$39.95 million for this Delray Beach house.
Rendering of the $13.635 million house being built in Ocean Ridge.
Photos provided
By Christine Davis
With another season winding down, home sales on Palm Beach County’s southern coast continue to break records.
Listing in January with a price of $39.95 million, a 33,500-square-foot home on 1.7 acres at 921 S. Ocean Blvd., Delray Beach, closed Feb. 29, selling for $34 million. That was a record for the oceanfront area from Manalapan to Highland Beach, said Pascal Liguori of Pasqual Liguori & Son Premier Estate Properties, who represented the seller, 921 South Ocean Boulevard LLC.
“The 21,000-square-foot ultramodern home, which was built in 2013, is on a very deep gorgeous lot with 155 feet on the ocean,” he said.
The buyer, Chicago investor Richard A. Chaifetz, was represented by Michael O’Rourke of Estates Registry Realty.
Holding the record previously in Delray Beach was a property at 901 S. Ocean, which sold in February 2015 for $19 million. For the area, the record holder was 800 S. Ocean, Manalapan, which sold in September 2015 for $33 million.
In February, a pre-construction oceanfront spec mansion, on a little over an acre at 6125 N. Ocean Blvd., sold for $13.635 million, a record-breaking price for Ocean Ridge. Agents representing the seller, 6125 North Ocean Boulevard LLC, which is linked to Boca Raton builder Mark Timothy Inc., were Nicholas Malinosky and Randy Ely with the Corcoran Group.
It was purchased by Watersedge 21 Properties LLC, a company with a New York City address, which was represented by Russell Newman, an agent with Lang Realty.
Slated for delivery next year, the 12,700-square-foot home will have five bedrooms, eight full bathrooms, a four-car garage, guest quarters and a pool. Previously, an estate at 6017 Old Ocean Blvd. sold for a record $9 million in 2009.
Going from news to brews, the Lake Worth Herald building, at 130 S. H St., Lake Worth, has sold through Carmel Commercial Real Estate & Management of Delray Beach. And thanks to recent zoning changes, the property will be transformed into Lake Worth’s first micro-brewery by Mathews Brewing Company. On site, beer will be brewed and distributed, and a tasting room will be open to the public. The Lake Worth Herald’s offices are now at 1313 Central Terrace, Lake Worth.
On Jan. 19, Mitchell Millowitz and Ryan Rosalsky, of Newmark Grubb Knight Frank, brokered an $18.5 million acquisition for PetMed Express Inc. with 420 South Congress Inc., an affiliate of the Atlanta-based Stockbridge Real Fund, for the Delray Distribution Center complex, at 420 S. Congress Ave., Delray Beach. The complex’s two buildings comprise about 185,000 square feet, with one building fully leased to shipper DHL Express.
PetMed Express Inc. will take over the first floor of the second building, and Levenger Co. will continue to lease the second floor.
Changes are completed at Crane’s Beach House Boutique Hotel & Luxury Villas: its top-to-bottom $1.2 million renovation, a new website at www.cranesbeachhouse.com, and also, Bill Kinsloe was promoted to front office supervisor. Crane’s Beach House Boutique Hotel & Luxury Villas is at 82 Gleason St., Delray Beach.
The Greater Delray Beach Chamber of Commerce’s Delray Affair, April 8-10, which celebrates its 54th anniversary this year, traces its roots back to the late 1940s as the annual Delray Beach Gladiola Festival, which featured a gladiola parade and Miss Gladiola beauty pageant.
While free to eventgoers, it has an economic impact of an estimated $40 million to Delray Beach over its history. The Delray Affair, in downtown Delray Beach, features more than 500 exhibits by artists and crafters as well as an array of food vendors.
Highlights this year include a poster by Dr. Ella Remenson, a bus showcasing the GEICO Traveling Tour, the Delray Honda Family Fun Zone, the Games on the Go Mobile Arcade, Solid Waste Authority and Boy Scout Troop 301’s “An Affair to Recycle” (by the way, they recovered 5,780 pounds of recyclables at the Garlic Fest), the town merchants’ Behind the Booths, and more.
In honor of Rotary International’s Feb. 10, 1905, founding, the Delray Beach Rotary Club gave itself a birthday party in celebration of the Rotary’s 111 years. While not quite as old, the Rotary Club of Delray Beach was chartered 68 years ago on Feb. 10, 1948, at the Colony Hotel under the sponsorship of the Rotary Club of Boynton Beach.
It was established with 27 charter members and guided by its first president, Lauren C. Hand. Since then, the club, together with its charitable, tax-exempt corporation, Delray Beach Rotary Fund Inc., has been involved in many local and international projects, including contributing more than $100,000 for scholarships to local high school students and more than $65,000 for Polio Plus, a Rotary International project to eradicate polio throughout the world.
The money to finance these projects was raised through golf tournaments, bingo and the club’s annual hot dog and soft drink sale at the Delray Affair. The club has a lunch meeting at 12:15 p.m. Tuesdays at the Delray Beach Public Library, 100 W. Atlantic Ave., Delray Beach.
At its May 20 annual Business Awards Luncheon at the Boca Raton Resort and Club, the Boca Chamber will recognize Jim Dunn, vice president and general manager of JM Lexus, as the Business Leader of the Year, Joe and Rosie Martin, owners of Allegiance Home Health, as the Small Business Leaders of the Year and 3Cinteractive as the Business of the Year.
At the Boca Chamber’s 10th annual Diamond Award Luncheon in February, nine previous recipients were honored, a new mentor program was unveiled and its inaugural “Diamond in the Rough” recipient, Rachel Zietz of Gladiator Lacrosse, was announced. Zietz was a participant in the Chamber’s Young Entrepreneurs Academy in 2012 and in two years grew her business to sell more than $1 million of lacrosse equipment. At 9 p.m. May 13, Zietz will appear on ABC’s Shark Tank.
Through the chamber’s new mentoring program, the previous Diamond Award recipients Mary Wong, Rocki Rockingham, Victoria Rixon, Cheryl Budd, Margaret Mary Shuff, Dr. Marta Rendon, Jackie Reeves, Yvonne Boice and Mary Sol Gonzalez will mentor students from the Young Entrepreneurs Academy program.
In conjunction with other chambers and advocacy organizations, the Boca Chamber is part of the Business Rent Tax Coalition, which is working to remove Florida’s 6 percent sales tax on commercial leases.
“As a pro-business advocate, the Boca Chamber strives to maintain an environment where organizations provide opportunities for employees and Boca Raton families. Eliminating the business rent tax would entice more businesses to our great state, thus contributing to the cycle of commerce,” said Troy McLellan, Boca Chamber’s president and CEO. For information about the Business Rent Tax Coalition, visit www.cutmybizrent.tax.
Also, in their search for funding, Boca Chamber’s Golden Bell Education Foundation’s Young Entrepreneurs Academy students will present their business plans to local investors April 6 at FAU Tech Runway. The investor panel will include Palm Beach executives Beth Johnston, Florida Blue; Angela Mastrofrancesco, Comerica Bank; Sam Zietz, TouchSuite; and Andrew Duffell, the Research Park at FAU. To RSVP to this free and open-to-the-public event, for directions, or to join the panel, contact Jenna Reed at jreed@bocachamber.com.
Posh Properties of Delray Beach celebrated its fourth anniversary on Feb. 27.
Above: (l-r) Niki Pepper, Donna Benson, Michelle Yales, Jerilyn Walter, owner/broker, Jacie Paulson and Susie Fernandes.
Photo provided
In February, at the fourth annual Barrier Free 5K races, which benefited the Congress Avenue Barrier Free Park in Boynton Beach, Bella Natale, the honorary starter, received a very special send-off: a Cinderella-inspired carriage from Magical Wheelchair Inc.
Among the 140 participants, overall winners were Matt Triggs and Cori Gauff. At age 11, Gauff is now the youngest overall winner in the race’s history. Master winners were Richard Bowers and Erika Williams, and grand master winners were Mike Schengber and Amy Triggs.
Barrier Free Park offers opportunities and a support network for children of all abilities to play, and the annual race has raised more than $17,000 for the park since 2013. The park is at 3111 S. Congress Ave., Boynton Beach.
From 8 a.m. to noon April 30, the Delray Beach-based Institute for Regional Conservation will hold a volunteer day at Atlantic Dunes Park in Delray Beach, focusing on restoring biodiversity by removing invasive plant species and planting species native to Palm Beach County’s dune systems.
The cost of supplies was covered through a mini-grant awarded to the Institute for Regional Conservation by Keep Palm Beach County Beautiful, Inc. Volunteers are invited to bring lunch and stay afterward for a picnic. Atlantic Dunes Park is at 1605 S. Ocean Blvd., Delray Beach.
The Community Foundation of Palm Beach and Martin Counties chose Sandoway House Nature Center as one of 10 winners of the Forever Arts & Culture Endowment Challenge, which provides $250,000 in grants from the John D. and Catherine T. MacArthur Fund. The center will receive a dollar-for-dollar matching grant of $25,000 to establish a permanent endowment fund at the Community Foundation.
Located at 142 S. Ocean Blvd. in Delray Beach, the Sandoway House Nature Center offers a variety of programs, experiences and opportunities, including shark and alligator feedings in its coral reef pool, guided historic tours, nature walks and astronomy nights.
In March, the Boys & Girls Club of Delray Beach’s “Be Great Celebration Dinner,” at the Delray Beach Marriott, raised more than $132,000 for the club and honored Tony Wilson, chairman, president and CEO of Seagate Hospitality Group, as well as the Youth of the Year of Delray Beach Karah Pierre.
At the event, Seagate Hospitality Group made a gift of $25,000 as an endowment fund toward the Youth of the Year program. From this gift, every year for 25 years, the Youth of the Year will receive a $1,000 scholarship to help cover his or her educational expenses. Pierre, 15, a member of the Delray Beach Boys and Girls Club for 10 years, was the first scholarship recipient.
In March, Hypoloxo Island resident James DeGerome, a retired gastroenterologist who practiced in Palm Beach County for 31 years, was awarded the Digestive Disease National Coalition’s Lifetime Service Award at its 28th Annual Public Policy Forum in Washington, D.C.
Women’s clothier Evelyn & Arthur will donate the rounded-up amount of each sale May 3 during the third annual Great Give, run by Palm Beach County and the Community Foundation for Palm Beach and Martin Counties.
Evelyn & Arthur also will sell orange pashminas for $28 with 100 percent of the proceeds supporting the Great Give. It will donate a prize to the nonprofit that raises the most funds during one of the drive’s hourly contests. Evelyn & Arthur’s Manapalan store is at 277 S. Ocean Blvd. in Plaza del Mar. Hours are Monday through Friday, 10 a.m. to 6 p.m., and Sunday, noon to 5 p.m.
Send business news to Christine Davis at cdavis9797@gmail.com.
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