This web page was created programmatically, to learn the article in its unique location you'll be able to go to the hyperlink bellow: https://markets.businessinsider.com/news/stocks/newgard-group-acquires-west-palm-beach-site-for-first-luxury-automotive-lifestyle-destination-1036454624and if you wish to take away this text from our website please contact us [ad_1] WEST PALM BEACH, FL, Aug. 13, 2026 (GLOBE NEWSWIRE) -- PB Vaults Development LLC, an affiliate of Newgard Group’s industrial improvement division, has closed on the acquisition of a 2.6-acre property situated at 2500 N. Florida Mango Road in West Palm Beach, Florida. The property will turn out to be the inaugural location for a brand new luxurious automotive possession and life-style idea developed by Newgard Group. The platform’s identify, strategic collaborations, and extra U.S. areas might be formally unveiled later this 12 months.Designed for discerning car fanatics, the mission will characteristic a restricted assortment of 20 privately owned automotive studios that mix distinctive design, privateness, safety, and hospitality inside an unique membership-driven surroundings. Owners will take pleasure in thoughtfully curated areas to showcase their collections whereas changing into a part of a group constructed round a shared ardour for automotive tradition.More than a spot to deal with cars, the vacation spot has been envisioned as an immersive life-style expertise the place members can collect, work, entertain, and join. Planned facilities embody wellness and health amenities, padel courts, coworking areas, hospitality choices, and immersive driving and racing experiences.“For years I searched for a place that reflected the way passionate automobile enthusiasts truly enjoy their collections,” mentioned Harvey Hernandez, Founder and CEO of Newgard Group. “We envisioned something far beyond traditional car storage—a destination centered around ownership, design, community, and unforgettable experiences. This acquisition represents the first step in bringing that vision to life, and we look forward to sharing much more about the platform in the months ahead.”West Palm Beach was chosen because the inaugural location due to its vibrant luxurious market, distinctive accessibility, and rising group of car collectors. The mission represents step one in Newgard’s imaginative and prescient to develop a community of comparable locations in premier markets throughout the United States. The platform additionally displays Newgard’s continued growth into experiential industrial actual property, combining luxurious possession, hospitality, wellness, recreation, and group into a completely new class of destination-oriented improvement.Sales on the West Palm location are anticipated to start later this 12 months, coinciding with the formal unveiling of the platform’s identification, strategic collaborations, and future growth plans.Individuals excited about receiving advance info, together with future bulletins and gross sales alternatives, might be part of the First-to-Know VIP List by emailing info@newgard.com. For extra info on the mission, go to https://www.newgardgroup.com/portfolio/palm-beach-auto-haus.Dropbox hyperlink to picture: https://www.dropbox.com/scl/fo/seq0yxgpwctlhjmvyrs17/AEgtPm6xU18hm2ddTkmKEEQ?rlkey=bsxf9ke1rplfr0feu7qvjoyfw&st=wh0l7ml6&dl=0.Cutline: Artist’s Conceptual Rendering About Newgard GroupFounded greater than 25 years in the past, Miami, Florida-based Newgard Group is a vertically built-in actual property improvement agency specializing in residential, hospitality, industrial, and lifestyle-driven initiatives all through main U.S. markets. Recognized for creating design-forward locations that mix structure, hospitality, and innovation, the corporate has developed and managed initiatives starting from $100 million to greater than $800 million throughout Florida, Texas, and Tennessee.Its portfolio consists of landmark developments equivalent to Natiivo® Austin, Natiivo® Miami, Gale Miami Hotel & Residences, Gale Fort Lauderdale Beach, BrickellHome, Centro, One Flagler, LOFTY Brickell, and The Standard Residences, Brickell.For extra info, go to www.newgardgroup.com.Media Contact for Newgard Group:Todd Templin, BoardroomPRttemplin@boardroompr.com954 370 8999 [ad_2] This web page was created programmatically, to learn the article in its unique location you'll be able to go to the hyperlink bellow: https://markets.businessinsider.com/news/stocks/newgard-group-acquires-west-palm-beach-site-for-first-luxury-automotive-lifestyle-destination-1036454624and if you wish to take away this text from our website please contact us