The Breakers acquires West Palm Beach site for workforce housing

An affiliate of The Breakers Palm Beach scooped up 2.4 acres along Australian Avenue in West Palm Beach where the hotel owners are planning a workforce housing project reserved for its employees.  The iconic oceanfront resort’s owner paid a combined $9.1 million for the assemblage at 2410–2508 North Australian Avenue, records and real estate database Vizzda show. The Breakers, led by Paul Leone, acquired one portion from the City of West Palm Beach for $660,000 and a larger parcel from West Palm Beach-based VDG Partners Limited for $8.5 million. The Breakers affiliate also owns an adjacent property at 2600 North […]This article originally appeared on The Real Deal. Click here to read the full story.