Gulfstream Capital

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SOUTH TOWER CITYPLACE

  • Cassidy Ridge
  • 3949 LINDELL
  • south-tower-2
  • south-tower-closing
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Condominimum, Retail

South Tower CityPlace is a 20-story residential building consisting of 420 condominium units as well as an 8-story structured parking garage that was completed in 2008.

Gulfstream purchased 305 unsold units. Building amenities include fully equipped spa and fitness center including a sauna, 9th floor club deck with a resort-style pool, grill, outdoor party room, Wi-Fi access throughout, party lounge including billiard area, catering kitchen, video gaming center, and large flat screen TV’s. Unit amenities include: 10 foot ceilings, walk-in closets, oversized balconies, Italian cabinetry, polished granite countertops, stainless steel Kitchen Aid appliances, and spa tubs with separate showers. The property is located in West Palm Beach in the center of a vibrant community known for its local art scene, world-class performing arts, internationally renowned restaurants and shops, and pristine waterways.

  • OBJECTIVE
  • INVESTMENT DETAILS
  • Strengthen the in-place leasing program, while implementing a new sales and marketing platform to systematically sell the remaining units over the course of 84 months.
Investment Type: Distressed Condominium Development
Property Type: Condominium – Retail
Status: Winding down the leasing program as condominium sales continue at a strong pace
Acquisition: November 2010
Disposition: Ongoing

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  • Location W Palm Beach, FL
  • WebsiteVisit
  • RECENT NEWS

    • Ft. Worth Closing of a Land and Loan Venture
    • Austin Mezzanine Loan Closing Announcement
    • Cassidy Ridge Closing Announcement
    • 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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      • Ft. Worth Closing of a Land and Loan Venture04/27/2016
      • Austin Mezzanine Loan Closing Announcement05/05/2015
      • Cassidy Ridge Closing Announcement12/12/2014
      • Campus Suites Closing AnnouncementCampus Suites Apartments Closing Announcement04/01/2011
      • 3949 Lindell Campus Core Campus Suites CityPlace Closing Falcon Lake Apartments South Tower The Highlands