Padel Courts and Tech Take Over Palm Beach County and Wynwood
Xcel Padel opens two new facilities in Palm Beach County, while tech and music companies lease space in Miami's Wynwood neighborhood.
In the world of real estate, it seems there is always a new project or development being announced. This week, we have two stories that demonstrate the growing trend of sports and technology taking over prime real estate in some of Florida's most coveted neighborhoods.
First up, Xcel Padel, an indoor padel club, is making a big move in Palm Beach County. The company will be opening two new locations, one in Westlake and the other in unincorporated Palm Beach County. The Westlake facility, located at 17035 Persimmon Boulevard, is set to open this Friday, while the headquarters and larger 60,000 square foot facility at 101 Sansburys Way will open in November.
The Westlake building is owned by an entity tied to West Palm Beach-based Horizon Industries and Bennett Tristano, while an affiliate of Palm Beach-based Vecellio Group owns the 101 Sansburys Way location. With the popularity of padel on the rise, it's no surprise that these companies are eager to secure prime real estate for their facilities.
Meanwhile, over in the trendy Wynwood neighborhood of Miami, tech and music companies are snatching up space left and right. The area, known for its vibrant street art and hip culture, has become a hot spot for tech companies looking to tap into a younger, creative workforce. According to reports, companies such as Spotify and Live Nation have recently leased space in the neighborhood, solidifying Wynwood as the place to be for those in the tech and music industries.
While these moves may seem like just another day in the world of real estate, they