SOUTH FLORIDA NEWS - Larry Mastropieri

Why West Palm Beach Just Gave a Billionaire More Time

One of downtown's most important office towers is running 18 months behind schedule. The city approved the extension, but it came with a penalty clause that makes sitting on an unfinished building expensive. Here's what the deal looks like.

• Cohen Brothers Realty's West Palm Point now targets a January 2029 completion instead of June 2027.
• Underground contamination on adjacent sites caused the delay; foundations are now complete.
• If the tower lacks a certificate of occupancy by January 2028, Cohen owes the city $5 million per year.

Not every major downtown project stays on schedule, even in one of the hottest office markets in the country. Charles Cohen is a New York billionaire whose firm, Cohen Brothers Realty, controls office buildings…

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An $18.7M Waterfront Restaurant Is Coming to West Palm

The team behind The Wharf was picked to build Sea Salt Beach House, a two-story, nearly 700-seat seafood spot at Currie Park.

Key Takeaways

• West Palm Beach's selection committee ranked Breakwater Hospitality Group first to design and run a waterfront restaurant at Currie Park, in a unanimous 5-0 vote.
• The proposed Sea Salt Beach House is a two-story, seafood-focused venue with 378 dining seats and a 320-seat rooftop event space, an $18.7 million investment targeting a 2027 opening.
• It still needs City Commission approval, and it would anchor the city's roughly $35 million Currie Park redevelopment on the North Flagler waterfront.

West Palm Beach's northern waterfront is getting a signature new draw. According to Palm Beach Now,…

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Procacci Wants to Swap Its Boca HQ for 84 Luxury Apartments

The nine-story, mixed-use proposal would replace a 1985 office and a 1948 shopping row just south of Mizner Park with homes, shops, and offices. It already fits downtown Boca's zoning; it only needs site-plan approval.

Key Takeaways

• Procacci Development has proposed a nine-story, 248,000-square-foot mixed-use building at 95 and 51 S Federal Highway in downtown Boca Raton, on the site of its own headquarters.
• The plan calls for 84 luxury apartments, ground-floor retail, second-floor office, and underground valet parking, just south of Mizner Park.
• It is under site-plan review and already allowed by downtown zoning, so no rezoning is needed.

A longtime Boca developer wants to tear down its own office to build up. According to the South…

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Another 334 Apartments Rise Next to a Brightline Station

Over 3,000 apartments are now rising near South Florida's five rail stations. The latest just topped off in Aventura with 334 units, workforce housing, and an amenity list that includes a podcast studio and a cold plunge.

• Aventana is a 16-story, 334-unit apartment building steps from Brightline Aventura.
• Pinnacle and Ram Realty Advisors secured $88.3 million in construction financing from Santander Bank.
• Across all five South Florida stations, over 3,000 residential units are now completed, under construction, or approved.

Every time someone asks whether Brightline is in trouble, another developer breaks ground next to one of its stations. Aventana just topped off at 19640 West Dixie Highway in Aventura, steps from the Brightline…

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GL Keeps Finding West Boca's Last Buildable Dirt

GL Homes is lining Lyons Road with nearly 1,000 luxury homes across two communities, one already 80% sold, the other breaking ground this fall.

Key Takeaways

• GL Homes is building nearly 1,000 luxury homes across two communities on Lyons Road in West Boca Raton, next to Olympic Heights High School.
• Lotus Edge (649 single-family homes, from $1.7 million) is over 80% sold, while Agave Boca (322 townhomes, from about $1.3 million) breaks ground this fall.
• The projects add much-needed housing but have drawn concern over schools and roads that are already over capacity.

While towers rise in downtown Boca Raton, the bigger land grab is happening out west. According to CBS12, GL Homes is lining a stretch of Lyons Road with nearly 1,000 new…

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Westgate Village: 1,145 Homes Rising on a Dead Dog Track

Terra and the Frisbie Group have now spent about $48 million assembling the former Palm Beach Kennel Club, near the airport, for a mixed-use community with workforce housing.

Key Takeaways

• Terra and the Frisbie Group paid $19.5 million for another piece of the former Palm Beach Kennel Club, their third buy, bringing the total to about $48.2 million.
• The 42-acre site near Palm Beach International Airport is planned for Westgate Village, 1,145 rental homes and 120,000 square feet of retail across three phases.
• About 20% of the first phase will be workforce housing, and construction is expected to start this year.

Greyhounds used to race here. Now the old Palm Beach dog track is being pieced together for a very different future.…

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Doc's All American Is Back, and So Is Downtown Delray Beach

A 1951 burger stand sat closed for years while preservationists and developers negotiated its future. Now it is reopening as part of a 46,000-square-foot mixed-use project at one of downtown's most important corners.

• Doc's All American at Atlantic and Swinton will be preserved and reopened as part of City Center Delray.
• The three-story project adds office, retail, and restaurant space behind the historic structure.
• At least 15 projects are now completed, under construction, or approved across downtown.

Doc's All American has been closed since 2021. The walk-up burger and shake stand has sat at the corner of Atlantic Avenue and Swinton Avenue since 1951, and for years its future was caught between preservationists who wanted it protected…

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A National Builder Just Bet $12M on Riviera Beach Townhomes

Brand-new townhomes in the $400,000s are hard to find in Palm Beach County. A publicly traded homebuilder with a pending deal to become a top-10 national player just made this price point its market entry.

• Dream Finders Homes paid $12 million for 60 townhome lots on North Military Trail.
• Townes at Avian will offer new construction starting in the $400,000s, with sales launching in early 2027.
• Residents will share amenities with the neighboring Soleste on the Trail apartment complex.

Dream Finders Homes is a Jacksonville-based, publicly traded homebuilder (NYSE: DFH) with a pending acquisition of Beazer Homes that would make it one of the country's largest builders. According to the South Florida Business Journal, the company just paid…

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Billionaire to Billionaire: A $150M Palm Beach Resort Deal

Jeff Greene sold the oceanfront Tideline resort to Fort Partners, owner of every Four Seasons in South Florida, including the one next door, for more than triple what he paid in 2011.

Key Takeaways

• Jeff Greene sold the 134-room Tideline Palm Beach Ocean Resort & Spa to Fort Partners for $150 million, more than tripling the roughly $41 million he paid in 2011.
• Fort Partners, which owns all four South Florida Four Seasons hotels, already owns the Four Seasons resort right next door, pointing to a possible expansion.
• Greene is reallocating his focus to his own new hotel, the Greene House, across the bridge in West Palm Beach.

One Palm Beach billionaire just sold an oceanfront resort to another for $150 million. According to The Real…

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Mr. C's Boca Tower Is Half Sold Before Even Going Public

The Cipriani family's 133-home, service-led tower in downtown Boca Raton has quietly sold about half its units without hitting the MLS. It is the city's first new branded residence in over a decade.

Key Takeaways

• Mr. C Residences, a Cipriani-branded, 12-story, 133-home tower at 41 SE 4th Street in downtown Boca Raton, is about 50% sold before it has even listed on the MLS.
• It is Boca's first new branded residence in over a decade, built around hotel-style service, a rooftop resort deck, a spa, and a ground-floor Bellini restaurant.
• Prices start around $1.95 million for two- and three-bedroom homes, with completion targeted for 2029.

One of the most famous names in hospitality just picked downtown Boca Raton, and it has been selling so…

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