BGI Capital completes $41M West Palm Beach dev site acquisition
Developer BGI Capital completed a $40.9 million acquisition of a development site adjacent to its nearly completed waterfront West Palm Beach condo tower, Alba Palm Beach. Records show the Miami-based developer, led by Kenneth Baboun and Robert Barthelmess, bought the properties at 4720, 4802 and 4804 North Flagler Drive from Justo Naranjo, Beatriz Corrales, and Nataly Nicole Corrales for $33 million. The purchase includes a waterfront single-family home and the 11 remaining units in the 4800 North Dixie condominium complex. That’s in addition to the five units BGI bought for $7.9 million in 2023, according to property records. The property […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Blue Jays’ Mad Max sells under-construction Admirals Cove estate for $23M
Butters targets tech, pharma with plans for low-rise light-industrial in Boca Raton
Opterra’s Holiday Inn hotel-to-resi conversion moves ahead in Boca Raton
Inventory drops for first time since 2023 as sales rebound across coastal Miami, beaches
Brian Tuttle loses Main Street dev site in $60M bankruptcy sale
Wave Group, partners launch short-term-rental friendly Wynwood condos
Ultra-luxury brings heat as Palm Beach home sales surge
Why Earnest Money Matters to Sellers
RE Q&A: Who Pays for Noncompliant Fence?
Fla.’s March, 1Q Housing: Closed, Pending Sales Up
