An international real estate investment and development firm Golub & Company, Commercial Financial Management, Inc. and Elion Partners are co-developing the 25-Story 69-unit waterfront condominium Bristol Palm Beach. The tower, which broke ground in May 2016, is located at 1100 South Flagler Drive at the base of the Flagler Memorial Bridge, allowing for unprecedented vistas of the Intracoastal Waterway, Atlantic Ocean and Palm Beach Island.
Construction financing was provided by BREDS III Loan Holdings, an affiliate of The Blackstone Group. HFF’s Scott Wadler, James Dockerty, and Marc Roth brokered the construction loan. Michael Goldman, Golub & Company Senior Vice President, Acquisitions & Finance, coordinated the transaction for the borrower.
The Bristol Palm Beach is a modern take on gracious living. The luxury condos range from 3,700 to 14,000 square feet and start at $5 million. The three- to five-bedroom ultra-luxury residences feature flow-through layouts with east to west ocean and city views and are delivered move-in ready with bespoke finishes. Private elevators open directly into each residence, with separate service elevators for staff and deliveries.
The amenities rival those of five-star resorts, including: a private dining room overlooking the Intracoastal; a fitness center featuring a main workout room, outdoor deck, private yoga and personal training room; a wet spa area with his and hers private indoor and outdoor treatment rooms, soaking tubs, steam rooms, and saunas; a dedicated beauty suite for private hair, manicure and pedicure appointments; and a 75-foot lap pool, heated whirlpool, and enclosed aquatic feature for children. The lobby will be staffed with 24-hour front desk attendants, a doorman and a concierge.
Other key participants include Solomon Cordwell Buenz, architect, and Suffolk Construction, general contractor. The interiors are designed by celebrated New York-based designer Amir Khamneipur and the outdoor spaces are designed by world-renowned landscape architects EDSA.