Insurance exec drops $8.8M on Bristol condo

He paid over $15M for a non-waterfront home in Palm Beach in July

TRD MIAMI /
Nov.November 25, 2019 02:30 PM
The Bristol in West Palm Beach  

The Bristol in West Palm Beach

Insurance executive Peter Worth just paid $8.8 million for a unit at the Bristol, months after closing on a Palm Beach home.

Worth sold his employee benefits consulting firm, American Benefits Consulting, to Alliant Insurance Services in 2015.

He closed on unit 1802 at the Bristol, a 25-story, 69-unit luxury tower at 1100 South Flagler Drive in West Palm Beach. Flagler Investors, led by Al Adelson and Gene Golub, developed the building.

The deal comes after Worth paid over $15 million for the 13,826-square-foot estate at 151 Via Bellaria in Palm Beach.

Buyers at the Bristol include Vector Group CEO and Douglas Elliman chairman Howard Lorber, who paid $6.87 million for a unit in October. Beauty mogul Sydell Miller closed on a full-floor penthouse for $42.6 million in March, and Edgewater developer James Harpel also purchased a unit at the Bristol, paying $7.9 million in September for unit 1204.


Related Articles

arrow_forward_ios
AHS Residential’s Ernesto Lopes (Credit: D Ramey Logan/Wikipedia)

AHS Residential scores $34M loan for apartment project near West Palm

360 Rosemary, Stephen Ross

Spaces is moving into West Palm’s 360 Rosemary

A Publix-anchored shopping center sold (Credit: iStock)

Publix shopping center in West Palm sells for $12M

Related Companies Stephen Ross and 360 Rosemary (Credit: Elkus Manfredi Architects/ Related)

Related nabs $140M loan for 360 Rosemary in West Palm

Starwood Capital Group’s Barry Sternlicht and 5500 North Haverhill Road

Starwood Capital nabs West Palm apartment complex

Jay Parker with a rendering of Forte (Credit: Two Roads Development/Alpha Blue Ventures)

Boutique condo project in West Palm Beach launches sales

Rendering of the project

Time Equities plans apartments, retail on former office site in West Palm

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

arrow_forward_ios
Loading...