South Florida developer pays $8M for condo at the Bristol

James Harpel is a partner at Eastview Development

TRD MIAMI /
Sep.September 12, 2019 09:45 AM
James Harpel and The Bristol in West Palm Beach

James Harpel and The Bristol in West Palm Beach

Edgewater developer James Harpel snagged a condo at The Bristol in West Palm Beach for $7.9 million.

Harpel, who is a partner at Eastview Development, bought unit 1204 at the luxury condo development at 1100 South Flagler Street from the development group.

Harpel was the managing partner of Harpel Advisory Company, a hedge fund manager, and the managing partner of Century Capital Corporation, a $2 billion registered investment adviser. He is also a partner at Palm Beach Capital, a private equity firm that partners with management teams in middle market buyouts, recapitalizations and growth equity investments.

Eastview Development was a co-developer of Biscayne Beach, a high-end condo in Miami’s Edgewater neighborhood.

Flagler Investors, led by Al Adelson and Gene Golub, developed the The Bristol, a 25-story, 69-unit luxury tower at 1100 South Flagler Drive. Units range from 3,600 square feet to 14,000 square feet.

The project is the first new luxury condo building in West Palm Beach in the past decade. The development group has sold almost all of the units and was able to attract estate owners in the town of Palm Beach who were looking to downsize, according to Adelson.

Buyers include beauty mogul Sydell Miller, who closed on a full-floor penthouse for $42.6 million in March. Her Palm Beach home is reportedly under contract to sell for more than $110 million.

This month, the development group sold unit 1404 at The Bristol for $10.7 million to Peter Geoffrey Somers of Jersey in Britain’s Channel Islands. The group also sold a unit to the owner of a New Jersey car dealership who paid $10.7


Related Articles

arrow_forward_ios
A few of the properties in Palm Beach County (Credit: Google Maps)

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering

Feds seek to seize 11 properties in Palm Beach County allegedly tied to money laundering
Renderings of the projects and Greg West

ZOM buys land in Coral Gables, West Palm for senior living projects

ZOM buys land in Coral Gables, West Palm for senior living projects
Hyperion Group Partners CEO Rob Vecsler and 350 South Australian Avenue (Google Maps)

Hyperion partners with Winter Properties, plans first project in West Palm Beach

Hyperion partners with Winter Properties, plans first project in West Palm Beach
Hilary Musser and 3208 Washington Road (Getty, Realtor.com)

Interior designer buys waterfront West Palm Beach property

Interior designer buys waterfront West Palm Beach property
Rendering of the project and Russell Galbut

Crescent Heights hits a snag with plan to develop high-rise Edgewater project

Crescent Heights hits a snag with plan to develop high-rise Edgewater project
Donald Trump with Trump International Golf Club (Credit: Isaac Brekken/Getty Images and Palm Beach Post)

Trump golf club in West Palm seeks rent relief, citing shutdowns

Trump golf club in West Palm seeks rent relief, citing shutdowns
(Credit: iStock)

Luxury condo prices drop in downtown Miami amid lockdown

Luxury condo prices drop in downtown Miami amid lockdown
Biscayne Beach

Lawsuit accuses Biscayne Beach developer and construction firms of shoddy work

Lawsuit accuses Biscayne Beach developer and construction firms of shoddy work
arrow_forward_ios

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

Loading...