Friday, October 10, 2014

Land savvy billionaire still buying in West Palm Beach

Jeff Greene is assembling more property in West Palm Beach. Tall buildings, tall buildings! Click title for link.
Billionaire Palm Beacher Jeff Greene bought more property in downtown West Palm Beach this week, adding to his already substantial cache along North Flagler Drive.
The $1.5 million purchase, which closed Wednesday, was for a 1.5-acre piece of vacant land at 2023 N. Flagler Drive.
The land is being considered for a zoning change that will allow for buildings up to 15 stories tall to be constructed. Currently, the height restriction is four stories. CapasGroup Realty Advisors and Cushman & Wakefield represented the seller in the sale, WCI Communities.