Two Palm Beach-based Real Estate Developers Close Multifamily Development Deal

A joint venture between Wexford Real Estate Investors (WREI) and Mill Creek Residential Trust led to the sale of Modera Prominence, a mixed-use apartment community just outside Atlanta, Georgia. The Class-A luxury apartment building was sold to an affiliate of Lone Star Funds. 

The property was completed in 2021 and is located next to the Atlanta Tech Village, Peachtree Park and Buckhead Village. It sits on 2.8 acres and has approximately 319,000 square feet of rentable area, with an average apartment size coming in just over 1,000 square feet—the ground-floor retail area totals about 21,000 square feet of space.

“Modera Prominence is the epitome of luxury in Buckhead,” Joseph Jacobs says, WREI president and Co-founder. “Working with Mill Creek was a privilege and it was our pleasure to partner with them on this project.”

During the last quarter of 2021, WRWI oversaw the completion of several multimillion-dollar real estate deals. In December, the company joined Key International to purchase the Pompano Beach Marriott Hotel for $54 million to renovate the 219-unit property. WREI also announced a joint venture with Beztak to develop an eight-story, 277-unit Bocora apartment project located in Boca Raton on a 4.1-acre site they purchased together for $12.7 million. In late September, WREI partnered with NYC-based L&L Holding Company and Miami-based 13th Floor Investments to pursue a transit-oriented mixed-use development in Downtown West Palm Beach by purchasing a prime 2.6-acre assemblage. 

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Drew Limsky

Drew Limsky



Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.