REDFEARN CAPITAL

230 Clematis Street

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Originally built in 1925, corner building’s tenants include Starbucks and Rocco’s Tacos

 

230 Clematis Street is a two-story mixed-use project. The half-acre property is in the heart of the city’s downtown.

Redfearn Capital purchased the 32,564-square-foot building for about $550 a square foot.

Originally built in 1925 as a pharmacy and an arcade, the property is fully leased, according to a press release. Starbucks, Rocco’s Tacos and modern furniture store Design Within Reach occupy the ground floor, and the second floor features loft-style office suites, the release states.

Investors are bullish for commercial assets on Clematis Street due to the retail street’s growth potential tied to a booming population in West Palm Beach, Ciadella said.

 

 

 

 

 

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