Breakers Owners Buy Nearby Bank Building in Palm Beach
The owners of the historic Breakers resort in Palm Beach, Fla., have expanded their real estate portfolio, snapping up a nearby retail building for...
The owners of the historic Breakers resort in Palm Beach, Fla., have expanded their real estate portfolio, snapping up a nearby retail building for $9.3 million, property records show. PNC Bank , which owned the 2,778-square-foot building, closed its branch last year. The single-story building sits on a half-acre at 245 Royal Poinciana Way , just half a mile from The Breakers, on one of the island's main retail streets. Oil magnate Henry Flagler, who's credited with pioneering modern Florida, completed the oceanfront Breakers in 1896.