$60 Million Acquisition Closed for 43-Acre Royal Palm Beach Site as Mixed-Use Redevelopment Moves Forward
Concord Wilshire Capital has closed on the $60 million acquisition of a 43-acre development site at the intersection of State Road 7 and Southern Boulevard in Royal Palm Beach, advancing plans for the rebranding and redevelopment of the property formerly known as Tuttle Royale. The site, which has also been identified in trade coverage as 10629 Acme Road, is planned for a large-scale mixed-use village with 401 multifamily residences, approximately 426,764 square feet of retail space, a 125-key hotel, and an approximately 82,875-square-foot office building.
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