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Ex-owner of Festival Flea Market pays $6M for Boca Raton condo
Alina Residences unit is in El-Ad National Properties’ first phase of the project
UPDATED, March 31, 9:30 a.m.: The former owner of the Festival Flea Market bought a condo at Alina Residences in Boca Raton for $5.6 million.
Daniel Shooster and his wife, Leslee Shooster, bought a unit at the first completed phase of the Alina development at 200 Southeast Mizner Boulevard, just west of the Boca Raton Golf Club. The developer, El-Ad National Properties, sold the unit, according to records.
Alejandro Salazar and Rochelle LeCavalier of Douglas Elliman represented the seller.
Alex Platt of Compass represented the buyer. The price was $6.2 million, according to Realtor.com, which may include furniture.
The 4,836-square-foot condo has four bedrooms and five-and-a-half baths, the listing shows.
Boca Raton-based El-Ad National, the residential arm of New York-based Elad Group, completed the 121-unit first phase of Alina in June. The nine-story building has 102 units, 12 penthouses and seven villas.
El-Ad National, led by Noam Ziv, is starting construction in the coming days of the second phase, which will consist of two nine-story buildings with a combined 182 units. The developer launched sales in October for the second phase.
In July, El-Ad scored a $52.8 million construction loan for phase two. The entire project spans 9 acres.
In 2018, Shooster, a real estate investor, sold the Festival Flea Market in Pompano Beach. The buyer, North Miami-based IMC Equity Group, paid $25 million for the 382,000-square-foot property at 2900 West Sample Road, and $31 million for the business.