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Report: Renovations at Paul Tudor Jones’ estate may total $6.4 million

Posted On: 05-18-2017

 

 

Hedge-fund titan Paul Tudor Jones II is making improvements that could cost as much as $6.4 million at Casa Apava, his landmarked oceanfront estate on Billionaires Row. Palm Beach building permits pulled in April show that contractor Woolems Inc. is working at 1300 S. Ocean Blvd. under the direction of architect Allan Shope.

That nugget is among the facts detailed in the “Land Use/Construction” section of the May issue of the Rabideau Law Brief. The monthly report is issued by the firm of Palm Beach real estate lawyer Guy Rabideau .

Jones’ renovations were among 25 permit applications for large-scale projects — totaling at least $100,000 each — pulled at Town Hall last month. They rank April as the biggest month of the last 12 for permit applications.

The Casa Apava project ranked third among the biggest-dollar permits over the past year. Woolems Inc., meanwhile, ranked among the top five “contractors by value of permits” for the same period. The latter was headed by Coastal Construction Co. , with a total of $11.3 million in permits.

The work at Casa Apava will include interior and exterior renovations as well as a new spa, courthouse documents show.

Since Jones paid $71 million for Casa Apava two years ago, he and his wife, Sonia, have gotten permits for other projects at the 5.3-acre estate, including work on a tennis and basketball court, records show.

The monthly report also includes detailed information about single-family and condominium sales. A bonus: It includes all transactions recorded at the Palm Beach County courthouse, whether the property was listed in the MLS or not when it sold.

Rabideau’s firm also prepares a report detailing the biggest mortgages filed in the county each month.

Download copies of the free reports at Rabideau-Law.com.

 

 

 

 

 

 

 

 

Source: Darrell Hofheinz, May 18, 2017, Palm Beach Daily News

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