A partnership between Trabold and Toronto-based Great Gulf has acquired a 2.4 acre development site on the Intracoastal Waterway in West Palm in a $24 million deal. Located at 1515 S. Flagler Drive, the partners picked up the land from Terrace Mountain Investors III, managed by Frank Trabold of West Lake Hills, Texas. Terrace Mountain bought the site out of foreclosure for $5.5 million in 2012. The developers will go before the city’s Plans and Plats Review Committee to build a 27-story building which would consist of 84 units with a total of 256,183 sqf.
