The Dirt: Michael Jordan buys new estate in Jupiter, and Kyma restaurant to open in West Palm Beach
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Welcome to The Dirt! I’m real estate reporter Kimberly Miller with the latest developments in the sizzling market.
In this week's real estate news, some wealthy folks are terribly vexed because they can't park their 164-foot yacht at their dock in North Palm Beach, and some normal folk are troubled that proposed affordable housing in Jupiter really isn't that affordable.
Ahhhh, Palm Beach County. From Ruinart champagne to the champagne of beers, we've got it all.
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There's also breaking restaurant news and The Palm Beach Post covers restaurants better than Velveeta cheese on nachos. Or hollandaise on eggs benny, or flambéed orange sauce on crepes Suzette or, well, you get the picture. We write a lot about restaurants.
Senior business reporter Alexandra Clough was the first to report on a famous Greek restaurant coming to West Palm Beach, and there's also a story about why Planet Smoothie and Moe's Southwest Grill co-founder Martin Sprock may be abandoning plans for an eatery on West Palm Beach's acclaimed Antique Row.
A 164-foot yacht named Honey gets the cold shoulder in North Palm Beach
The very best part of this story is the revelation that we — little ol' Palm Beach County — have become a "mini-Monaco" for the wealthy mariners of the world who can handle a little chop in their 164-foot mega yachts. (I can't resist a "Wolf of Wall Street" clip) But once they get the yachts here here, they face a serious parking dilemma.
A North Palm Beach homeowner just wants to dock his yacht named Honey at his home. Trouble is, he has to "occupy" the home and since he's got several other homes in Palm Beach County and this one isn't his primary residence the definition of "occupy" seems to be the stumbling point.
It's a real Palm Beach dilemma. Too many homes and a mega yacht. Sigh.
Penthouse at The Bristol in West Palm Beach sells for $28 million
The ultra-luxury tower that some folks originally poo-pooed because it was in West Palm Beach instead of Palm Beach just had another record sale for a single-condominium at a recorded $27.99 million. The six-bedroom penthouse is one half of the 23rd floor of the swanky condo that sparkles like a beacon of affluence on the shores of the beleaguered Lake Worth Lagoon.
The seller was a company affiliated with a trust in the name of the late Boston developer Gerald S. Fineberg. The buyer's side is a mystery hidden in a trust that's sealed inside the lost treasure of Oak Island.
Michael Jordan buys another multi-million dollar home in the ultra-exclusive Bear's Club
Just a guess, but I'm thinking Michael Jordan can buy a home just about any-dang-where he pleases. For the first time last year, Jordan made the Forbes list of the country's 400 richest people, so to choose another property in the Bear's Club in Jupiter must say something about its exclusivity and high-end amenities.
His new 9,100-square-foot home has nothing on his custom-built estate nearby, but it did cost a recorded $16.5 million, which ain't too shabby.
New York's acclaimed Kyma Greek restaurant coming to West Palm Beach
If a renowned New York restaurant is going to open its first eatery outside of New York, where else is it going to go than Wall Street South? So, of course, Kyma, which offers traditional Greek taverna food, will be coming to downtown West Palm Beach by next year with ground-floor space AND a lively rooftop area.
I do so love a piece of baklava, but at $14-a-pop, it's a little above my budget. There's a nice happy-hour menu with lots of $10 "bites", which seems more doable for the non Wall Street Southerners .
Live lightly.
Kimberly Miller is a veteran journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate and how growth affects South Florida's environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@pbpost.com. Help support our local journalism, subscribe today.
This article originally appeared on Palm Beach Post: Kyma Greek restaurant in New York to open in downtown West Palm Beach
