North Palm Beach town center redevelopment tied up in lawsuits
A Texas developer’s plan to transform a North Palm Beach mall site into a mixed-use town center is stalled as the company hit zoning roadblocks and sued the city. Austin-based Cypress Real Estate Advisors bought the property at the former Twin City Mall for $19 million in 2022. But construction on the site hasn’t started four years later, largely because of a year-long lawsuit between the developer’s subsidiary, NP-Devland Holdings, and the village of North Palm Beach, Stet News reported. The 13-acre town center, known as Village Place, is planned with a 222-room hotel, two 14-story residential buildings, a 9-story […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131