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Home›Real Estate›Commercial›Woodfield Development buys West Palm Beach condo units…

Woodfield Development buys West Palm Beach condo units at auction

ConnectCRE says Woodfield Development was the top bidder at $13.5 million after the condo community was more than $1.5 million behind on water bills.

Reported · Written up by our desk · Commercial

Woodfield Development acquired a condo community in West Palm Beach, Florida, after an auction handled by Avison Young and Fisher Auction.

According to ConnectCRE, the sale covered all units, plus a 0.32-acre clubhouse and pool parcel, at a property located at 2800 Georgia Avenue.

ConnectCRE reported that Woodfield Development was the top bidder at $13.5 million.

The outlet added that the development was more than $1.5 million behind on paying its water bills, and noted that existing MF-20 zoning allows up to 20 dwelling units per acre.

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Sources

ConnectCREWoodfield Acquires West Palm Beach Condos at Auction

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