Kolter buys Harbor Point condo on Singer Island for $15M
Posted: 4:24 p.m. Tuesday, March 24, 2015
By Kimberly Miller - Palm Beach Post Staff Writer
For half a century, the Harbor Point condominium has clung to the shore of Singer Island in Riviera Beach, one of a few aging holdouts among a canyon of newer gated high rises.
But the deteriorating beachfront building at 5000 N. Ocean Drive has courted buyers for years and finally found a suitor last week with the Kolter Group, which bought the complex for $15 million.
Chip Armstrong, a Realtor with the Keyes Company in Palm Beach Gardens, said the 37-unit condominium will be razed and replaced with a luxury development.
No one from Kolter could be reached for comment.
“This was a…