Orlando developer backs out of $200M buyout in West Palm Beach

Orlando developer Chuck Whittall’s roughly $200 million buyout of a waterfront co-op building in West Palm Beach is dead in the water, according to sources.  Whittall, founder and CEO of Unicorp National Developments, terminated the contract for the 140-unit La Fontana at 2800 North Flagler Drive, on the eve of his deposit becoming non-refundable, according to sources. He sought an extension on the deal.  The co-op hired Christian Prakas of Ryan Serhant’s firm, Serhant, to market the building for a bulk sale last year. Owners signed a letter of intent with an unnamed developer in November, and The Real Deal […]

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