Posted Jan 31, 2016, 7:57 AM
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Join Date: Jan 2009
Location: 360, St. Edwards
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Jeff Greene forges ahead on West Palm project
Quote:
The city of West Palm Beach recently approved billionaire developer Jeff Greene’s $250 million mixed-use project for 550 North Quadrille Boulevard. Greene, who has amassed multiple land holdings in the city, told The Real Deal that the project is his “absolute” number one priority.
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“There’s nothing like it in West Palm Beach, maybe even all of Palm Beach County,” Greene says. He claims that the proposed buildings will be the tallest in the city, providing one-stop living for upscale professionals.
Greene added that the project will be financed with a construction loan and that he will put up some equity. He won’t be adding other investors, he told TRD. Lenders already are knocking on his door to provide a loan, Greene said. “It just depends on who gives us the best terms.”
Greene hopes to break ground on the project within the next three to six months, and hopefully finish within two years.
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