July 23, 2019 12:30 PM
The Bristol and Stuart Bernstein

The Bristol and Stuart Bernstein

For the second time in a month, a prominent Washington, D.C. businessman bought a unit at the Bristol in West Palm Beach.

Real estate developer Stuart Bernstein and his wife Wilma paid $5.3 million for unit 803 at the luxury condo development at 1100 South Flagler Drive. They bought it from the development group Flagler Investors, records show.

Stuart Bernstein is the chairman emeritus of Bernstein Companies, a prominent development firm in the Washington D.C. area. The firm’s projects include the Marriott International Headquarters in Bethesda, Maryland, and 301 M Street, a new luxury apartment in Washington, D.C. Bernstein also served as U.S. ambassador to Denmark from 2001 to 2005.

Also this week, Carol and Robert A. Garvy bought unit 1901 for $11.8 million. Robert Garvy was the founder of the West Palm Beach-based quantitative investment management firm INTECH Investment Management LLC.

In late June, Washington, D.C. parking garage mogul Irwin Edlavitch and his wife paid $5.6 million for unit 1203 for a unit at The Bristol.

The 25-story, 69-unit tower’s units range from 3,600 square feet to 14,000 square feet, priced from about $5 million to more than $40 million.

The Bristol is the first new luxury condo to be built 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 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
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

One West Palm rendering and Jeff Greene

Construction worker injured at Jeff Greene’s project in West Palm

Al Adelson and the Bristol

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

Jason Hochman, Greg Miller, Scott O'Donnell, Michael Ciadella and 901 Northpoint Parkway 

West Palm office parks sells for $12M in tight market

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

Investment honcho pays $14M for condo at The Bristol

Angelo Gordon & Co.’s Michael Gordon and 1400 Village Boulevard

Angelo Gordon pays $55M for West Palm apartments

Jeff Burns, Nick Rojo, The Grand

Affiliated Development to build workforce apartments in West Palm

The Bristol in West Palm Beach

Paper magnate inks deal for condo at The Bristol

arrow_forward_ios
Loading...