Top 200 Taxpayers: Why a vacant lot is worth more than The Breakers

Palm Beach Gardens has 16 of the 200 most valuable properties in Palm Beach County, with Gardens Mall ranked second, behind only the Boca Town Center Mall.

In the rarefied air of the 200 largest taxable properties in Palm Beach County sits an empty lot.

Ah, but what an empty lot.

Hedge fund manager Ken Griffin’s vacant 12 oceanfront acres on Palm Beach make up the third-most valuable property in Palm Beach County, valued for tax purposes at $223 million.

That’s a higher taxable value than The Breakers hotel, JFK Medical Center and Florida Power & Light Co.’s Juno Beach headquarters. 

The only individual properties with higher values? The Boca Raton and Palm Beach Gardens malls.

Continue reading “Top 200 Taxpayers: Why a vacant lot is worth more than The Breakers”

No more Cheesecake? Gardens council to vote Thursday

Shopcore Properties proposes tearing down Cheesecake Factory, adding hotel, apartment building at Downtown Palm Beach Gardens.

Plans to remake Downtown Palm Beach Gardens, including the demolition of The Cheesecake Factory restaurant to make way for a 280-unit apartment building, go before the city council Thursday.

Continue reading “No more Cheesecake? Gardens council to vote Thursday”