David Martin Of Terra Group And Easton Street Capital Acquire Development Site In West Palm Beach For $19.47M

A joint venture involving Terra Group and Easton Street Capital has acquired a 13.5-acre development site located at 1111 North Congress Avenue in West Palm Beach, FL. The sale was completed for $19,470,000. The site was previously the Palm Beach Kennel Club and is intended for significant redevelopment, including residential and commercial spaces.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,470,000
• Buyers: David Martin - Terra Group; Cody Crowell & Robert N. Frisbie - Easton Street Capital
• Seller: Patrick Rooney Jr - Investment Corporation of Palm Beach
• Site Area: 13.5 acres
• Location: 1111 North Congress Avenue, West Palm Beach, FL

This transaction marks the third acquisition for the developers as they pursue the Westgate Gardens redevelopment project. The plan includes the development of 1,145 residential units alongside 120,000 square feet of commercial space, with construction set to commence in the fourth quarter of 2026.