Allen Morris buys Savanna’s West Palm assemblage for development partnership

The Allen Morris Company is partnering with Savanna on a West Palm Beach apartment project after taking ownership of the development site. New York-based Savanna sold an assemblage to Coral Gables-based Allen Morris for $16.8 million. Allen Morris will be a managing member and lead development, a company spokesperson said.  The development site spans 1.4 acres at 1830 North Dixie Highway and 206, 312, 316, 320, 324, 330, 332, and 336 Pine Street. It’s across from Savanna’s under-construction Olara condo and about 1,000 feet from the intracoastal waterfront. The development is planned for 315 units of multifamily housing, a spokesperson […]

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