Palm Beach Gardens Parcel Trades For $16 Million

Jan 19, 2014 No Comments by

An affiliate of Boca Raton-based developer Pebb Enterprises sold a vacant 31-acre parcel in Palm Beach Gardens for $16 million.

Veteran Tampa real estate investor Charles Funk is the buyer of the site, located at the point in which Central Boulevard sweeps below Interstate 95. Todd Rosenberg, a principal at Pebb, bought the acreage in 2006 with the hopes of building a 204-townhouse community, but the recession halted progress.

Last month, the Palm Beach County Commission rejected Pebb’s plans to demolish a 50-foot area of trees and shrubbery as an entrance to its 10-acre Royal Palm Beach commercial development.

 

Source:  The Real Deal

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Industry News, NA, Palm Beach County Industrial / Flex, Palm Beach County Multifamily, Palm Beach County Office, Palm Beach County Retail
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