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Jeff Greene Buys 85 Acres Near Palm Beach Airport for $66.5M

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  Published in Business and Finance on Wednesday, February 11th 2026 at 4:18 GMT by Palm Beach Post
      Locales: Florida, UNITED STATES

West Palm Beach, FL - February 11, 2026 - Real estate magnate Jeff Greene continues to double down on West Palm Beach, recently closing a $66.5 million deal for 85 acres of land strategically located near Palm Beach International Airport. The purchase, brokered by CBRE, isn't an isolated incident but rather a key piece in Greene's ambitious plan to reshape the landscape of one of Florida's fastest-growing cities.

The acquired parcel, situated west of the airport, is reportedly part of a larger land assemblage Greene has been meticulously constructing over the past several years. While specific details are still under wraps, Greene's vision centers around a dynamic mixed-use development, likely incorporating a substantial commercial footprint with potential residential elements. The existing zoning allows for up to 2 million square feet of commercial space, providing a significant buffer for Greene to execute a large-scale project.

This latest acquisition solidifies Greene's position as a major driver of development in West Palm Beach. He has already left an indelible mark on the city through numerous large-scale residential and commercial projects, including luxury condominiums and upscale retail spaces. Observers note a clear pattern in Greene's investments - a focus on areas poised for significant growth and revitalization. The proximity to the airport is no accident; it taps into the increasing demand for logistics, corporate travel, and the convenience that comes with easy access to regional and international destinations.

A Regional Boom & the Airport Corridor

Greene's investment comes at a time of unprecedented growth in Palm Beach County and South Florida as a whole. Driven by an influx of high-net-worth individuals relocating from northern states, the region is experiencing a surge in demand for both residential and commercial properties. The COVID-19 pandemic accelerated this trend, with many seeking warmer climates, lower taxes, and a more relaxed lifestyle. This demographic shift has fueled a boom in construction and development, particularly in cities like West Palm Beach, which offers a blend of luxury amenities, cultural attractions, and a thriving business environment.

The area surrounding Palm Beach International Airport is becoming a particularly hot commodity. The airport itself is undergoing its own expansion plans to accommodate the growing passenger traffic, further enhancing the appeal of the surrounding land for development. Several other developers are actively pursuing projects in the airport corridor, recognizing the potential for capturing a share of the increasing demand for office space, hotels, and related services.

Beyond Commercial: The Potential for Residential

While the zoning primarily supports commercial development, the inclusion of "potentially residential components" in Greene's statement suggests a more comprehensive vision. The demand for luxury housing in West Palm Beach remains strong, and adding residential units to the project could create a more vibrant and self-contained community. This could potentially involve high-rise condominiums, townhouses, or even single-family homes, depending on the final plans. A mixed-use approach is increasingly favored by developers as it creates a more sustainable and desirable environment for both residents and businesses.

Greene's Confidence & Future Plans

In a brief statement, Greene expressed his unwavering confidence in the future of West Palm Beach. "This purchase is a substantial investment in the West Palm Beach area and reflects our confidence in the region's future," he stated. While details regarding timelines and tenant commitments remain undisclosed, industry insiders anticipate a formal announcement outlining the specifics of the development within the next six to twelve months. Sources close to Greene suggest he's already in discussions with several potential tenants, including national retailers, tech companies, and corporate headquarters seeking a presence in South Florida.

The scale of this project positions it to become a landmark development in West Palm Beach. It represents not just a financial investment for Jeff Greene, but also a significant contribution to the city's ongoing transformation into a major economic and cultural hub. The development is expected to create numerous jobs during construction and upon completion, further boosting the local economy. The next steps will be critical as Greene navigates the permitting process and finalizes his plans for this pivotal piece of West Palm Beach real estate.