In the Press


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PALM BEACH DAILY NEWS: Notable commercial real estate sales of the Palm Beach season

May 8, 2018

Big-dollar residential sales tend to grab the most attention, but several headline-making commercial deals have taken place since the season began in October.

And a key player in three of those deals was The Frisbie Group, the real estate investment company that includes players from two Palm Beach families. Robert Frisbie and his brother, David Frisbie, are principals, as is David’s wife, real estate agent Suzanne Frisbie... 


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THE REAL DEAL: Up to five townhouses may replace oceanfront restaurant in Palm Beach

April 16, 2018

The Frisbie Group plans to develop as many as five townhouses in Palm Beach on a former restaurant site the firm just bought for $26.3 million.

Palm Beach-based Frisbie Group last week bought the 1.2-acre property with 280 linear feet along the ocean, where a Charley’s Crab restaurant closed April 2...


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PALM BEACH DAILY NEWS - EDITOR'S PICK: Frisbie Group reveals plans for Charley’s Crab site

April 10, 2018

The Frisbie Group is working on details of its plans to develop as many as five luxury townhouses on the site of the recently shuttered Charley’s Crab restaurant, which it bought for $26.3 million late last week.

And if those plans come to fruition, the project could be poised to find a receptive audience among homebuyers in Palm Beach, where the newest oceanfront condominium on Midtown Beach is nearly a decade old...


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THE REAL DEAL: Restaurant property in Palm Beach sells for about $26M

April 7, 2018

Frisbie Group says it bought the oceanfront location of the shuttered Charley’s Crab restaurant in Palm Beach for about $26 million. Charley’s Crab closed its Palm Beach location at 456 South Ocean Boulevard on Monday after operating there for 40 years.

Suzanne Frisbie, a principal of Frisbie Group, told the Palm Beach Daily News that the company may build five townhouses on the site of the restaurant and a house on an adjacent vacant lot that was part of the sale...


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SOUTH FLORIDA BUSINESS JOURNAL: Waterfront restaurant site in Palm Beach sells for $26M

April 6, 2018

A rare waterfront restaurant site in wealthy Palm Beach was sold for $26 million.

Palm Beach-based Frisbie Group acquired the 8,967-square-foot restaurant building at 456 S. Ocean Blvd. from BCD Investors, managed by Charles Leiwant in Dunnellon. It formerly had the Charley's Crab restaurant, but there’s not currently a restaurant operating there... 


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PALM BEACH DAILY NEWS: Frisbie Group says it has paid $26 million for Charley’s Crab site in Palm Beach

April 6, 2018

The Frisbie Group has paid about $26 million for the oceanfront site of the just-closed Charley’s Crab restaurant in Palm Beach, according to a statement released late Thursday by the real estate investment company...


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PALM BEACH RECORD: Town of Palm Beach officials hear concerns from businesses

March 2, 2018

This past Monday gave way to a Town Hall meeting of the minds involving Town of Palm Beach officials and other local businesses and associations, gathered in the effort to save and inspire new localized commerce.

Representatives from the Frisbie Group, Breakers Hotel, Palm Beach Chamber, Royal Poinciana Plaza, and several others were in attendance to form a proverbial think-tank, addressing matters the town is currently facing relative to the fast-changing business climate...


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PALM BEACH DAILY NEWS: Palm Beach business leaders propose changes to town officials

February 29, 2018

Strict rules and regulations for everything from signs to operating hours have given Palm Beach a reputation as a challenging place to grow a successful business.

But on Monday, town officials opened up the floor to business leaders, representing the Palm Beach Chamber, the Royal Poinciana Plaza, the Frisbie Group and others, to hear their concerns and start working toward solutions that will help merchants thrive on the island...


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PALM BEACH LIFE: Two generations of Frisbie family shaping real estate in Palm Beach

February 5, 2018

It’s nearing sunset at the home of Kim and Robert Frisbie Sr. on the inlet at the northern tip of Palm Beach. And what appears to be an entire clan of Frisbies has gathered in the family room, where folding-glass doors open onto a loggia that showcases the sailboats and yachts in the distance. Assembled are three of the couple’s four adult children, plus two of their spouses. Rounding out the group are Robert’s brother and sister-in-law, David and Suzanne Frisbie, who also have a home in Palm Beach...


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PALM BEACH DAILY NEWS: It’s been long road from Testa’s to Frisbies’ Royal Poinciana Palm Beach

February 5, 2018

More than 10 years after the Testa family first proposed redeveloping its property at the east end of Royal Poinciana Way, a different family — the Frisbies — is redeveloping the site.

The Testas are no longer involved in the project — a Mediterranean-style mixed-use shopping, dining and condominium development named Royal Poinciana Palm Beach. It is being built on property on Royal Poinciana Way that for more than 70 years housed Testa’s Restaurant...


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PALM BEACH DAILY NEWS: See latest on construction at old Testa site in Palm Beach

January 31, 2018

Construction is in full swing at the old Testa site in Palm Beach.

Workers are using a roughly 80-foot-tall auger pile to drill below the water table and pour an underground mat. That concrete platform ranges from 6½ to 8 feet thick and will form the base of the foundation for a parking basement on the 1.3-acre site at 221 Royal Poinciana Way.

The platform is about 50 percent complete, and the overall project is moving on schedule, said Cody Crowell, managing director of construction for The Frisbie Group...


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PALM BEACH CIVIC ASSOCIATION E-NEWS: This Week in Palm Beach

January 26, 2018

Palm Beach Civic Association interviews Frisbie Group's Cody Crowell on the latest construction progress on Royal Poinciana Palm Beach. 


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PALM BEACH DAILY NEWS: Editorial: Progress in Palm Beach — from parks to shopping — refreshing

January 21, 2018

Since the dedication of Town Square in 2016, projects in the town’s business districts have propelled the community to a new era. It’s a refreshing trend compared to just a few years ago, when some insisted that nothing should wrinkle the town’s status quo.

But change ebbs and flows with the New Year. On the heels of the opening of the $2.7 million renovated Bradley Park, business districts look spruced up and charities and the arts remain big draws for locals and visitors alike...


PALM BEACH DAILY NEWS: Palm Beach Chamber breakfast focuses on Main Street’s revitalization

January 16, 2018

A roundtable discussion about revitalizing commerce on the island was the highlight of the January breakfast meeting of the Palm Beach Chamber of Commerce.

Included in Tuesday’s roundtable discussion were Alexandra Patterson of Up Markets, who runs the renovated Royal Poinciana Plaza; Ned Grace of Cucina; Cody Crowell from the Frisbie Group, Roger Janssen of Dailey Janssen Architects; and former Congressman Patrick Murphy.

The group talked about the resurgence of business on the north end and plans for the future when construction is completed on Royal Poinciana Way...


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PALM BEACH DAILY NEWS: Key players poised for Royal Poinciana resurgence

January 13, 2018

Plaza, Frisbie Group and Cucina representatives featured in panel at chamber breakfast.

Royal Poinciana Way is quickly becoming one of the hottest spots on the island and major players for three of its biggest draws came together to talk about what the future would hold.

Representatives from the Royal Poinciana PlazaCucina and the Frisbie Group’s Royal Poinciana Palm Beach project at the former Testa’s site took part in a roundtable discussion at the Palm Beach Chamber of Commerce’s monthly breakfast on Tuesday at the Kravis Center...


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PALM BEACH DAILY NEWS: Another new restaurant set to open soon in Palm Beach

January 01, 2018

A restaurant serving French-inspired fare is expected to open in the former Nick & Johnnie’s space on Royal Poinciana Way in mid-January — another new destination in an area undergoing a dining revival.

The restaurant, which will be called Maven, is a collaboration between Nantucket restaurateur David Silva, chef W. Scott Osif and director of operations Kevin Anderson, according to a news release from the Frisbie Group, developer of the site.

The three are known for their work at Nantucket restaurants Gallery Beach and Afterhouse. Silva also founded restaurants Lola 41 and Lola Burger, both in Nantucket. Silva’s wife, Eliza, an interior designer, designed Maven, the release said... 

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PALM BEACH DAILY NEWS: Is Palm Beach finally ready to tackle climate change?

December 3, 2017

One of the major developers in Palm Beach told the zoning board this week it’s time to face the challenges of a warming global climate and rising seas — a politically hot topic that has led to rising tensions in the past.

The Frisbie family, which is redeveloping the historic Testa site on Royal Poinciana Way, asked the Planning and Zoning Commission and town staffers Tuesday to look at the zoning code and consider changes to better protect the town from wind and water damage...


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PALM BEACH DAILY NEWS: Editorial: Much to be grateful for this holiday season in Palm Beach

November 19, 2017

As Palm Beachers sit down to Thanksgiving dinner this year, gratitude will top the menu along with roasted turkey, cornbread stuffing and pumpkin pie... Islanders also can be thankful for the continuing rise in town property values. Big-ticket property sales include the recent $30.7 million purchase of a Worth Avenue office building by the Frisbie Group. The flip side is that hefty tax bills now top $1 million dollars for some property owners, but at least they are helping to fill the county’s coffers... 


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PALM BEACH DAILY NEWS: Letter to the editor: Frisibies discuss Palm Beach’s ‘longevity, future’

Thank you for continuing a very important conversation in the [Dec. 11, 2017] Shiny Sheet [Zoning to fight sea rise is urged]. For the benefit of those who didn’t have the opportunity to hear our presentation, Planning and Zoning invited us to speak on Nov. 28 to touch on a range of topics concerning the longevity and future well-being of our community...


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THE REAL DEAL: Frisbie Group buys 125 Worth Avenue

October 31, 2017

Crocker Partners sold a landmark building on Palm Beach’s Worth Avenue for $30.7 million to Frisbie Group.

Frisbie plans to modernize the 50,000-square-foot Class A office building at 125 Worth Avenue with interior renovations, technological upgrades and new landscaping, according to a press release. It’s 83 percent leased to the Neiman Marcus Group, BB&T Bank, Ferretti Group and UBS.

HFF’s Hermen Rodriguez, Ike Ojala, Tracey Goo and Christina Kong represented Crocker Partners, and HFF’s Maxx Carney and Christian Griffith arranged the financing and represented the buyer.

It’s the first acquisition for the firm on Worth Avenue, managing director Robert Frisbie said. Nearby retailers include Gucci, Neiman Marcus, Saks Fifth Avenue and Ferragamo...


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COMMERCIAL PROPERTY EXECUTIVE: Frisbie Group Picks Up Palm Beach Office Asset

November 2, 2017

HFF completed the $30.7 million sale of a 50,017-square-foot, Class A office building in Palm Beach, Fla. Additionally, the HFF debt placement team secured $22.8 million in acquisition financing on behalf of the borrower/buyer.

The HFF investment advisory team represented the seller, Crocker Partners, and procured the buyer, Frisbie Group. According to public records, CIBC Bank USA provided the seven-year fixed-rate mortgage to facilitate the transaction...


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PALM BEACH DAILY NEWS: EXCLUSIVE: Frisbie Group pays $30.7 million for Worth Avenue building

October 31, 2017

Fresh from breaking ground on a major mixed-use project on Royal Poinciana Way, the Frisbie Group has expanded its Palm Beach real estate portfolio with a $30.7 million purchase of an office-and-retail building at the east end of Worth Avenue, the company has announced...


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PALM BEACH DAILY NEWS: Get a glimpse of the Royal Poinciana Palm Beach project

October 20, 2017

A recently launched — and very slick — website is promoting the charms of the newly named Royal Poinciana Palm Beach, the mixed-use redevelopment project that just broke ground at the east end of Royal Poinciana Way.

The website, RoyalPoincianaPalmBeach.com, includes information about Palm Beach’s historic Main Street and an animated video that shows what the development will look like when it’s completed in 2020. Floor plans of the six luxury condominiums to occupy the second floor also are featured.


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PALM BEACH DAILY NEWS: Breakers’ plans at old Testa’s site bring ‘new optimism’

October 19, 2017

At a time when some island residents worry about big developers and chain restaurants coming in and ruining the feel of the island, The Breakers buying part of the former Testa’s site is one of the best things that could happen, Palm Beach Chamber of Commerce Executive Director Laurel Baker said.

“I think it’s great,” she said. “It adds a new optimism to the redevelopment of the original Main Street. If anyone can make a success of it, it would certainly be The Breakers.”

The resort confirmed earlier this week that it has entered an agreement with the Frisbie Group to buy the site’s restaurant and retail space where the former Testa’s restaurant was once located...


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PALM BEACH DAILY NEWS: Breakers to buy restaurant, retail space on former Testa land

The Breakers is planning to buy the ground floor of the mixed-use development being built on the former Testa property at the east end of Royal Poinciana Way, company CEO Paul Leone confirmed Monday.

The resort has entered into an agreement with the Frisbie Group to purchase the new development’s restaurant and retail space along with other ground-level amenities.

But the Frisbie Group, which is developing the two-story, six-building project, will retain ownership of the second-floor luxury condominiums to be built on the 1.3-acre site...


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THE REAL DEAL: Frisbie Group plows ahead on renovation plan for Palm Beach’s “Main Street”

May 12, 2017

The Frisbie Group in Palm Beach is moving forward with its plan to re-do a group of fading buildings and empty space on Royal Poinciana Way, frequently referred to as the town’s Main Street.

Palm Beach approved Frisbie’s development plan last year, after five years of negotiations, and the group held a town-mandated meeting Thursday with neighbors of the project — both business and residential...


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PALM BEACH DAILY NEWS: Frisbies planning another spec house on the inlet in Palm Beach

September 1, 2016

Turns out the ever-busy Frisbie real estate family was, indeed, behind that $9 million purchase this summer of a North End house facing the inlet at 1610 N. Ocean Blvd. The Frisbies are planning to develop a new house there on speculation with a still-to-be-determined price tag.

When the sale closed in June, Corcoran Group real estate agent Suzanne Frisbie, who is about as discreet as they come, wouldn’t confirm if her family has an ownership interest in the property, which has 131 feet of inlet frontage. The deed listed the buyer only as a limited liability company managed by a real estate attorney. Frisbie handled the buyer’s end of the sale...


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PALM BEACH DAILY NEWS: Just-sold Royal Poinciana Way buildings had Saudi royal link

June 12, 2016

Last week’s $10.25 million sale of four adjacent commercial parcels at the east end of Royal Poinciana Way and Sunset Avenue focused attention on one branch of the Saudi royal family and its longtime interest in quietly owning investment property in Palm Beach.

The buildings, including the one that houses Nick & Johnnie’s restaurant, were sold by a Florida corporation controlled by Saudi Prince Faisal Abdullah al Saud. He sold the properties by signing the deed recorded Thursday by the Palm Beach County Clerk’s office...


PALM BEACH DAILY NEWS: Sale official: Frisbies buy Royal Poinciana Way site for $10.3 million

June 08, 2016

It’s official: the Frisbie family of Palm Beach has bought the Vesenaz site at the east end of Royal Poinciana Way for roughly $10 million. The deed recorded today. Ian Campbell, representative and property manager for Vesenaz, said the deal closed on Monday. The 0.8-acre Vesenaz property is divided into four parcels and borders the 1.3-acre Testa property, which the Frisbies own and plan to redevelop, to the west.

The Vesenaz property includes the buildings that house Nick & Johnnie’s restaurant, Evelyn & Arthur, the Classic Collections Boutique, Eyes on the Island, and The Palm Beach Book Store. The town has landmarked two of the buildings and the facade of a third...


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PALM BEACH DAILY NEWS: Frisbie family looks to expand holdings on Royal Poinciana Way

June 2, 2016

The town’s northern gateway could see dramatic change if the owners of the historic Testa site on Royal Poinciana Way close their deal to buy the adjacent property on the east end of the iconic street’s commercial block.

The Frisbie family, which proposes to redevelop the Testa property, is poised to buy the 0.8-acre site that forms the east end of the block between Royal Poinciana Way and Sunset Avenue, sources familiar with the deal say.

The Frisbies reportedly have offered $10.35 million to Vesenaz Inc. for four parcels that include Nick and Johnnie’s restaurant, the Evelyn & Arthur clothing store, Eyes on the Island, the Palm Beach Book Store, Classic Collections boutique, a via and one apartment.... 


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PALM BEACH DAILY NEWS: Palm Beach ‘spec’ house facing inlet sells for $32 million

February 11, 2016

A new West Indies-style house facing the inlet at 225 Indian Road on the northern tip of Palm Beach has changed hands for $32 million, according to the deed recorded on the Palm Beach County Clerk’s website.

The buyer is a Florida limited liability company named 225 Indian Road Holdings LLC, listed on the deed with the address of the property. North Palm Beach attorney Curtis Shenkman is recorded as its manager in state business records. He signed a $15 million mortgage on the property with Bank of America on behalf of the company, courthouse records show...


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PALM BEACH DAILY NEWS: On the Market: $35.9M ‘spec’ home commands lakefront lot in Midtown

November 22, 2013

It’s all about distinctive architecture – and how it relates to the site, according to the Frisbie family, which, over the years, has built a number of residential properties in Palm Beach, developed on “spec” without specific buyers in mind.

Take their previous residential project, an Italianate house facing the lagoon on the west end of Worth Avenue. With its three stories and narrow façade, it resembles nothing so much as a Venetian canal home.

This time around, their just-completed, $35.9 million house facing the lake in Midtown recalls the look of a stately Island Colonial-style governor’s mansion...