From The Robb Report, March 21:
A Billionaire Is Taking Over a West Palm Beach Street for His Private Estate—and Neighbors Aren’t Happy
Hedge funder Paul Tudor Jones is building a waterfront compound spanning over two acres
Paul Tudor Jones is building a sprawling waterfront estate in Florida‘s West Palm Beach, and he plans to incorporate a chunk of public street into his private domain.
The billionaire hedge funder just won approval from the West Palm Beach City Commission to acquire a portion of Essex Court, a slender, dead-end lane in Southend—also known as the Soso neighborhood—for $220,000, Realtor.com reported. And why does he want this bit of blacktop? So he can create a private, gated compound connecting two luxury homes he’s currently building along the Intracoastal Waterway.
The legendary investor, worth more than $8 billion, already owns three contiguous properties he will combine into a single compound. Tax records show he picked up two side-by-side waterfront parcels for nearly $10 million in 2021—one of the lots had a modest house on it, and together they span almost 2.3 acres, and last year he shelled out another $6.4 million for a neighboring property with an existing home sitting on a .43-acre plot. With this latest land grab, Jones now controls roughly 2.7 acres—plenty of space to craft a secluded estate.
The section of Essex Court he’s acquiring is only about 65 feet long and does not provide access to any driveways of neighboring homes, according to the Palm Beach Daily News. His team, led by planner Brian Cheguis of iPlan & Design, made sure the plan passed muster with the city’s Plats and Review Committee, and they even got the fire department’s green light....
.... Jones owns several impressive properties across the country, including a $30 million mansion in Cambridge, Maryland, and a waterfront estate in Belle Haven, Connecticut. He isn’t the first finance titan to assemble a mega-compound in South Florida, either. Citadel’s Ken Griffin famously spent years piecing together 25 acres of prime ocean-to-lake land, while Kenneth G. Tropin and William P. Lauder have also combined properties to create sprawling estates....
....MUCH MORE
Also at The Robb Report (actually their sister pub. ArtNews):
3 Men Have Been Convicted for Stealing a $6 Million Gold Toilet
