The property is entitled for the development of 301 residential units, 244,000 square feet of office, and just over 7,000 square feet of retail.
Pulso Capital purchased the property for $551,282 per unit.
“The Lake Worth submarket remained at 95% occupancy or above in 2020 and is poised for additional rent growth.”
The sale price equates to $221,250 per unit.
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