Orlando developer in contract to buy out aging West Palm co-op for $200M
Orlando developer Chuck Whittall is under contract to buy out the owners of a waterfront co-op building in West Palm Beach, The Real Deal has learned. Whittall, founder and CEO of Unicorp National Developments, could pay close to the asking price, roughly $200 million, for the 140-unit La Fontana at 2800 North Flagler Drive, according to sources. The 10-story building was completed in 1961, meaning it’s about 65 years old. 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 […]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