10/27/2026
On paper, Meridia/Capodagli might appear to have been the highest bidder, with a $3.5 million land offer, plus closing costs and 5% of audited profits. But the highest overall offer hasn’t been independently established.
What we do know is that BFC Partners ranked first in West Palm Beach’s evaluation of three competing proposals for 7 publicly owned properties along Broadway.
And this wasn’t simply about who offered the most money. The city was evaluating different visions for the corridor, from mixed-use development to income-restricted housing.
No final agreement has been signed, and the future of these properties is still being determined.
Sources: West Palm Beach CRA, South Florida Business Journal.
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