Financier Victor Posner Building in Palm Beach County

WEST PALM BEACH, FL-A company representing interests of Miami Beach financier Victor Posner has embarked on a new move into South Florida real estate development. The initial focus is on Palm Beach County projects.

By Harold Kelman | Updated on October 23, 2000

WEST PALM BEACH, FL-Privately-held Victor Posner Enterprises, a longtime developer in the Baltimore area, is planning to construct a 10-story, 590-unit luxury apartment complex on Executive Center Drive here.

Meanwhile, the firm is already building 21 custom homes in Palm Beach Gardens’ Arbor Chase subdivision priced at $400,000 to $600,000.

A spokesperson for Victor Posner, a controversial so-called corporate raider in the 1980s, confirms he is also looking for additional development sites in northern sections of the county where large land tracts are still available.

Elsewhere in Florida, the firm was recently reported to have bought 2,200 acres of land in the Orlando area for construction of 4,300 homes, two golf courses and ancillary commercial space.

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