Advisors David Kendall and Rob Hamman of SVN Florida orchestrated the off-market sale of Waterway Cafe in Palm Beach Gardens for $12,500,000.
Palm Beach Gardens, Florida (June 29, 2020) – Since 1986, Waterway Cafe, known as a “South Florida Tradition”, has served Palm Beach Gardens and the surrounding areas.
The buyer intends to keep the tradition of this iconic South Florida waterfront restaurant alive. With plans for some very exciting improvements, they look forward to owning one of the “gems” of Palm Beach County. The restaurant will remain open and continue to serve an exciting menu of quality food & beverages.
Waterway Cafe was built in 1986 by an entrepreneurial businessman and real estate developer, Jefferson Vander Wolk, on the former site of Waterway Marina. Featuring Florida’s only floating boat bar, great food, friendly staff, and magnificent views of the Intracoastal Waterway, Waterway Cafe is not only a South Florida tradition but a favorite of locals and out-of-town travelers alike.
Rob Hamman’s Team sold the 8.9± acre waterfront parcel located across the Intracoastal waterway, formerly known as Panama Hattie’s.
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized and powerful brands based on the annual Lipsey Top Brand Survey and Commercial Property Executive Magazine. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing, and property management services to clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state.