Wednesday, April 22, 2015

Latin American investors buy downtown Delray Beach condo project

Downtown Delray Beach has attracted the attention of foreign investors as a Colombian-led group purchased a condominium development site. Jim Knight, of Delray Beach-based Knight Group, represented seller SW Delray One, managed by Joseph E. White and Maya Saxena, in the $9.03 million deal for the 1.12-acre site on the east side of Southeast First Avenue just south of Southeast First Street. The price works out to $185 per square foot for the land. It was a big premium over the $1.1 million they…

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