Friday, November 7, 2014

GOOD NEWS FOR WEST PALM: EYESORE GOING TO AUCTION


GOOD NEWS FOR WEST PALM: EYESORE GOING TO AUCTION

Well after reluctantly penning 2 negative articles about West Palm (because I thought it was important news to report, not due to any bias! I like keeping things positive), I was really looking for some good news to trumpet. This is just that and then some. It is a real sleeper in my opinion. On the surface, it is just an article about another piece of land that was put in foreclosure long ago, that might be going to auction, removing an eyesore from the area. But under the surface there is much more. First, is the size of the land, 10 acres. That is a good bit of land, and it happens to be waterfront property as well. It is well located, West of downtown West Palm overlooking Clear Lake. Then there is the history, failed plans to convert it into a 12 story luxury condo building that fizzled in 2008. Since the bankruptcy was filled in 2006, the property has sat vacant and steadily deteriorated. I am going to go out on a limb here and predict great things for this land. It will be sold by auction, developed and it will be reborn as a shiny new residential property, hopefully with a marina component. The only downside is how much time it will take to get there, but you can’t have it all. This is excellent news and badly needed. With any luck it will be the first of many stories like this for West Palm, because eventually everyone’s luck must change. It is just the law of averages, everyone has to win sometime and West Palm’s time must be near given all the bad history. I am rooting hard for them, and will be reporting about it all, good or bad. As always thanks for reading and have a great day.  

West Palm Beach eyesore may go to auction


No comments:

Post a Comment