Palm Beach’s prestigious Worth Avenue has a new steward for one of its iconic shopping destinations. The Esplanade, located at 150 Worth Avenue, has been acquired by Reuben Brothers and Crown Onyx Investments. The transaction marks a significant shift in ownership for the luxury retail hub, previously held by an affiliate of O’Connor Capital Partners.
Key Takeaways
- Reuben Brothers and Crown Onyx Investments are the new owners of The Esplanade.
- The property is situated at the prime location of 150 Worth Avenue in Palm Beach.
- The seller was an affiliate of O’Connor Capital Partners.
- The purchase price has not been publicly disclosed.
A New Era for The Esplanade
The Esplanade, a well-known shopping center on the famed Worth Avenue, has officially transitioned to new ownership. Reuben Brothers, in partnership with Crown Onyx Investments, has completed the acquisition of the property from an entity associated with O’Connor Capital Partners. This development signifies a new chapter for the luxury retail space, which is a cornerstone of Palm Beach’s high-end shopping district.
Transaction Details Remain Private
While the sale has been confirmed by Reuben Brothers, the financial specifics of the deal have not been revealed. As of noon on March 23, 2026, no deed of sale had been officially recorded in the Palm Beach County courthouse. This means the exact purchase price remains confidential and is not yet available in public records. The lack of disclosed figures is common in high-value real estate transactions, particularly within exclusive markets like Palm Beach.
Sources
- Luxury shopping center on Worth Avenue in Palm Beach has new owners, The Palm Beach Post.