Billionaires’ Row or bust: How far can West Palm’s condo boom go?
Gilbert Benhamou and Hong Kong businessman O.D. Kobo teamed up to make the priciest condo buyout offer in West Palm Beach in recent history: a whopping $430 million, or about $2.4 million per unit, for two older buildings on the waterfront. The monster-sized bid came on the heels of two buyouts of nearby buildings by Nadim Ashi’s Fort Partners and Steve Ross’ Related Ross last. Many of Miami’s biggest players, including Fort Partners, Jorge Pérez’s Related Group and David Martin’s Terra, are betting on West Palm, where a pipeline of more than 2,000 condos is in the works. Still, a […]This article originally appeared on The Real Deal. Click here to read the full story.
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