Real Estate
Billionaire Stephen Ross’s Related Buys West Palm Beach Site for Condos
- Luxury units at South Flagler House to start at $7.5 million
- Related purchased the site from Hines and Frisbie Group
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Related Cos., the real estate firm led by billionaire Stephen Ross, has purchased a site slated for a luxury condo development in West Palm Beach, Florida.
The New York-based firm bought the waterfront site from Hines and Frisbie Group, according to a statement Friday. The project, called South Flagler House, will include two 28-story towers connected at a base lined with stepped gardens. Related’s purchase price was $195 million, according to people familiar with the matter who asked not to be identified citing private information.