Property Description

A landmark property. A bold next chapter. Explore a unique redevelopment or land-bank opportunity in Palm Beach County, Florida: 52+ acres across five parcels at the former Palm Beach Jai-Alai Arena. The Mangonia Park Tri-Rail station is on the property under a lease with the owner, adding regional connectivity. Located along the 45th Street corridor with access to I-95. Calling developers, investors and institutional buyers: envision mixed-use residential, hospitality, sports and entertainment, medical, wellness or a campus destination, subject to approvals and existing lease rights. Pursue redevelopment or a long-term land-bank strategy. Chapter 11 sale subject to competitive bidding and court approval. Act now to request property information and sale requirements. PALM BEACH COUNTY FLORIDA A LANDMARK LAND BANK AND REDEVELOPMENT OPPORTUNITY The former Palm Beach Jai-Alai Arena property offers a distinctive opportunity to acquire more than fifty-two acres across five parcels in Palm Beach County, Florida. For developers, institutional purchasers, strategic investors and long-term land holders, this substantial property invites a vision that extends beyond a single building. Located along the Forty-Fifth Street corridor in the Town of Mangonia Park, with a West Palm Beach mailing address, the property combines scale, history and regional transportation connectivity. The Mangonia Park Tri-Rail station occupies part of the property under a lease with the owner, making the station relationship an important feature of the acquisition. A purchaser can evaluate a coordinated land holding, an institutional campus, a destination development or a phased redevelopment strategy. THE LAND BANK OPPORTUNITY A land-bank acquisition can provide time to investigate alternatives before committing to a particular development program. Five parcels offered together allow a buyer to study the site as one coordinated holding rather than beginning with separate acquisitions. This approach may suit an investor with a longer planning horizon, an institution anticipating future space needs or a developer seeking to advance a project in stages. Potential strategies include holding while evaluating uses, pursuing planning and approvals, identifying development partners and sequencing capital commitments around a defined business plan. Evaluate acquisition cost, carrying expenses, conditions, leases, infrastructure and demand. County growth provides context; buyers must establish the site's investment case. PALM BEACH COUNTY POPULATION AND GROWTH The United States Census Bureau estimates Palm Beach County's population at approximately one million five hundred seventy-six thousand as of July, two thousand twenty-five. That is roughly eighty-four thousand more residents than the county's population base in two thousand twenty, representing growth of approximately five point six percent. For a separate year-over-year comparison, the Florida Department of Transportation's April population estimates show the county adding approximately ten thousand three hundred residents between two thousand twenty-four and two thousand twenty-five, or about seven-tenths of one percent. The same state table reports West Palm Beach growing approximately one point two percent during that year. Mangonia Park's estimated population increased approximately eighteen point one percent between two thousand twenty and two thousand twenty-five. Sources: United States Census Bureau QuickFacts and Florida Department of Transportation population estimates. CORPORATE RELOCATIONS AND EXPANSIONS In a March announcement during two thousand twenty-six, the Business Development Board identified headquarters relocations and expansions involving finance, technology, defense, energy and other sectors. Concorde Investment Services relocated its headquarters from Michigan to Boca Raton. Blue Ops, the maritime division of Red Cat Holdings, opened a headquarters in unincorporated Palm Be

Property Features