Westside Investment Partners Acquires Banyan Cay Resort And Golf Club In West Palm Beach For $102.1M

A development site located at 2020 Banyan Way in West Palm Beach is currently under contract. The property spans across 200 acres and is known as the Banyan Cay Resort and Golf Club project. It includes a nearly completed hotel, an 18-hole golf course, and approved parcels for condominiums and homes.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $102,100,000
• Market: West Palm Beach
• Buyer: Westside Investment Partners - Andrew Klein & Otis Moore

Westside Investment Partners, represented by Andrew Klein and Otis Moore, has been approved as the new owner of the Banyan Cay Resort and Golf Club project in West Palm Beach. The acquisition was made through a successful bid of $102.1 million. This deal marks a significant milestone for the troubled project, which had previously encountered delays and financial troubles. The property's potential as a hospitality and residential development has attracted the attention of Westside Investment Partners.