Published On: Wed, May 20th, 2015

Real Estate Magnet Jeff Greene remains bullish on Palm Beach County, pays $31M for prime land

Jeff Greene

Billionaire investor and real estate developer Jeff Greene spent $31 million to buy two West Palm Beach properties from BBX Capital. Seen as a strategic move, Greene now controls virtually all the land surrounding Currie Park in West Palm Beach.

Talking to Palm Beach Post, the real estate developer disclosed his plans to rebuild the entire neighborhood into multifamily homes and commercial spaces, including a Publix superstore. He is reportedly in talks with city authorities, proposing major changes to the surrounding streetscape.

Greene has been bullish on Palm Beach properties over recent years, paying an estimated sum of $300 million for 25 properties.

Jeff Green Buy from BBX Capital Corp. of Fort Lauderdale says it signed contracts last week to sell two properties on North Flagler Drive in West Palm Beach for $31 million.

Six years ago, Greene and his wife, Mei Sze, along with their three sons, moved to Palm Beach, investing in landmark properties, including the famous La Billucia and a 1936 building that housed Palm Beach’s main post office. Greene has been upbeat ever since about investing in local property market, maintaining that “few places in the world can match Palm Beach’s lifestyle and dynamism.”

In 2010, Greene entered Florida politics and ran unsuccessfully to secure a nomination for the US Senate race on a Democratic Party ticket

Greene, whose personal assets are valued at $3 billion, started his real estate career in his student days, becoming a millionaire while still pursuing a master’s degree at Harvard. He later moved to California, making a fortune as real estate entrepreneur.

Read more about: , , , , , , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems