Knives out: Developers clash over West Palm Beach condo buyouts
In the gold rush that is real estate development in West Palm Beach, nothing is more valuable than the dirt on waterfront Flagler Drive. But there is no vacant land left for sale. Aging condos inhabit the remaining development sites, their boards controlled by unit owners with differing opinions on the fate of their tropical escapes. As they try to woo these often mercurial sellers, South Florida’s richest developers are also fighting each other for the last pieces of West Palm Beach’s rich waterfront and the chance to leave their mark on the future skyline of “Wall Street South.” Billionaires […]This article originally appeared on The Real Deal. Click here to read the full story.
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