Palm Beach County’s real estate market is experiencing a significant transformation, marked by high-profile asset sales and major new construction projects. From the $191 million acquisition of a premier golf resort to the groundbreaking of a massive mixed-use project in downtown West Palm Beach, the region continues to attract substantial investment across multiple sectors.
Key takeaways
- Ohana Real Estate Investors acquired the 392-acre Panther National golf resort for $191.2 million.
- A new 350,000-square-foot mixed-use development has broken ground near the West Palm Beach Brightline station.
- Health Wave Partners purchased the Alamar Senior Living facility in Wellington for $31 million.
Panther National resort changes hands
In a major move for the Palm Beach Gardens area, Ohana Real Estate Investors has finalized the purchase of the Panther National golf resort for $191.2 million. The sprawling 392-acre property, located within the Avenir master development, features a high-end championship golf course designed by Jack Nicklaus and Justin Thomas. The site currently includes 68 single-family homes, with plans already in motion to expand the residential footprint by an additional 150 units. This transaction represents one of the largest golf course sales in South Florida in recent years, highlighting the continued demand for luxury residential and recreational assets.
Transit-oriented growth in West Palm Beach
Downtown West Palm Beach is seeing a new wave of development as construction begins on a 350,000-square-foot mixed-use project at 506 Datura Street. Situated directly across from the Brightline station, the development aims to cater to both business and leisure travelers. The project will feature the Alida Residences, a 21-story luxury apartment tower offering 181 units, alongside a 112-room hotel operating under Marriott’s Tribute Portfolio brand. City officials view this project as a vital step in densifying the downtown core and enhancing the transit corridor, providing residents and visitors with modern living and hospitality options.
Diversified investment in senior living
The commercial real estate momentum extends to the senior housing sector as well. Health Wave Partners recently completed the acquisition of the Alamar Senior Living facility in Wellington for $31 million. This sale, involving assets previously held by Walton Street Capital and Scarp Ridge Capital Partners, underscores the ongoing interest in specialized healthcare and residential facilities within the county. As the population in Palm Beach County continues to evolve, investors are increasingly focusing on high-quality assets that serve the needs of a growing demographic.
Sources
- Panther National golf club in Palm Beach Gardens sold to Ohana Real Estate Investors, The Business Journals.
- Walton Street Capital Scarp Ridge Capital Partners sells Alamar Senior Living in Wellington to Health Wave
Partners, The Business Journals. - Centaur Sells Panther National Golf Resort and a Housing Dev for $191M – Commercial Observer, Commercial Observer.
- A New 350,000-Square-Foot Development Is Taking Shape in Near West Palm Beach’s Brightline Station, WhatNow.