Howard Lorber picks up unit at the Bristol in West Palm Beach

Douglas Elliman chairman paid $6.87M for unit on the 16th floor

Miami /
Nov.November 01, 2019 10:20 AM
Howard Lorber and a rendering of the Bristol

Howard Lorber and a rendering of the Bristol

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.


Related Articles

arrow_forward_ios
Arnaud Karsenti and one of the properties at 435 Gardenia Street (Google Maps)
13th Floor Investments pays $26M for downtown West Palm Beach assemblage
13th Floor Investments pays $26M for downtown West Palm Beach assemblage
West Palm Beach workforce housing advances with $53M construction loan
Downtown West Palm Beach workforce housing project scores $53M construction loan
Downtown West Palm Beach workforce housing project scores $53M construction loan
Michael Lawler, Howard Lorber and Jay Parker (Getty)
Douglas Elliman expands to Naples, brings on top Sotheby’s agent Michael Lawler
Douglas Elliman expands to Naples, brings on top Sotheby’s agent Michael Lawler
(Facebook via Wynwood 25 and Joe's Pizza)
Lease roundup: New York pizzeria opening at Wynwood 25, logistics provider heading to Davie & more
Lease roundup: New York pizzeria opening at Wynwood 25, logistics provider heading to Davie & more
Related Chairman Stephen Ross with St. James Residences in West Palm Beach (Getty, St. Andrews and St. James)
Related Cos. completes $65M purchase of West Palm affordable senior housing
Related Cos. completes $65M purchase of West Palm affordable senior housing
Deepak Khosa and the Lake Arjaro Apartments (LoopNet, Khosa)
Deepak Khosa buys West Palm Beach apartments for $8M
Deepak Khosa buys West Palm Beach apartments for $8M
Marc Fisher and the West Palm Beach home (Getty, Douglas Elliman)
Shoe mogul Marc Fisher buys waterfront West Palm Beach mansion
Shoe mogul Marc Fisher buys waterfront West Palm Beach mansion
Stephen Ross and Esperanté Corporate Center
Stephen Ross becomes king of West Palm offices
Stephen Ross becomes king of West Palm offices
arrow_forward_ios

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

Loading...