Plans for the condo at 3200 S. Ocean Blvd. call for 20 units.
By Rich Pollack
A developer with a reputation for building high-end projects in south Palm Beach County has become the latest in a long line of owners hoping to finally construct Highland Beach’s first new high-rise condominium in more than a decade.
3200 Seagate LLC recently purchased the long-vacant property at 3200 S. Ocean Blvd., from 3200 S. Ocean Blvd. LLC, with plans to continue building a 20-unit luxury condominium.
The property, on the west side of A1A, was purchased, according to records from the Palm Beach County Clerk and Comptroller’s Office, for $5 million.
The new owners, who essentially represent the same group that developed the Seagate Hotel and Spa, Seagate Beach Club, Seagate Country Club and the Seagate Residences in Delray Beach, became the fifth owners of the property in the last 15 years.
Attorney Tom Carney, who represents 3200 Seagate LLC, said the developer plans to keep the basic development plans presented to the Highland Beach Town Commission last year when the then-owners asked for a one-year extension of a variance to the town’s height limitation of 60 feet.
The seven-story building is projected to be 90 feet tall and is likely to include luxury units with a minimum of 2,500 square feet and a minimum price of $1.25 million.
Town officials say Seagate LLC has until June to file building permits in order for the variance extension to remain valid.
E. Anthony Wilson, chairman and CEO of Seagate Hospitality Group, said the company is dedicated to becoming the final developer to purchase the property.
“We have no interest in flipping the property,” he said. “We wouldn’t have bought it if we didn’t plan to develop it.”
Buyers of units in the new condominium building will have access to other Seagate properties, Wilson said, including the beach club and the country club.
Residents living in buildings adjacent to the vacant property say they are optimistic that the site will finally be developed and that the eyesore created by previous failed development attempts will be eliminated.
“Everyone in our building is very pleased,” said Highland Beach Town Commissioner Carl Feldman, who is also president of the condominium association at Villa Costa, immediately south of the vacant property. “We’re confident they’re going to take care of the unsightly problems.”