From The Real Deal
After spending years assembling more than a dozen acres of land in Palm Beach, billionaire hedge-fund honcho Ken Griffin is shutting down construction of his sprawling, planned Billionaires Row project, according to the Palm Beach Daily News.
Last week, Palm Beach officials were sent an email by the town’s head of Planning, Building and Zoning Department, Paul Castro, saying that budget projections for the house came in “substantially higher than initial estimates.”
Griffin paid more than $230 million for the oceanfront land at 1265 South Ocean Boulevard. The price does not include a lakefront parcel and a house reportedly under contract at 10 […] Read more