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Kolter Group Acquires 149-Acre Development Site In Palm Beach Gardens For $73.6M

Property Image
SOLD
$73,600,000
Bobby Julien
DS

Florida

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Development Site
Sold 01/19/2024
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Property Image
SOLD

Kolter Group Acquires 149-Acre Development Site In Palm Beach Gardens For $73.6M

Development Site
Sold 01/19/2024
Bobby Julien
DS
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

Kolter Group has acquired Lot 16, a 149-acre development site in Palm Beach Gardens' Avenir development, for $73.6 million. The site is located on Northlake Boulevard and is part of a larger residential project. Kolter Group plans to develop up to 491 residential units on the site, likely single-family homes catering to individuals aged 55 and older. The development will also include a tract center and club facility.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $73,600,000
  • Address: Lot 16 at Northlake Boulevard
  • Market: Palm Beach Gardens
  • Acres: 149

The buyer, Bobby Julien, represented by Kolter Group, acquired the property from the seller, David Serviansky, who represented Landstar Development Group.

Players

Bobby Julien
Bobby Julien
8 deals$542.3M volume
BUYER
DS
David Serviansky
3 deals$203M volume
SELLER

Details

SOLD
IMAGE: Bobby Julien DATE: 01/19/2024 ADDRESS: Lot 16 at Northlake Boulevard MARKET: Palm Beach Gardens ASSET TYPE: Development Site ~ ACRES: 149 BUYER: Bobby Julien - Kolter Group (@KolterHomes) SELLER: David Serviansky - Landstar Development Group SALE PRICE: $73,600,000 NOTE: Kolter Group has bought Lot 16, a 149-acre site in Palm Beach Gardens' Avenir development, for $73.6 million. This marks Kolter's second acquisition in Avenir, with plans for up to 491 residential units, likely single-family homes for those aged 55 and older, along with a tract center and club.

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