Palm Beach Mayor Gail Coniglio sells mixed-use building for $7M

Palm Beach Mayor Gail Coniglio sold a mixed-use commercial building on the barrier island for $7.15 million.

Records show Coniglio, who has been mayor since 2011 and is also a restaurateur, and investment partner John Surovek sold the property at 283 Royal Poinciana Way.

They sold it through their affiliate E.R. Bradley’s Saloon South to an affiliate of Edward Grace IV, a partner in one of the Coniglio family’s restaurants and a real estate investor.

Built in 1923, the pastel yellow, two-story building totals 11,640 square feet and sits on an 8,498-square-foot site. Property records show it is zoned for retail, office and residential uses.

Tenants include Sprinkles Ice Cream & Sandwich Shop, salon Palm Beach Beauty Lounge, boutique packing and shipping provider RSVP Global, and hair salon Olivia Stephens.

The property is a 3.4-mile drive north of Donald Trump’s Mar-a-Lago.

Coniglio bought it in April 1997 from Jerome Robbins, a successor trustee of the Sorrell Ross Bollet revocable trust, for $907,500, a deed shows.

Coniglio, who was a two-term Palm Beach council member before becoming mayor, was elected to a fourth term in 2017. She has taken on diverse initiatives during her tenure, such as beach restoration and preservation of older, historic Palm Beach mansions. Coniglio pushed to increase the town’s property preservation budget in 2014, when residential construction was booming and developers were quickly tearing down old houses to make way for new ones.

She did not seek a fifth term in the March 9 election, and newly elected mayor Danielle Moore will be sworn in on April 13.

E.R. Bradley’s Saloon, the name of the affiliate that sold the Palm Beach commercial property, also is the name of one of the Coniglio family’s restaurants. The landmark West Palm Beach venue is near the Intracoastal Waterway and is known for its live music.

The Coniglio family’s Cucina restaurant is steps to the east of the building that just sold.