UPDATED, Nov. 1, 11:50 a.m.: Howard Lorber is now an owner at the Bristol in West Palm Beach.
Property records show Vector Group CEO and Douglas Elliman chairman paid $6.87 million for unit 1601 at the luxury condo tower, which overlooks the nearby Palm Beach island, where the luxury market has seen record sales this past summer.
Flagler Investors, led by Al Adelson and Gene Golub, developed 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. Douglas Elliman is handling sales of the luxury condo tower. Elliman declined to comment.
The project is the first new luxury condo building in West Palm Beach over the past decade.
Buyers include beauty mogul Sydell Miller, who closed on a full-floor penthouse for $42.6 million in March. Hedge funder Steven Schonfeld is reportedly under contract to buy Miller’s Palm Beach oceanfront estate for close to $200 million.
Edgewater developer James Harpel also purchased a unit at the Bristol, paying $7.9 million in September for unit 1204.
Lorber’s South Florida homes include a condo on Fisher Island in Miami Beach, located in the priciest zip code in the U.S.
Lorber could not immediately be reached for comment.