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USA Today
8 hours ago
- Business
- USA Today
West Palm Beach luxury condominium by Related Ross gets makeover and higher price tag
West Palm Beach luxury condominium by Related Ross gets makeover and higher price tag Welcome to The Dirt! I'm real estate, weather and critter reporter Kimberly Miller with the latest developments in the sizzling market. In the ongoing saga of Clash of Condos: A story of hating thy neighbor's guts, the latest installment features Flagler Pointe in West Palm Beach where a handful of residents are accused of "incessant complaints" and of purposefully putting their hand in wet paint to prove that there was wet paint and no one, No ONE, put up a sign declaring that there was wet paint! Wait, what? Two things; someone put their hand in wet paint to prove that there was no sign that said wet paint? And, look, this is South Florida, our regional past time is complaining. We literally have PhD's in complaining. The International Olympic Committee once considered having a complaining competition but decided it was unfair because, well, South Florida would win gold every frickin' time. Anyway, there's been some name calling and a threat of a lawsuit. Sounds like a fun place to live right now. Keep your popcorn handy for this one. In other real estate-related news, celebrity chef Guy Fieri sold his Lake Worth Beach home after a few price reductions, Related Ross is redesigning its Shorecrest condominium to cater to higher-end buyers, West Palm Beach's Historic Preservation Board has run afoul of Mayor Keith James because who hasn't, and check out senior business reporter Alexandra Clough's extensive investigation into financial concerns at MorseLife. Celebrity chef Guy Fieri gets less than he hoped for in Lake Worth Beach home sale Guy Fieri sold his Lake Worth Beach home earlier this year for $7 million, which is less than the $8.75 million he had originally listed it for but not bad considering he paid $3.9 million for the waterfront property in March 2021 and so no one feels all that bad about it. But here's the big question — at what point is Guy Fieri so ubiquitous in Palm Beach County that his every move is no longer news? I'm not knocking the popularity. Afterall, my name is Kimberly Miller and I'm a recovering (totally addicted except for "The Valley" snoozefest) reality TV fan, so I've got no room to knock. But I would think Taylor Swift would be sucking some of the air out of his local celebrity ascendency as of late. Shorecrest condominium by Related Ross gets redesigned, again If you haven't heard, some folks are a tad queasy with the state of the economy/country/world/Starbucks discontinuation of the Iced Matcha Lemonade, and are in wait-and-see mode on buying pricey condos. But not very rich folks, nope, no sir. The very wealthy are still in the game and Related Ross has redesigned Shorecrest condominium with them in mind. This is the third makeover for Shorecrest, which has settled at building 100 units in its most recent iteration, which is down from 199. The starting price is $2.7 million, which is up from the original target of $1 million, which was totally doable of course. West Palm historic preservation board gets the smack down from the city commission West Palm Beach's Historic Preservation Board is no omnipotent superpower like the Town of Palm Beach's Architectural Review Commission, which rules with a golden compass that few dare challenge for fear of getting literally voted off the island. No, West Palm's board mostly flies under the radar, until last month. When it put the kibosh on erecting a prefabricated home in the city's Historic Northwest neighborhood, Mayor Keith James called the decision "nonsensical" because the community, while historic, needs inexpensive homes now. Like yesterday. And they don't have to be Bahamian vernacular or bungalow craftsman. Contemporary high school portable classroom will do just fine, thank you very much. Live lightly. Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@ Help support our local journalism, subscribe today.
Yahoo
21-05-2025
- Business
- Yahoo
West Palm Beach, Palm Beach rank high in national list for growing affluence
West Palm Beach and Palm Beach came in second place in a ranking of fastest growing 'wealth hubs' nationwide as affluent households migrated to Palm Beach County following the pandemic, according to a new report from Henley and Partners. The two cities combined came in runner up to Scottsdale, Arizona, and ahead of the northern California Bay Area, Miami and Washington, D.C. They ranked third in last year's ratings. The USA Wealth Report 2025 released May 20 follows an April study from Henley and Partners that ranked West Palm Beach and Palm Beach fourth internationally for their growing affluence. Ahead of the two cities in the international survey was Shenzhen, China, Scottsdale, Arizona, and third place Bengaluru, India. According to the studies, the two cities experienced a 112% increase in millionaires between 2014 and 2024. 'West Palm Beach (and Palm Beach) has become a coveted retirement destination for millionaires from New York and California,' the report notes. 'Furthermore, a growing number of affluent individuals — particularly from the hedge fund, media, and entertainment sectors — are choosing to live and operate from this area post-Covid.' In sheer numbers, the wealth report found that West Palm Beach and Palm Beach combined have 11,500 millionaires, 78 centimillionaires (people with $100 million-plus) and 10 billionaires. Commercial real estate 2025: Demand will continue in PBC for offices, shops, stores The Business Development Board of Palm Beach County estimates there are 60 billionaires countywide, while an analysis of Forbes data by the Palm Beach Daily News found there are 68 billionaires with strong residential ties to the Town of Palm Beach. While West Palm Beach and Palm Beach are ranked high for growing wealth, they are still lower on the list for the total number of affluent residents, ranking 15th nationally for the number of centimillionaires. New York City, the Bay Area and Los Angeles took the top three spots. Stay up to date on South Florida's sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers. Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@ Help support our local journalism, subscribe today. This article originally appeared on Palm Beach Post: West Palm Beach is growing millionaires but not as fast as this city
Yahoo
25-03-2025
- Business
- Yahoo
Hoffman's Chocolates closes flagship store, and buyers wanted for $30 million West Palm Beach mansions
Welcome to The Dirt! I'm real estate, weather and critter reporter Kimberly Miller with the latest developments in the sizzling market. This is a public service announcement that it's spring, and you know what that means. It's not just the Easter bunny coming to town, it's the car carriers — those mechanical behemoths that descend on the Town of Palm Beach to ferry back north the Lambos and Landies driven all season to tennis, the club and/or Mr. B's (for those adventurers willing to cross over to Georgia Avenue on the mainland.) And, as a friendly reminder, the fume spitting, ear splitting carriers are inhumanely restricted to loading at the south parking lot of Phipps Ocean Park, per Town of Palm Beach rules. I know, I know, RPP (Rich People Problems) but it's also a sign that we are nearing those carefree days of 90% humidity, Sleestak-size mosquitoes, and hurricanes. Love. Florida. ❤🌴❤ Stay up to date on South Florida's sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers. In real estate news, we say goodbye to the flagship Hoffman's Chocolates store, $30 million waterfront homes in West Palm Beach are like wallflowers at the high school dance with no Jake Ryan or red Porsche to rescue them, and billionaire oracle Stephen Ross says the future looks bright (what tariff wars?) Hoffman's Chocolates flagship store in Greenacres closed with little pomp and circumstance this month, ending decades of tradition, including its holiday winter wonderland where people could stroll through a festive light display without the pitfalls of chattering teeth, hot chocolate burns and runny noses that accompany such affairs in chillier climes. What will happen to the iconic Tudor-style building? It may become a prep facility for Saito's Japanese Steakhouse. But somehow a flaming onion volcano just doesn't seem to fit the facility. Its exposed beams and pitched roofs are definitely more milk chocolate caramel truffles and après-ski than hibachi. A handful of $30 million-plus waterfront homes are on the market in West Palm Beach and what more could a well-heeled buyer want than a mansion with a view and no Bentleys tailgating them to the middle-bridge where a barge will undoubtedly be crawling through so that the span is up for like three days. Maybe we're on the downside of the Trump Bump (Trump Slump?) because the glittering new construction homes haven't hooked a buyer yet. The public is reminded, however, that just like with hurricanes, it only takes one, and a Cat 5 billionaire might be just around the corner. Everyone can agree that Stephen Ross knows a thing or two about earning a living, so when he waves off worries about the economy, tariffs and the looming loss of the Thin Mint Frosty, people will probably listen. That's not to say there won't be some short-term instability, however. And Related Ross President Ken Himmel said corporate growth plans may be in question more this year than they were last year. Still, overall, people continue to move to South Florida at a steady clip (874 per day through 2028) and they are always going to need healthcare and homes. And for most of us who already live here, we also need those things, just with a discount, or some kind of BOGO, or a combo deal that comes with biggie fries, nuggs and a free prize such as a $30 million waterfront mansion. Live lightly. Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@ Help support our local journalism, subscribe today. This article originally appeared on Palm Beach Post: $30 million West Palm Beach waterfront homes slow to sell
Yahoo
25-02-2025
- Business
- Yahoo
Cleveland Clinic to build hospital in West Palm Beach, and 'Pee-Wee's Playhouse' meets luxe mansion in Boca Raton
Welcome to The Dirt! I'm real estate, weather and critter reporter Kimberly Miller with the latest developments in the sizzling market. I'm starting to get the distinct impression that we are all living in SimCity and billionaire Stephen Ross is the game master building up a metropolis around us like the machines in the Matrix. Or maybe it's Forge of Empires? Or just a full blown, all out "Game of Thrones" scenario and West Palm Beach is Kings Landing. Ooh. Can I be Daenarys?!? Just kidding. I could never eat a horse heart. 🤢 Moving on. Ross orchestrated the deal to have Cleveland Clinic open a hospital in West Palm Beach, and signed a purchase agreement — with cameras present of course — to sell land along Australian Avenue for the medical campus. Stay up to date on South Florida's sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers. In other real estate news last week, another Jimmy Buffett house sold, a fun estate that is a mix of "Pee-Wee's Playhouse," Mount Olympus and high-end luxury mansion is for sale in Boca Raton, and (stop me if you've heard this already) Stephen Ross did something. Also, and this is kind of real estate related because there's a python hot spot in Palm Beach County and you don't want to buy anything near a python hot spot, do you? You might think the designer of 1201 Marble Way, has, in all actuality, lost her marbles, but you'd be (mostly) wrong. Angela Nalbantu, who owns the 12,700 square-foot estate in Boca Raton, is just really into mythology, and the four elements, and folklore, and dragons, and Archangels, and peacocks, and painting, and making pottery, and sewing. I mean, who isn't? Right? Alas, with most of her children grown and out of the house, she and her husband are looking to downsize from the 12-bedroom waterfront home with three pools, including one shaped like a fish. Some home décor and furniture may be negotiable. The second of three Jimmy Buffett homes on the Bohemian-style (as Bohemian as you're going to get in Palm Beach) Root Trail sold for $4.795 million this month. Buffett, who died in 2023, may have personified the margarita-loving beach bum surfing pirate persona, but he was also an astute businessman. He was named a billionaire by before his death. There's just one Buffett cottage left on Root Trail if you're interested, and it's listed at a just-reduced priced of $4.775 million. That's down from the original list price of $6.125 million. File this under "Stephen Ross did something, again" news, which is ample these days. This time it's the opening of the One Flagler office tower in West Palm Beach, a 25-story stunner at the base of the Royal Park bridge. It is 95% leased, has a fitness center, and is home to the acclaimed restaurant Estiatorio Milos, which is open to the public. So, wait, that's how many buildings now for Ross in West Palm Beach? And do we count CityPlace as a single building or multiple? Either way, I think Ross is winning the SimCity tournament of champions. Game over. Do not pass go, do not collect $200. Bye, Felicia. Live lightly. Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@ Help support our local journalism, subscribe today. This article originally appeared on Palm Beach Post: Cleveland Clinic comes to West Palm Beach and another Jimmy Buffett home sells
Yahoo
18-02-2025
- Business
- Yahoo
Iconic pink building in West Palm Beach to get facelift, and $150 million mansion for sale on Manalapan
Welcome to The Dirt! I'm real estate, weather and critter reporter Kimberly Miller with the latest developments in the sizzling market. Presidents Day has come and gone and I don't know about you but I spent the long weekend shopping for multi-million-dollar homes in Palm Beach. What? You didn't? That's apparently a perfectly normal thing to do in these parts, and high-end real estate agents were expected to be busy bees all weekend ferrying clients to and fro. P-Day steals and deals included a $95 million estate next door to Rambo/Rocky/Cobra (or my personal favorite John Spartan) and a $200 million lot with trees and probably a coyote or two. And you thought Presidents Day was for mattress sales. Pshaw. Stay up to date on South Florida's sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers. In other real estate news, say goodbye to the iconic pink hue of Phillips Point, Boca Raton is going gangbusters with development, and the developer Great Gulf is pitching a new building on North Flagler, which is kind of bad timing considering the whole wallpapergate affair at La Clara. Also, a Manalapan estate's pool is giving off just a tiny bit of a Playboy Mansion vibe. Whether you love it or hate it, the iconic Phillips Point paint job is going the way of Andie's prom date in "Pretty in Pink," as in, disappearing. The salmon-hued building will get a new exterior of white limestone in an effort to update it to a more modern aesthetic. The facelift is already underway and is expected to take about 18 months. Phillips Point was built by Murray Goodman in 1985, which was just one year before "Pretty in Pink" debuted and became the best movie ever made. Coincidence? I think not. The bustling North Flagler corridor has another tall building being pitched, and this time it's by the developer of La Clara condominium. The proposed 97-unit residential building would have direct waterfront access on the Intracoastal Waterway. Neighbors in the Northwood Harbor Historic District aren't thrilled with another tower moving in, especially one that is proposed to be 379-feet tall. But the as-yet unnamed project is also hitting the scene as La Clara owners complain — meaning file a lawsuit — about promised luxury amenities that they said are more Rooms To Go than Restoration Hardware. Not that there's anything wrong with Rooms to Go! Gotta love that Cindy Crawford collection. A nearly 3-acre estate in the toniest of tony town of Manalapan is up for sale fully furnished with 306 feet of waterfront and a $150 million price tag. The house, built in 1972, has been extensively renovated, including by the current owner, British hedge-fund manager Christopher C. Rokos. It has modern Balinese-inspired architecture, seven oceanfront bedrooms, three family rooms and a basement club room. The 60,000-gallon swimming pool has a waterslide and waterfall splashing down from a faux rock mountain. And I just think (clears throat) it harkens back to the days of bunny bodysuits and smoking jackets because I cannot shake the image of the grotto from the Playboy mansion. Sorry. There. I said it. Live lightly. Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@ Help support our local journalism, subscribe today. This article originally appeared on Palm Beach Post: Palm Beach County real estate news with Phillips Point, La Clara and Manalapan mansion
