$500 Million Center Planned for the Former Palm Beach Jai Alai Fronton

$500 Million Center Planned for the Former Palm Beach Jai Alai Fronton

Brittany Bosher
Posted by Brittany Bosher
| Internet Marketing Team
Updated on
|
Published in Local News


The former Jai Alai Fronton at Mangonia Park in West Palm Beach has been selected for a new, $500 million business and technology center. The center is the vision of Victor Palacios, a former real estate broker and businessman. Palacios said his Palm Beach Business and Technology Center would feature businesses and vocational schools as well as a K-12 charter school, a cultural center, a sports venue, some retail and dining, and even a hotel.

The Mangonia Park, a 53 acre piece of land on 45th street that has been owned by boxing promoter, Don King since 1999. The land has been vacant and unused since 1994. It has been appraised by the Palm Beach County Property Appraiser and was given a market value of nearly $7million. 

The possible Business and Technology Center offers a great opportunity for the area, however there is no confirmed purchase yet. Palacios said he has not finalized a deal with King yet, nor commented on what the purchase price might be but he did say that King “is supporting the project 100 percent.” Palacios said he hoped to start turning shovels in a year, finish the $127 million first phase in three years, and complete all five phases in six to seven years. 

Stay tuned for more information to come soon with the developments and purchases of Mangonia Park in West Palm Beach

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.

The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Waterfront Properties and Club Communities are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Copyright 2024 Realtor® Association of Martin County, Inc. MLS. All rights reserved.

Listing information last updated on April 20th, 2024 at 12:38pm EDT.

The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of Palm Beach Board of Realtors Multiple Listing Service. Real estate listings held by brokerage firms other than Waterfront Properties and Club Communities are marked with the listing broker's logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

© 2024 Palm Beach Board of Realtors Multiple Listing Service. All Rights Reserved.

Listing information last updated on April 20th, 2024 at 12:38pm EDT.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®, and is updated as of April 20th, 2024 at 12:38pm EDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of MAR.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing

Beaches Multiple Listing Service LogoAll listings featuring the BMLS logo are provided by BeachesMLS, Inc.This information is not verified for authenticity or accuracy and is not guaranteed.Copyright © 2024 BeachesMLS, Inc.

Listing information last updated on April 20th, 2024 at 12:38pm EDT.