Intech Investment Management’s Robert Garvy and Warner Pacific Coverage Services’ John J. Nelson with The Bristol Palm Seashore at 1100 South Flagler Push (Warner Pacific, LinkedIn, Shawn Hood Media)
A financier offered his condo in the Bristol in West Palm Beach for $21 million.
Data display Robert and Carol Garvy sold unit 1901 in the tower at 1100 South Flagler Push to John J. Nelson. Nelson and his wife, Renee Raudman Nelson, financed the obtain with a $12.5 million mortgage loan from Bank of The usa, documents show.
Samantha Curry of Douglas Elliman experienced the listing, and Steve Hall of Compass represented the customer.
Robert Garvy is the founder and former CEO of Intech Expense Administration, a West Palm Beach-primarily based asset manager that experienced $38 billion in assets below management at the conclude of 2021, according to a push release. Garvy also beforehand served as chairman of the board of trustees for the College of Central Florida.
John J. Nelson is CEO of Warner Pacific Insurance policies Services, a Westlake Village, California-based mostly firm that supports health and fitness insurance policies brokers. Information tie the Nelsons to Brookfield Farms LLC, a California entity proven in 2019.
The Garvys purchased the device for $11.9 million in 2019 when the tower was finished, records clearly show. The device spans 5,500 square toes, with four bedrooms, 4 loos, and one 50 percent-bathroom. It also has a 1,500-sq.-foot terrace.
The Bristol is a 25-tale, 69-unit tower created by Al Adelson of Flagler Traders and Gene Golub. Condos in the building range from 3,400 square toes to 14,000 square ft. When design was concluded in 2019, it built waves as the initially new condominium tower in West Palm Beach front in a ten years.
The Bristol’s amenities incorporate two spas, a splendor salon, a concierge for residents, a physical fitness center, lounge, pool, and pet dog park.
Splendor mogul Sydell Miller compensated a file $42.6 million for a total-flooring penthouse at the Bristol in 2019. Miller, who with her late spouse marketed their hair and elegance goods line Matrix Essentials to Bristol Myers Squibb in 2005, bought the whole 24th flooring.
Other customers in the tower have ranged from firms to significant-identify heirs. In December, an affiliate of Wanxiang The us Genuine Estate bought a device in the setting up for $12 million, location a price-for each-square-foot document of $3,364.
In 2021, the previous vice chairman of Atlanta-dependent 1st Data bought a rental for $16.5 million. Earlier that exact yr, an heir of the Annenberg publishing spouse and children sold his unit in the tower for $7.8 million.
