SobelCo., a South Florida developer, will build part of the residential component at the new Banyan Cay Resort & Golf Club in West Palm Beach. An affiliate of Boca Raton-based SobelCo. completed a $10 million land deal Tuesday for 94 lots at the club off Congress Avenue and north of Palm Beach Lakes Boulevard. Tirso San Jose, a SobelCo. executive, said the single-family homes will be priced from the $500,000s to the $800,000s, likely attracting “empty... [read more]

Penn-Florida Companies is working on the finishing touches of its $3.5 million sales center for the Mandarin Oriental Residences in Boca Raton as it gets closer to officially launching sales. The 8,100-square-foot sales gallery, at 10 East Boca Raton Road, was designed by SB Architects and San Francisco-based Hirsch Bedner Associates, and features a kitchen, bathroom, nine-screen video wall and a MO Bar. Potential buyers are greeted by a doorman and then by a butler, Al Piazza, senior... [read more]