Developer paying $1.5 million each for low-rise condos that sold for about $200,000 a few years earlier; neighbor stands to cash in. Another developer is pursuing a high-rise to cash in on the boom in residential real estate along West Palm’s North Flagler Drive waterfront. The developer of Alba, a 55-unit, 21-story high rise under construction at the site of the former Scuba Club at 4708 N. Flagler Drive, is assembling more waterfront land immediately to the north for Alba Reserve. Plans have not yet gone to the city. But Alba developer Kenneth Baboun of BGI Cos. has pitched a
The post Builder sinks cash into second Alba tower site appeared first on Stet News.