Posted on July 3, 2017 · Posted in Investments, Land, Office, Retail

A Boca Raton developer listed for sale the site of a West Palm Beach hotel-and-office project called the Cosmopolitan after paying $1.7 million for the site in January.

Cosmopolitan rendering

Boca Raton-based Privcap had planned to spend $55 million to build a complex called the Cosmopolitan, with a 201-room hotel, 125,000 square feet of office space and a seven-level parking garage. But commercial real estate broker E. Anthony Hollis confirmed that the site at 415 South Dixie Highway in West Palm Beach, a former location of Russo’s Submarine Shop, is for sale.

 

Source: The Real Deal

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