Michigan manufacturing honcho buys condo at The Bristol in West Palm

The unit sold for $1,463 psf

Miami /
May.May 07, 2020 10:30 AM
The Bristol and David Brule Northern Star Industries (Credit: Michigan Tech)

The Bristol and David Brule Northern Star Industries (Credit: Michigan Tech)

A Michigan manufacturing executive bought a unit at The Bristol in West Palm Beach for $5.6 million, in one of the few resales at the luxury condo tower.

David Brule, president and CEO of Northern Star Industries, and his wife Thu, bought the 3,826-square-foot unit 602 at 1100 South Flagler Drive for $1,463 per square foot, records show. SJBT LLC, led by Salvatore J. Balsamo, sold the condo.

It has three bedrooms and three bathrooms.

The condo last sold for $5.1 million in March 2018, records show.

Northern Star Industries is based in Iron Mountain, Michigan in the Upper Peninsula. The company specializes in manufacturing control panels and electrical relays.

Flagler Investors, led by Al Adelson and Gene Golub, developed The Bristol, a 25-story, 69-unit luxury tower that was completed last year. Units range from 3,600 square feet to 14,000 square feet.

The project marked the first new luxury condo building built 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 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 of 2019. Her Palm Beach estate sold in December for $105 million, tying the record for the largest residential sale ever in Palm Beach.

In September, Miami developer James Harpel also bought a unit at The Bristol for $7.9 million.


Related Articles

arrow_forward_ios
Babak Ebrahimzadeh with The Contemporay
Babak Ebrahimzadeh proposes West Palm office project
Babak Ebrahimzadeh proposes West Palm office project
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
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
Palm Beach County
Estate proposes 321 apartments in downtown West Palm
Estate proposes 321 apartments in downtown West Palm
Affiliated Development co-founder Nick Rojo along with 9445 Fontainebleau Boulevard in Miami (left) and the Bohemian apartment project in Lake Worth Beach (right) (Getty Images, Affiliated Development, Google Maps, MSA Architects)
“Slamming on the brakes”: South Florida’s record rent hikes slow
“Slamming on the brakes”: South Florida’s record rent hikes slow
From left: NDT Development co-founders Damien Barr and Ned Grace along with 418-444 Nottingham Boulevard in West Palm Beach (Google Maps, NDT Development)
Nora developer plans townhouses in West Palm Beach
Nora developer plans townhouses in West Palm Beach
BoaVida's Eli Weiner with 1375 Military Trail (BoaVida Group, Goggle Maps)
California firms pay $39M for West Palm mobile home park
California firms pay $39M for West Palm mobile home park
arrow_forward_ios

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

Loading...