By Brian Bandell, Senior Reporter, South Florida Business Journal; December 3, 2020
Florida East Coast Industries sold Park-Line Palm Beaches, an apartment tower connected to the Brightline passenger rail station in West Palm Beach for $114.75 million.
WPB Rosemary LLC, an affiliate of Miami-based FECI, sold the 290 apartments and 14,000 square feet of retail space at 591 Evernia St. to REEP-MF Park-Line FL LLC, an affiliate of New York Life Real Estate Investors. The price equated to $395,670 per unit.