Lionstone revs up sales for project that stalled under previous developer

The Lowenstein family’s Lionstone Development is launching sales for a planned condo project in Palm Beach Shores that stalled out under a previous developer. 123 Ocean is a 6-story, 27-unit luxury condominium slated for the 0.7-acre site at 123 Ocean Avenue. The Lowenstein family bought the site for $13 million last year from developer Deepak Khosa, who planned and began construction of an 18-unit condo project dubbed the Pearl. 123 Ocean is set to include floorplans spanning between one- and three-bedrooms, with prices ranging from $1.7 million to $8 million. Lionstone tapped Arquitectonica, interiors firm Asthetique and landscape design firm […]This article originally appeared on The Real Deal. Click here to read the full story.