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
Kim Kretowicz, Jorge Portela, Shelly Argy Poston and Sandra Fiorenza (Sandra Fiorenza, JLL, Colliers, Gridline Properties, Getty)
Movers & Shakers: Sandra Fiorenza joins Douglas Elliman
Movers & Shakers: Sandra Fiorenza joins Douglas Elliman
Babak Ebrahimzadeh with The Contemporay
Babak Ebrahimzadeh proposes West Palm office project
Babak Ebrahimzadeh proposes West Palm office project
Ethan and Ruthie Assouline (Getty, Assouline Team)
Assouline Team returns to Elliman after stretch at Compass
Assouline Team returns to Elliman after stretch at Compass
From left: Isaac Toledano, Teddy Sagi, Jorge Pérez and Michael Masanoff with a rendering of Transit Village (Related, LinkedIn, Rendering via Arquitectonica)
Pérez and Sagi’s Transit Village in WPB advances
Pérez and Sagi’s Transit Village in WPB advances
Joe Azar with rendering of Clara Bay Harbor and Chetrit Group’s project in the Miami River district (LinkedIn, Clara Homes, Getty images)
Compass agent Joe Azar jumps to Elliman
Compass agent Joe Azar jumps to Elliman
From left: CIM Group’s Shaul Kuba; Miami Worldcenter Associates' Nitin Motwani and Art Falcone; Miami Worldcenter (Miami Worldcenter Associates, CIM Group)
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Bragi Sigurdsson (BragiMiami.com, Getty)
Bragi Sigurdsson leaves Elliman to start Side-backed firm
Bragi Sigurdsson leaves Elliman to start Side-backed firm
arrow_forward_ios

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

Loading...