and last updated 2021-02-08 23:56:30-05
WEST PALM BEACH, Fla. â The Diocese of Southeast Florida has agreed to sell Saint Andrew s Residence, where about 150 seniors were displaced for months after an electrical malfunction last June, along with nearby Saint James Residence to Related Affordable, a subsidiary of Related Companies, a real estate company.
During a virtual meeting Monday with residents, the board president and Related Affordable announced that the two buildings in downtown West Palm Beach are under contract to be purchased by Related Affordable, and a closing is expected in approximately 6-8 months after all necessary U.S. Housing and Urban Development and other agency approvals are obtained, according to Aimee Adler Cooke, whose firm does public relations on behalf of the Diocese.