Bris­tol condo sale sets record for West Palm

Palm Beach Daily News - - BUSINESS - By JEFF OSTROWSKI

Acondo at the Bris­tol tower just sold for $10.4 mil­lion, a record for a unit in West Palm Beach.

A num­ber of con­dos on the is­land have fetched more than $10 mil­lion.

But the for­mer record for a closed condo deal in West Palm Beach was $7.4 mil­lion, for a unit at One Water­mark Place at 622 N. Fla­gler Drive.

Ac­cord­ing to prop­erty records, Ray­mond L. Golden is the new owner of a 5,000-square-foot unit at the Bris­tol, 1100 S. Fla­gler Drive. Golden is a for­mer in­vest­ment banker who lives in Palm Beach Gar­dens.

It’s the third unit to close at the Bris­tol.

Other con­dos have fetched $6.75 mil­lion and $6.85 mil­lion.

As the 291-foot-high tower along the In­tra­coastal Wa­ter­way nears com­ple­tion, the Bris­tol prom­ises to pro­duce a num­ber of eye-pop­ping clos­ings.

The tower’s Chicago-based de­vel­oper says units are un­der con­tract for as much as $44 mil­lion, the sum promised by Palm Beach phi­lan­thropist Sy­dell Miller for the tower’s en­tire 24th floor. That deal has yet to close, but Bris­tol de­vel­oper Al Adel­son promised the $10.4 mil­lion mark will stand only tem­po­rar­ily.

“This isn’t even close to what other peo­ple have paid,” Adel­son said Fri­day.

In ex­change for hefty prices and large monthly fees, unit own­ers get perks such as pri­vate el­e­va­tors.

Golden started his in­vest­ment bank­ing ca­reer at Salomon Broth­ers.

He and his fam­ily foun­da­tion have sup­ported the Jewish Fed­er­a­tion of Palm Beach County, and Golden has held lead­er­ship po­si­tions with the World Wildlife Fed­er­a­tion.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.