Developers are looking at investing more than $10 million into a vacant building in downtown West Palm Beach, according to city documents. The investors would then buy the property, located at 314 Clematis St., outright for another $7.6 million over five years.
The West Palm Beach Community Redevelopment Agency bought the building for $7.5 million in 2019. After previous deals to buy the building fell through, Brand Atlantic Real Estate Partners and Blue Water Advisors LP plan to turn the building into a restaurant/bar with a second-floor terrace.
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