Friday, June 3, 2016
THINGS THEY ARE A-CHANGIN’ ON ROYAL POINCIANA WAY
The owners of the 1.3 acre Testa property on Royal Palm Way in Palm Beach, the Frisbees, are looking to buy the .8-acre site at the east end of the block between Royal Poinciana Way and Sunset Avenue. They will redevelop the Testa properties and the adjacent four parcels that include Nick and Johnnie’s restaurant, Evelyn & Arthur’s clothing store, Eyes on the Island, the Palm Beach Book Store, Classic Collections boutique, a via and one apartment, owned by Vesenaz Inc. Closing for these properties is planned for Friday.
It will be interesting to watch the revitalization of this well-known area. Several of these buildings are landmarked and would need approval for any changes from the Landmarks Preservation Commission. That includes two Arte Moderne-style buildings, Evelyn and Arthur at 100 North County Road, and the Classic Collections building at 118 North County Road. Nick & Johnnie’s façade is also landmarked.
Other property owners on Royal Poinciana Way, adjacent to Testa’s, have been asked if they would be interested in selling their properties. Two have said no, but they are interested in the new developments that are coming. These owners have been approached by others, including The Breakers, owners of the old Palm Beach Daily News building at 265 Royal Poinciana Way, who at this time do not plan to sell but would consider buying.
With Town Council approval received, the redevelopment of the Testa site will include a new restaurant, shops, luxury condominiums and underground parking. This is a pretty area, exuding Palm Beach‘s glamourous luxe feeling and relaxed environment. The forthcoming condominiums will be sold quickly, in this highly desirable neighborhood.
Will keep the readership advised of developments. Stay tuned.