BPS Partners dropped $39 million for a Publix-anchored shopping center in Jupiter.

An affiliate of Palm Beach Gardens-based BPS acquired Bluff Square Shoppes at 4040 South US Highway 1, according to records and Vizzda. The deal works out to $287 per square foot for the 135,974-square-foot retail property. 

The seller, an affiliate of West Palm Beach-based Sterling Organization, paid $25.9 million for Bluff Square Shoppes in 2019, records show. Sitting on a 14.7-acre site, the shopping center was completed in 1986. 

Other tenants at Bluff Square Shoppes include Walgreens, Locals Surf Shop, TooJay’s Deli, CrossFit Sea Dog, and Grind Juice Co. As of May, the shopping center had four spaces available for lease, totaling about 9,000 square feet,…

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A developer is touting the tiny town of Palm Beach Shores on Singer Island as an area ripe for luxury oceanfront properties, with sales underway on one project and another in the early stages of planning.

The Atlantic Group of Companies opened sales this month on its new Pearl condominium with units starting at $4 million and going as high as $7.5 million for a penthouse unit in the six-story building.

Palm Beach Shores, which sits at the southern tip of Singer Island hugging the Lake Worth Inlet, also known as the Palm Beach Inlet, has about 1,400 residents and was called a “hidden gem” by Deepak Khosa, founder of the Atlantic Group.

The town is home to the Sailfish Marina, which opened in the late 1940s as Roy’s Dock, then became Bill’s Marina.…

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Cornerstone, a five-story building with 15 high-end residences at the southwest corner of U.S. 1 and Indiantown Road in Jupiter, is slated to be completed by September. However, it will not include a 14-slip public boat dock as previously planned.

Construction workers are putting the final touches on the white, modern coastal-style structure with blue canvas awnings. Planting on the parking garage’s landscaped roof has begun, with several types of mature palms already installed and more to follow. The park-like “green” roof area is highly visible from the intersection across from Harbourside Place but will not be open to the public.

The Jupiter Town Council on June 20 agreed 5-0 to allow Cornerstone Jupiter LLC to pay the town what the dock…

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Tampa-based Sila Realty Trust has picked up a West Palm Beach medical office building.

The 25,150-square-foot two story building is fully leased by OB/GYN Specialists of the Palm Beaches, which specializes in high-risk pregnancies and births.

Sila paid $9.85 million.

According to a statement announcing the deal, the practice has seven location across West Palm, Boca Raton and Delray Beach. It is part of Unified Women’s Healthcare which has 925 centers and 36 fertility clinics in the U.S.

Sila did not disclose the property’s address, but according to the health care provider’s website, it’s West Palm Beach office is located at 770 Northpoint Parkway. Property records have not been updated to record the purchase.

Michael Seton, Sila’s…

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Billionaire and Miami Dolphins owner Stephen Ross revealed plans for two office buildings in downtown West Palm Beach that would total nearly 1 million square feet, which would add to his major office holdings in the city.

New York-based Related Cos., led by Ross, said the East and West Towers would be located at 550 S. Rosemary Ave., within the mixed-use project the Square, formerly known as Rosemary Square. They would total nearly 1 million square feet, including 60,000 square feet of ground-level retail and restaurant space. There would also be 40,000 square feet of outdoor activity space.

The stage was set for this project in March when Related Cos. bought out the lease of AMC Theater at the Square in order for the tenant to vacant the space,…

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The city of Riviera Beach executed a 99-year ground lease with the Related Group and BH Group for development of its marina property.

City officials selected the team of Miami-based Related Group, Aventura-based BH Group and West Palm Beach-based Tezral Partners to build a multifamily project at the city-owned marina in January. The property at 190 E. 13th St. is along the Intracoastal Waterway and already includes an event center, a tiki market and watersports facilities. That deal is now official with the lease approved.

“I am personally very excited about the development of Riviera Beach into a thriving waterfront community,” Related Group Chairman and CEO Jorge M. Pérez told the Business Journal. “We look forward to building beautiful…

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Jupiter, FL (June 12, 2023) – SVN Waterfront Commercial is pleased to announce the sale of a 2,561± SF warehouse car condo/man cave located within Jupiter Commerce Park at 1201 Jupiter Park Drive. SVN Waterfront represented the Seller, a major player in the high-end collectable car business. The Buyer has years of experience, and a vast collection of high-end cars. Jupiter has become a destination for car enthusiast and collectors.

Coordinating the sale for the seller was Rob Hamman’s Team of SVN | Waterfront Commercial. “We congratulate the owners and buyer on the sale of this unique asset, which is a prized commodity in Jupiter, said Rob Hamman, a founding partner of SVN Waterfront.

About SVN Waterfront Commercial Realty

SVN | Waterfront…

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The Hive empire of gifts, garden décor, boutiques and baked goods, is expanding south to a new space and with a new product line of contemporary furniture designs for buyers who want sleek and modern over colorful and kitschy.

Called Pure by Hive, the showroom at 4805 S. Dixie Highway in the popular community south of Southern Boulevard, nicknamed SoSo, is expected to open in November, said Sara McCann, founder and creative director of Hive Collective.

It’s a geographic shift for the bustling company, whose shops are nestled closer to downtown West Palm Beach, but also one of aesthetics as new residents from the Northeast and California move to the modern-style homes being built at a breakneck pace in SoSo.

“What we saw is throughout Covid…

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Nora, West Palm Beach's newest planned dining and entertainment district, is starting to rise.

On May 31, an official groundbreaking will take place to transform a run-down part of the city, just north of the downtown, into a zone that evokes Miami's hip Wynwood warehouse district.

When completed, Nora is expected to cost nearly $1 billion to develop, said Ned Grace, co-founder and managing partner of NDT Development in West Palm Beach and a Nora co-developer.

NDT, co-founded by Grace and Damien Barr, is a developer of the White Elephant Hotel (the former Bradley Park Hotel) on Palm Beach as well as an owner of the One Clearlake Centre office building. The Nora Venture also includes Place Projects, an early developer of Miami's Wynwood, and…

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PALM BEACH GARDENS — A 600-student elementary charter school is coming to Avenir.

Palm Beach Gardens has cleared the way for Somerset Academy to build its newest campus in the ever-growing community on the western edge of the city.

The school would serve students in kindergarten through fifth grade and is planned for 7.26 acres on the south side of Avenir Drive, about 1,500 feet west of the Avenir Drive-Coconut Boulevard roundabout.

It will be a STEM school, meaning there will be a focus on science, engineering, technology and math, said Ken Tuma with Urban Design Studio of West Palm Beach, the agent for the school project.

"Somerset is a family environment,” Marla Devitt, a representative for Academica, Somerset's parent company, told the…

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