Two more old condominium complexes along the West Palm Beach waterfront could be purchased by real estate developers wanting to tear them down and rebuild new luxury high-rise residential towers on their sites.
The bulk purchase offers come as the Flagler Drive waterfront continues to attract real estate developers in a frenzy to build luxury residences for millions of dollars, each.
Owners at the Regency Surf & Racquet Club at 4500 N. Flagler Dr. recently received a $100 million offer for a bulk purchase of the condo’s 96 units, said West Palm Beach real estate investor Scott Diament, who owns two units in the complex…