Sunday, November 14, 2010

Ritz comes `home' to Singer Island

The luxury hotel brand this month put its iconic sign on the former 2700 North Ocean condo on Singer Island, transforming the property into the Ritz-Carlton Residences, Singer Island, Palm Beach.
The move follows the June purchase of 146 unsold units by Lionheart Capital, a joint venture between Miami and New York real estate entities. Lionheart paid developer Dan Catalfumo $120 million for the unsold 2700 North Ocean units, making this deal the most expensive bulk condo sale in South Florida history.

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