Woodfield Development has acquired all residential units and the clubhouse and pool parcel in a condominium community at 2800 Georgia Avenue in West Palm Beach, Florida, through a public auction process. The community comprises 84 units across 13 buildings, along with a 0.32-acre parcel that contains the property’s shared clubhouse and pool amenities. Woodfield Development emerged as the top bidder with a purchase price of $13.5 million.
The sale involved the disposition of every unit in the community as well as the separate common-area parcel, consolidating control of the entire site under a single buyer. Prior to the auction, the condominium development had fallen more than $1.5 million behind on its water bills, a factor that contributed to the need for a structured sales process. The transaction resolved ownership across all 84 units and the amenity parcel in one event rather than through individual unit sales.
Avison Young and Fisher Auction Company completed the sale and coordinated the marketing and bidding campaign. Avison Young principals John K. Crotty, David Duckworth, Michael T. Fay and Brian C. de la Fé, together with Fisher Auction Company’s Lamar Fisher, Francis Santos and Paul Fisher, jointly led the auction process. Their assignment covered promotion of the opportunity, bidder outreach and administration of the competitive auction that produced the $13.5 million winning bid from Woodfield Development.
The property is governed by MF-20 zoning, which currently allows development of up to 20 dwelling units per acre. In addition to existing zoning, the site benefits from a broader planning framework under West Palm Beach’s Future Land Use designation, which supports residential densities of up to 32 dwelling units per acre. The city’s Affordable and Workforce Housing Overlay can further increase allowable density to as many as 40 dwelling units per acre for projects that satisfy the municipality’s affordability criteria.
The combination of existing zoning and overlay provisions positions the 2800 Georgia Avenue site for a range of potential redevelopment or repositioning strategies, subject to city requirements and any future planning decisions. The ability to increase density beyond current MF-20 limits, particularly under the Affordable and Workforce Housing Overlay, provides flexibility for future owners that meet the affordability thresholds established by West Palm Beach.
Located just south of Downtown West Palm Beach, the community sits close to the city’s core while remaining outside the immediate downtown district. Its positioning near Downtown West Palm Beach, together with the range of density scenarios permitted under city land use and overlay policies, makes the property a candidate for future planning initiatives that align with local housing and affordability objectives as interpreted and approved by the city.
