New Jersey homebuilder wins Don King’s Palm Beach fronton with $56M bid
A New Jersey-based homebuilder won a bid for Don King’s historic Palm Beach Jai Alai fronton in Mangonia Park, opening up the long-vacant site for potential housing development. A Garden Communities affiliate, K&K Developers, submitted the winning $56.1 million all-cash bid for the 53-acre property at 1415 45th Street at a bankruptcy auction held Nov. 6, the Palm Beach Post reported. The bid was part of the previous owner’s Chapter 11 bankruptcy reorganization, the outlet said. The fronton is owned by DK Arena, led by boxing promoter Don King, who worked with some of the biggest names in boxing, including […]This article originally appeared on The Real Deal. Click here to read the full story.
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