An atricle from the Palm Beach Post online.
Capex Properties of Palm Beach Gardens and David Hocker & Associates, an Owensboro, Ky.-based commercial developer, have bought the Delray Beach Yacht Club on the Intracoastal Waterway for $25 million. They plan to convert the 44-slip marina into "dockominiums" starting at $450,000 and to build a low-rise condominium with just 20 units on the site of the existing yacht club.
The condos, to be marketed by Candace Friis of The Corcoran Group in Delray Beach, will start at $2.5 million. The developers are talking to neighbors now "to make sure they're happy with our plans," McAlees said.""