Development Archives

The mystery man behind $29 million BallenIsles buy

Maryland biotech business owner takes control of prime parcels on PGA Boulevard at BallenIsles entrance.

He owns not one but two multimillion-dollar homes in north county.

He graduated from MIT at age 19.

He got his start running a life-sciences company with the help of his father, whose company later sued him.

His company was selected to participate in Operation Warp Speed to respond to the COVID pandemic. He holds numerous patents. But his name does not even appear on his own company’s website.

And now, property records show, he has paid nearly $30 million for vacant land outside one of the most prestigious addresses on PGA Boulevard in Palm Beach Gardens — BallenIsles.

Proposal paves way for warehouses at former racetrack

Palm Beach International Raceway owners seek County Commission’s blessing on Jan. 11 for updated 2.1 million-square-foot warehouse plan.

The conversion of a beloved local raceway to warehouses is back on track after the property owners eliminated a major hurdle that forced them to make an unscheduled pit stop in April.

The owners of the shuttered Palm Beach International Raceway west of Jupiter are moving forward on their own, without construction giant Portman Industrial, which pitched a 2.1 million-square-foot warehouse development before angry racing fans packed a meeting April 7 to block it.

Out of retirement and into the frying pan — developer Dan Catalfumo is back

Catalfumo proposes $200 million project in former design center south of PGA Boulevard.

View post to subscribe to site newsletter.

Palm Beach Gardens developer Dan Catalfumo is back.

When last we saw him 10 years ago, the city’s most influential builder since John D. MacArthur had been stripped of his real estate empire under a mountain of debt.

He invested in a chicken deboning business and manufactured a seatless bicycle. He was spending time away from Palm Beach Gardens at second homes in South Carolina and Costa Rica.

Palm Beach Gardens developer Dan Catalfumo. (Provided by Dan Catalfumo)

Now, he’s pitching a $200 million legacy project in Palm Beach Gardens.