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Late Boston real estate mogul Gerald Fineberg’s Bristol PH sells for $28M
9,200 sf unit in West Palm Beach has six bedrooms, catering kitchen
The estate of late Boston real estate mogul and art collector Gerald Fineberg sold his penthouse at the Bristol in West Palm Beach for $28 million.
Records show Fineberg’s Bristol 2302 LLC, a Florida entity, sold unit 2302 at 1100 South Flagler Drive to a trust named for the address and managed by local attorney Maura Ziska. The true buyer is unknown.
Christian Angle of Christian Angle Real Estate had the listing, and Suzanne Frisbie of the Corcoran Group brought the buyer.
Fineberg founded the Fineberg Companies in 1960, a Boston-based real estate development and management firm. He was an avid art collector, and last year Christie’s auctioned off much of his collection for $197 million, Artnet reported. His estate also listed his two condos in Boston, with one selling for $35 million and the other currently on the market for $25 million, according to the outlet. He died in December at the age of 88, according to published reports.
Fineberg bought the Bristol penthouse for $17.6 million in 2019, records show. The unit spans 9,200 square feet, with six bedrooms, seven bathrooms, two half-bathrooms and a catering kitchen, according to records and the listing. The unit was designed primarily to display Fineberg’s extensive art collection, according to Artnet.
Fineberg’s estate listed the penthouse for $40 million in May, Redfin shows. The sale price falls $12 million below the asking price, and equates to just over $3,000 per square foot.
Developers Al Adelson and Gene Golub completed the 25-story, 69-unit Bristol in 2017. Amenities in the tower include a dog park, salon, two spas, a gym, pool and lounge. In June, Motorola heir Christopher Galvin and his wife, Cindy Bardes Galvin, listed their condo in the tower for $29 million. In May, top intellectual property lawyer Alfred Engelberg bought a unit for $19.8 million, setting a price-per-square-foot record for the building at $3,870.
The Bristol was the first West Palm Beach condo project completed in a decade, and kicked off a wave of development. Now, the pipeline of residential projects planned for the coastal city includes more than a dozen projects and nearly 7,000 units.