{"id":1004362958,"date":"2019-10-25T02:01:20","date_gmt":"2019-10-25T10:01:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004362958"},"modified":"2020-03-20T05:17:47","modified_gmt":"2020-03-20T13:17:47","slug":"pebb-capital-buys-historic-delray-beach-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/","title":{"rendered":"Pebb Capital Buys Historic Delray Beach Property"},"content":{"rendered":"
\"Sundy<\/a>

Sundy House. Image via Google Street View<\/em><\/p><\/div>\n

Pebb Capital has purchased Sundy House, a historic property in Delray Beach, Fla., for $40 million as part of a larger transaction that includes Sundy Village, a proposed 7-acre development. Formerly known as Midtown Delray, the site is in a Qualified Opportunity Zone. <\/p>\n

MGM Delray LLC sold the asset and law firm Kapp Morrison advised the buyer in the deal. Recently, Kapp Morrison served as legal counsel in a Miami CBD office sale<\/a>.<\/p>\n

Located at 106 S. Swinton Ave., Sundy House was built in 1902 and is the oldest house in Delray Beach. The two-story property features a 12-key boutique inn, restaurant and a 1-acre tropical garden. It is listed on the National Register of Historic Places and it previously served as the city\u2019s first church, schoolhouse and bank. Various shops, restaurants and art galleries are within walking distance, while Palm Beach International Airport is roughly 18 miles north.<\/p>\n

Pebb Capital intends to continue the development of Sundy Village. According to Bisnow<\/em>, the new owner will make minimal redesign changes on the $100 million project and go with the already-approved plan. Located at the intersection of Atlantic and Swinton avenues, the mixed-use development is set to include approximately 50,000 square feet of retail and restaurant space as well as 70,000 square feet of office space.<\/p>\n","protected":false},"excerpt":{"rendered":"

The $40 million transaction includes a proposed mixed-use development dubbed Sundy Village, which is part of a Qualified Opportunity Zone.<\/p>\n","protected":false},"author":870,"featured_media":1004362976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21783,1492,21752,21742],"tags":[33931,43688,42812],"class_list":["post-1004362958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-investment","category-miami","category-mixed-use","category-latest","tag-kapp-morrison","tag-opportunity-zones","tag-pebb-capital"],"acf":[],"yoast_head":"\nPebb Capital Buys Historic Delray Beach Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pebb Capital Buys Historic Delray Beach Property\" \/>\n<meta property=\"og:description\" content=\"The $40 million transaction includes a proposed mixed-use development dubbed Sundy Village, which is part of a Qualified Opportunity Zone.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-25T10:01:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-20T13:17:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Sundy-House-e1571995250846.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1184\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/\"},\"author\":{\"name\":\"Adriana Marinescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\"},\"headline\":\"Pebb Capital Buys Historic Delray Beach Property\",\"datePublished\":\"2019-10-25T10:01:20+00:00\",\"dateModified\":\"2020-03-20T13:17:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/\"},\"wordCount\":234,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/10\\\/Sundy-House-e1571995250846.jpg\",\"keywords\":[\"Kapp Morrison\",\"Opportunity Zones\",\"Pebb Capital\"],\"articleSection\":[\"Deals\",\"Development\",\"Investment\",\"Miami\",\"Mixed Use\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/\",\"name\":\"Pebb Capital Buys Historic Delray Beach Property - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/10\\\/Sundy-House-e1571995250846.jpg\",\"datePublished\":\"2019-10-25T10:01:20+00:00\",\"dateModified\":\"2020-03-20T13:17:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/10\\\/Sundy-House-e1571995250846.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/10\\\/Sundy-House-e1571995250846.jpg\",\"width\":1184,\"height\":887,\"caption\":\"Sundy House\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pebb-capital-buys-historic-delray-beach-property\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pebb Capital Buys Historic Delray Beach Property\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\",\"name\":\"Adriana Marinescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"caption\":\"Adriana Marinescu\"},\"description\":\"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adriana-marinescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pebb Capital Buys Historic Delray Beach Property - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/","og_locale":"en_US","og_type":"article","og_title":"Pebb Capital Buys Historic Delray Beach Property","og_description":"The $40 million transaction includes a proposed mixed-use development dubbed Sundy Village, which is part of a Qualified Opportunity Zone.","og_url":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-10-25T10:01:20+00:00","article_modified_time":"2020-03-20T13:17:47+00:00","og_image":[{"width":1184,"height":887,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Sundy-House-e1571995250846.jpg","type":"image\/jpeg"}],"author":"Adriana Marinescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/"},"author":{"name":"Adriana Marinescu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1"},"headline":"Pebb Capital Buys Historic Delray Beach Property","datePublished":"2019-10-25T10:01:20+00:00","dateModified":"2020-03-20T13:17:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/"},"wordCount":234,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Sundy-House-e1571995250846.jpg","keywords":["Kapp Morrison","Opportunity Zones","Pebb Capital"],"articleSection":["Deals","Development","Investment","Miami","Mixed Use","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/","url":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/","name":"Pebb Capital Buys Historic Delray Beach Property - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Sundy-House-e1571995250846.jpg","datePublished":"2019-10-25T10:01:20+00:00","dateModified":"2020-03-20T13:17:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Sundy-House-e1571995250846.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Sundy-House-e1571995250846.jpg","width":1184,"height":887,"caption":"Sundy House"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/pebb-capital-buys-historic-delray-beach-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Pebb Capital Buys Historic Delray Beach Property"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1","name":"Adriana Marinescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","caption":"Adriana Marinescu"},"description":"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Sundy-House-e1571995250846.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004362958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/870"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004362958"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004362958\/revisions"}],"predecessor-version":[{"id":1004401763,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004362958\/revisions\/1004401763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004362976"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004362958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004362958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004362958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}