Troubled Palm Beach project granted a one-year extension

Troubled Palm Beach project granted a one-year extension

EB-5 Visa, EB5 Visa, EB-5 Investment

Palm House, a condo-hotel project that has been mired in lawsuits and financial trouble, was granted a one-year extension to find financing or sell to a new owner. 

The Palm Beach Town Council unanimously approved the extension on Wednesday, the Palm Beach Daily News reported. The court-appointed receiver, Delray Beach Mayor Cary Glickstein, said there’s significant buyer interest for the project, which has been through a number of owners. More recently, it’s been the subject of an alleged $50 million EB-5 scheme.



  • Florida

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