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.
- 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|