New York University's health system paid $33 million for a West Palm Beach office building with a pending redevelopment plan.

MCM 324 Datura LLC, managed by Mukang Cho of Boca Raton-based Morning Calm Management, sold the 68,811-square-foot office at 324 Datura St. to the nonprofit university, on behalf of NYU Langone Health. Property data firm Vizzda confirmed the buyer and seller information.

It last traded for $10.65 million in 2021, so it more than tripled in value. That’s probably a reflection of the development plans for the 0.65-acre site, not the value of the 74-year-old building that currently sits there.

In late 2023, Morning Calm Management filed plans to redevelop the site, demolishing the old office building in favor of a…

49 Views, 0 Comments

An upscale Southern Mediterranean restaurant is set to open in Palm Beach County early next year.

Ara, at 1406 Cypress Drive in Jupiter, will be a 3,760-square-foot restaurant that can hold approximately 125 patrons. It is owned and operated by Steven Fondu, a Jupiter-based restaurateur with bar and restaurant management experience.

Anna Woodman Interior Design announced it has been hired as the project's designer.

Fondu hired Kayla Casale as Ara’s executive chef. Casale previously worked at The French Laundry, a three-Michelin-star restaurant under the Thomas Keller Restaurant Group in California. She has also worked at the renowned Wolfgang Puck Bar & Grill in Las Vegas.

“'Ara means family, and every guest will be treated as such,” Fondu…

81 Views, 0 Comments

Hudson Capital Properties, a private local developer, acquired the Bella Villagio Townhomes near Jupiter, Florida, for $15 million or just under $940,000 per townhouse.

The 16-unit property is in the village of Tequesta, a northern Jupiter suburb. Constructed in 2017 and located at 3770 County Line Rd., the property has three shopping centers within one mile, as well as proximity to beaches.

The property was originally listed for $15.9 million, according to marketing materials. It was last sold in 2021 for just under $10 million.


88 Views, 0 Comments

It's a gorgeous south Florida day you think to yourself as you step outside. The temperature is finally below 80 degrees, and there is a slight breeze with just a few clouds in the sky. You realize it's been a while since you entertained the neighbors. With the holiday season upon us, it is a great time to invite the neighbors over for some good food and holiday entertainment before the stress begins. 

Seafood makes everyone happy, so you head to the local grocery store only to find the fish is not so local. Vietnam? Thailand? Why not Jupiter? How can we support local if one is not presented with local options. Fret not my friends. Palm Beach County has numerous seafood markets to accommodate your seafood desires and needs.


PINDERS SEAFOOD AND…

85 Views, 0 Comments

National homebuilder D.R. Horton paid $9.35 million for a development site just east of Avenir in Palm Beach Gardens.

Northlake 20 LLC, managed by Carlo Aldo Basile in Loxahatchee, sold 16.5 aces on the southwest corner of Northlake Boulevard and Bay Hill Drive, south of the Sandhill Crane Golf Club to the Arlington, Texas-based homebuilder (NYSE: DHI). Property data firm Vizzda confirmed the buyer and seller information.

The property was annexed into Palm Beach Gardens in 2018. D.R. Horton filed a rezoning application for the property in 2021 under the name Vintage Oaks. The plan was approved for 111 townhouses and 366 parking spaces. The site plan by West Palm Beach-based WGI shows a gated community with 20 buildings, two lakes, a pool, a…

74 Views, 0 Comments

Will sunny Palm Beach County remain a bright spot for real estate in 2024?

The county's red-hot real estate market is expected to remain steady next year, but one sector already is showing signs of cooling off, at least looking ahead for the next few months.

While high interest rates have hurt housing prices in some major cities, the migration of people to southeast Florida during and after the pandemic continues to fuel demand for homes, shops and offices. However, the frenzy for office space has waned during the past year, prompting business leaders to predict that demand for space will continue in 2024 but at a slower pace.

On the housing front, Palm Beach County continues to see strong demand, albeit with thin supply.

Median prices for…

143 Views, 0 Comments



Index Investment Group wants to build an office project with retail, a café, apartments and a marina in Jupiter, marking at least the third time the firm has attempted to develop the waterfront site in seven years. 

The Jupiter-based company is proposing the two-building project on 3 acres it owns at 401 North Alternate A1A along a canal, according to an application Index filed to the town and records database Vizzda.

Flagler’s Wharf, as the project is called, would include a five-story building with 30,000 square feet of offices on the top two levels, parking on the first three levels, and about 2,000 square feet of ground-floor retail, Index founder Bjarne Borg told The Real Deal. Roughly 20,000 square feet of the office space would be for…

96 Views, 0 Comments

The Cannonsport apartments and the adjoining marina on Singer Island in Palm Beach Shores sold for $58.5 million.

Cannonsport Condominium LLC and CNRI-Cannonsports LLC, both affiliates of Columbus, Ohio-based Nationwide Realty Investors, sold the 36 apartments at 176 Lake Drive and the 54-slip marina to PBS Condominium LLC, PBS Marina LLC and Marina Parcel B, managed by Jay L. Lobell of Baltimore-based JSB Capital Group and Ryan B. Johnson of Palm Beach Gardens-based Johnston Group.

S3 RE Cannonsport Funding provided a $60 million loan to the buyer. Property data firm Vizzda confirmed the buyer and seller information.

However, the actual purchase price may have been higher than $58.5 million to account for assets not related to real estate,…

118 Views, 0 Comments

A restaurant long familiar to northern Palm Beach County families is poised to take over the now-empty breakfast-and-lunch spot at Carlin Park in Jupiter.

The Dune Dog Cafe will open its fourth location at the site long occupied by Duke’s Lazy Loggerhead Cafe under a plan which Palm Beach County commissioners will consider Tuesday.

Lazy Loggerhead closed in August 2022 after 25 years of serving waffles, pancakes, burgers and BLTs to beachgoers at the Jupiter park. It was a favorite of those who lived between the Jupiter Inlet and the Juno Beach Pier.

The original Dune Dog opened in 1994 on Alternate A1A in Jupiter, and the restaurant now also has locations in Stuart and Cocoa Beach. It is known for its combo platters, fish sandwiches, seafood…

66 Views, 0 Comments

Freeport Equity bought a pair of Montessori schools in Jupiter for a combined $12.9 million. 

The Boston-based firm bought two Turtle River Montessori schools, at 740 West Indiantown Road and 926 Maplewood Drive, in separate deals from Rohit and Bharati Dandiya, according to records and real estate database Vizzda. Freeport took out an $8.4 million cross-collateralized loan from Amerant Bank. 

Completed in 1997, the school on Indiantown Road consists of a one-story, 11,000-square-foot building on 1.2 acres, Vizzda records show. It offers programs for children from 18 months to kindergarten. Freeport paid $4.3 million for the property. 

The school on Maplewood Drive, completed in 2009, consists of a two-story, 19,400-square-foot building on 1.8…

99 Views, 0 Comments