Call us today at:(954) 320 - 6031

Landmark Mixed-Use Land Sale| Downtown West Palm Beach, FL

Landmark Mixed-Use Land Sale

3.21 Acres | Approved for over 1 million square feet
Downtown West Palm Beach,  Florida

CapasGroup Realty Advisors announces the sale of Lakeview Centre, a 3.21-acre mixed-use development opportunity positioned at the gateway to downtown West Palm Beach.  The site encompasses a full city block approved for more than one million square feet of office, residential,  lodging, retail and ancillary uses.

INVESTMENT DRIVERS

  • Fully entitled for intense, mixed-use development
  • High profile, gateway location at the entrance to downtown West Palm Beach
  • Entire city block facilitates site planning and ingress/egress
  • Strong market fundamentals
  • Outstanding view corridors including Intracoastal Waterway, the Atlantic Ocean and Clear Lake
  • Walk Score of 93 out of 100

SUMMARY OF APPROVALS

Lakeview Centre is part of the CityPlace DRI which establishes maximum density guidelines for the property. There are no FAR or height limitations imposed by the DRI.  Lakeview Centre is site plan approved for the following:
  • 350 residential units
  • 250 hotel rooms
  • 317,179 sf office
  • 57,710 sf retail
  • 23,475 sf ancillary uses
  • 149,856 sf circulation
  • 39,917 sf arcade, recreation deck, etc.

Total approvals = 1,083,840 sf

 

TRANSACTION SUMMARY

Capasgroup, as exclusive agent and in collaboration with Cushman & Wakefield, facilitated this transaction on behalf of an offshore, private seller.  The purchaser was a South Florida-based private investor and developer.

DOWNLOAD TRANSACTION SUMMARY

INFORMATIVE LINKS

 

 

Marketing Contact