Investment and management firm BBX Capital Corp. has two parcels of land under contract for $31 million in West Palm Beach. The firm said it signed contracts to sell the land to a third-party developer, though it declined to name the buyer because the contracts are “highly contingent,” meaning the deals could still fall through. The first lot, at 2121 North Flagler Drive, is a vacant 4.5-acre parcel owned by a joint-venture that BBX has stakes in. The contract is for $20 million. The second property, at 2501 North Flagler Drive, is a 2.7-acre parcel with a parking lot owned directly by BBX directly with a sales price of $11 million.
