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  • November 10, 2010
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CityPlace South Tower Closing Announcement

 

Gulfstream Capital Group is pleased to announce the closing of CityPlace South Tower, a high-rise residential condominium located in West Palm Beach, Florida.

 

  • HIGHLIGHTS
  • TRANSACTION SUMMARY
  • Acquisition: 15 day, all-cash purchase from global bank consortium
  • Bank of Nova Scotia, PNC Bank, TD Bank, People’s Bank, Comerica Bank, Allied Irish Banks, Bank Leumi USA
  • Asset Quality: The property was developed by The Related Group and exhibits the highest quality standards and a top-of- the-market amenity package
  • Location: Positioned within walking distance to CityPlace Shops, West Palm Beach’s epicenter for shopping, dining and entertainment, Raymond Kravis Center for the Performing Arts and the Palm Beach County Convention Center.
Location: West Palm Beach, FL
Type: High-Rise Residential
Acquisition Cost: $63,964,880; $209,720 punit, $170 psf
Units: 420 Total – 305 Units Acquired
Square Feet: 376,396 Net Sellable Acquired
Development Cost: $144,000,000; $464,000 punit, $380 psf
Structure: All-Cash Purchase of Unsold Inventory
Closing: November ‘10
 

ABOUT

Gulfstream Capital Group, LLC is a Real Estate Investment Manager located in Dallas, Texas focused on the nationwide acquisition of Multifamily and Mixed-Use Real Estate, including Conventional, Condominiums, Senior and Student Housing.
 

Under no circumstances should any information presented on this website be construed as an offer to sell, or solicitation of an offer to purchase any securities or other investments. This website does not contain the information that an investor should consider or evaluate to make a potential investment. Offering materials relating to investments in entities managed by Gulfstream Capital Group are not available to the general public.×

Tags: CityPlaceClosingSouth Tower

Press Release

  • RECENT NEWS

    • Ft. Worth Closing of a Land and Loan Venture
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    • Recent Investments

      • South Tower CityPlace
      • Tranquil Court
      • 3949 Lindell

    9301 N. Central Expressway, Tower 2, Suite 335, Dallas, TX 75231

    214.666.8526

    info@gulfstreamcap.com

    Copyright 2015 Gulfstream Capital Group LLC. All rights reserved.

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