Robert Suris Of The Estate Companies Acquires Development Site In West Palm Beach For $13M

A development site located at 411 West Railroad Avenue in downtown West Palm Beach has been sold for $13 million. The site spans 1.19 acres and is intended for the Soleste Palm Station Two project, which will feature 310 residential units in a 15-story building, along with 411 parking spaces and a pool deck.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $13,000,000
• Buyer: Robert Suris - The Estate Companies
• Seller: Pedro F. Villar - Sunview Companies
• Lender: Banesco USA
• Mortgage Amount: $8,450,000
• Acreage: 1.19 acres
• Address: 411 West Railroad Avenue
• Market: West Palm Beach, FL

Robert Suris represents The Estate Companies, while Pedro F. Villar represents Sunview Companies in this transaction. The buyer plans to develop a significant residential project at the acquired site, further contributing to the ongoing development in downtown West Palm Beach.