By Alexandra Clough – Palm Beach Post Staff Writer
Thursday, January 12, 2017
To read the full article click here
Excerpt:
Helping the Mayo/Frielich ventures is the revival of development on Clematis Street’s west end.
“The 500 block is no longer the dead zone of Clematis,” said real estate broker Rebel Cook.
Indeed, the Brightline train station is under construction, new apartments are being built nearby, and the 4th District Court of Appeal’s new courthouse, on Tamarind Avenue at Clematis and Datura Streets, is under construction, too. Then there are the three hotels planned for nearby Rosemary Avenue: An Aloft Hotel, an Indigo Hotel and a hotel for lovers only, dubbed Prive Suites , which will feature swimming pools in each room. All these elements will increase customer and foot traffic to bars and restaurants, real estate experts say.
The 500 block was expected to receive a major boost with the opening of a theater at 522 Clematis St., but plans for the theater fell apart late last year. The property now is for lease or for sale, said Cook of Rebel Cook Real Estate in Palm Beach Gardens.
The 522 Clematis St. building has been on the market for just a few days, but Cook said she’s already fielding calls from tenants interested in the 6,400-square-foot space.
The Economic Forum offers a salon of intellectual thought on business and commerce.