A waterfront development in the quiet town of Palm Beach Shores on Singer Island is getting a massive remodel and rebranding after a lofty $58.5 million sale to an investor last year.
Palm Beach Post
A waterfront development in the quiet town of Palm Beach Shores on Singer Island is getting a massive remodel and rebranding after a lofty $58.5 million sale to an investor last year.
The 36-unit Cannonsport condominium and marina on the Intracoastal Waterway is now the HAVN Residences and Yacht Club with renovated condominium units selling for between $2 million and $4 million.
It’s the first project for Johnston Group Development and Construction in Palm Beach Shores, a beach town of mostly single-family homes at the southern tip of Singer Island that has been recently discovered by developers eager to buy up waterfront properties.
Ryan Johnston, CEO of the Palm Beach Gardens-based Johnston Group, said as a boater he was familiar with the property, which has a working marina with 52 boat slips that can accommodate vessels from 30 to 150 feet.