Real estate powerhouse Frisbie Group navigates string of setbacks
Developers don’t always get what they want in South Florida, as the Frisbie Group has been reminded this year. Months after redevelopment plans unraveled for a Palm Beach assemblage anchored by the former IberiaBank building at 180 Royal Palm Way, the firm and its partners sold the properties to CS Ventures for an undisclosed amount after paying $26 million for the site in 2021. The sale followed another setback earlier this year, when Boca Raton voters overwhelmingly rejected One Boca, the developer’s proposed government campus redevelopment with David Martin’s Terra. In Palm Beach, Frisbie had proposed adding six luxury residences […]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