Aerial view of The Breakers Palm Beach in Palm Beach, FL.
Billionaire real estate developer Jeff Greene has sold the historic Palm Beach Post Office building to The Breakers Palm Beach for $28 million.
The property, at 95 N. County Road, was built in 1936 and served as Palm Beach’s main post office. Greene acquired the 13,932-square-foot building from the U.S. Postal Service in 2011 for $3.7 million and used it as the headquarters for his company, Florida Sunshine Investments.
The Breakers, a resort founded in 1903 by Henry Flagler, has strategically expanded its real estate holdings around its 140-acre property. The acquisition aligns with ongoing efforts to revitalize the Royal Poinciana Way district.
Paul Leone, the CEO of The Breakers, said the purchase marks the final phase of a seven-year initiative to enhance the island’s historic main street and surrounding neighborhood. Plans for the building are under review but include a commitment to historic preservation.
Greene has been active in the Palm Beach real estate market, including developments in West Palm Beach such as One West Palm.
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