Drew and Jessica Guff 144 Chilean Ave (Getty, Siguler Guff, Fairfax & Sammons)
The Palm Seashore Town Council accredited strategies for a new, two-story residence on a non-waterfront web page owned by private fairness main Drew Guff and his wife, tv producer Jessica Guff.
The council voted unanimously for the proposed house at 144 Chilean Avenue all through its enhancement evaluate assembly on Wednesday. Council associates referred to as the styles for the a few-bed room, 5,100-sq.-foot dwelling “exceptional” and a circumstance review for how the island’s zoning code impedes excellent layout.
Fairfax & Sammons, an architecture business based in New York and Palm Beach, intended the dwelling to consist of a courtyard with a pool, and a loggia more than the entrance, the application displays. The Guffs gained variances for exceeding most great deal protection, deficient landscaped open area and exceeding the utmost cubic material ratio.
“This is just one of the improved proposed new residences I have noticed in the town of Palm Beach in a extended time,” said councilman Ted Cooney. “A courtyard home is what we really should be making in our climate, and unfortunately our zoning code will make individuals pretty challenging to do.”
In the recent zoning code, loggias rely toward cubic material ratio, even with getting an open-air element of a home. The council is at present in a overview process for its zoning code.
Information show the Guffs acquired the house for $8.5 million in April, via a have faith in named for the address. The former dwelling on the .2-acre large amount was developed in 1955, in accordance to Redfin, and has because been torn down, in accordance to assets information.
Drew Guff is a taking care of spouse at the New York-based mostly personal equity company Siguler Guff, and Jessica Guff is a television producer with multiple Daytime Emmys to her title.
Rates for non-waterfront plenty and teardowns in Palm Seaside have skyrocketed in latest years, spurred by pandemic migration to South Florida. Luxury consumers like new design, brokers say, producing heaps and teardowns a warm commodity. Spec properties are even much more in-need.
A Boston-primarily based real estate CEO bought a non-waterfront Palm Beach front lot on the island for $10.3 million in November. In Oct, Torburn Associates CEO Michael Burns shut on a non-waterfront teardown for $12 million, and promptly relisted it for $18.5 million.
This thirty day period, a non-waterfront spec mansion sold for $32 million, immediately after the developer bought the land for $12 million past yr.
