JEFF GREENE IS AT IT AGAIN, BETTING HEAVILY ON WEST PALM BEACH
There are 2 interesting things in this article, both dealing with West Palm Beach. It is a very natural 2 for 1 blog, First we have Jeff Greene, buying more property in West Palm Beach to be developed into residential units. This time he has bought the 1.8 acre former Mazda site at 2001 S. Dixie Highway for $1.9 million. While he has officially said he is not sure what the use will be here, everything he has done in the past and the market dictate it will be residential product built here. He is very focused now (speaking of his past) on Clematis Place, a 200 unit residential and mixed use property between Datura Street and Rosemary Avenue. There will be 2 buildings built here, one 5 stories and the other 12 with a bridge connecting the two. If people ever start moving to West Palm Beach this guy is going to make out like a bandit. Seems like he owns half of it too. Now onto the 2nd article, regarding another restaurant closure at CityPlace. This time it is Pampas Churrascaria Brazilian Grille, who occupied 10,000 SF on the 2nd floor where the majority of the restaurants are located. This is the 2nd restaurant this company has closed at CityPlace this year, the first being Deck’s Fish Market. This virtually assures that this space will be vacant for the Winter season, which is a shame. While not original, I think that CityPlace should put a big carrousel in the middle of it to draw kids and families like they did at Downtown At The Gardens. They have to try something new to breathe some life into this project and stop the never ending parade of tenants from coming and going. Hopefully it will happen soon and the opening of the convention hotel across the street will help, but it is not going to solve all the problems there. The question is, what will? As always thanks for reading and have a great day.
Palm Beach billionaire now dealing in Dixie (Highway, that is)
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