Charles Dana and George Wiegers with 170 Seagate Road (University of Charleston, Getty Photographs, Google Maps)
A Denver-primarily based non-public equity chief purchased a Palm Seashore property for $9.4 million.
Documents clearly show Charles A. Dana III and Rose Dana marketed the property at 170 Seagate Road to Seagate LLC, a Colorado corporation registered to George Wiegers. The deal was off-market place.
Wiegers is CEO of Wiegers Funds Companions, a private equity firm headquartered in Denver. In accordance to Mergr, he is a former associate of Lehman Brothers and Dean Witter. He and his wife, Betsy Wiegers, are philanthropists, and won Vail Valley Foundation’s 2019 Citizen of the Calendar year award.
Charles Dana III is the grandson of Charles A. Dana, the founder of Ohio-based mostly car components maker Dana Integrated and the Dana Basis, which is a principal benefactor of the Dana-Farber Most cancers Institute in Boston. Dana III sits on the board of the Dana Foundation, and serves as a trustee of the cancer institute. He also has held trustee positions with a range of charitable companies, including Doris Duke’s Newport Restoration Foundation, in accordance to his profile for the University of Charleston’s board of governors. He owned the Newport Shipyard for 21 years, marketing it in 2019 to Texas-dependent Safe and sound Harbor Marinas for $20 million, the Newport Every day News reported.
Dana III and his wife purchased the 2,675-sq.-foot, 3-bedroom, three-rest room residence for $3.5 million in 2017, documents display. The home sits directly across the street from the Sailfish Club, a single of 7 personal golf equipment in Palm Beach front. With its handle on Seagate Highway, the property also will come with deeded cabana access. The dwelling was built by Palm Seashore architect John Volk and crafted in 1946, according to Zillow.
Volk intended household and professional structures in Palm Seashore in the course of the early and mid-20th century. In accordance to the Preservation Basis of Palm Beach front, he led famous initiatives at the Everglades Club and the Bath and Tennis Club, two of Palm Beach’s historic personal golf equipment.
Wiegers’ latest order of the almost .3-acre home reflects the extraordinary change in Palm Beach’s household market pricing.
Attributes on cabana streets at the island’s north end have not too long ago become the best item. At the end of August, a Chicago genuine estate chief sold a property on Dolphin Street, a cabana avenue, for $14.4 million. Also previous thirty day period, just one of Goldman Sachs’ major commodities traders purchased a property on Nightingale Trail, an additional cabana road, for $16 million.
Equally residences have been new or recently made, in contrast to the mid-century development of Wiegers’ Seagate Road obtain.
Latest income across Palm Beach front County marked some of the most significant specials statewide. Among them: billionaire Larry Ellison’s June invest in of a $173 million Manalapan estate.
