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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F3c1ca525-6a6e-428e-a0b2-275c6696c534%2F6a8c009e-99a0-46ee-a1b8-82d5b1a0542a" onerror="this.style.display='none'" alt="Green Terrace Condominium Association, Inc. Image" style="object-fit: cover; width: 200px;" />
 Multifamily 
 
 Green Terrace Condominium Association, Inc.
 
 West Palm Beach, FL 
 By Avison Young

 <a href="/user/d4f280aa-de43-48f7-9cc2-6a184f4524ef" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">John Crotty</a>
 
 Principal
 
 
 <a href="tel:(305) 447-7865" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(305) 447-7865</a>
 

 <a href="https://platform.reverecre.com/project/3c1ca525-6a6e-428e-a0b2-275c6696c534" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

Principal

Principal, Managing Director - Miami, Chairman, U.S. Capital Markets Executive Committee

Associate

President

Executive Vice President

Prime West Palm Beach Location: Green Terrace is ideally positioned within a quiet residential enclave just south of downtown West Palm Beach, surrounded by mature neighborhoods, schools, and everyday conveniences.

Strong Market Fundamentals: West Palm Beach continues to experience record-high rents, single-digit vacancies, and sustained corporate and university investment.

Multiple Strategies and Rezoning Upside: Investors have several compelling avenues to unlock value, including a complete redevelopment under existing zoning, a density enhancement through future land use, or a rehabilitation of the existing units.

Path to Association Dissolution: The minimum 64 units offered for sale during the ongoing Chapter 11 process exceed the 63-unit (75%) ownership required to proceed towards terminating the condominium association. 

Exceptional Connectivity: The central location provides seamless connectivity to major employment, retail, and leisure hubs across Palm Beach County.

Sales Team

Fisher Auction & Avison Young, as exclusive advisors to the Trustee, are pleased to present the Green Terrace Condominium Association, Inc. (the "Property”), a residential portfolio within an 84-unit, 13-building condominium community in West Palm Beach, Florida. 

This offering consists of the Property’s Clubhouse Parcel (±0.32 AC) and any related rights, as well as at least 64 of the 84 condominium units. Ownership of 63 units (75%) is required to proceed towards terminating the condominium association. This presents a unique opportunity to acquire a critical mass of units and capitalize on the offering’s multifaceted redevelopment potential.

John Crotty has completed more than $5 billion in transactions in South Florida and around the country. His disciplined approach to investment sales and distressed asset expertise have earned him a notable reputation, especially with institutional and lender clients. John's dynamic process to successful sales is a reflection of his personal philosophy, grounded in meeting and exceeding client business needs.

As a result, John has represented some of South Florida's top private and institutional clients. He specializes in working with lenders and special servicers in the sale of REO and non-performing note sales and has also represented the court in numerous Bankruptcy Court auctions. Over the past year, he has successfully represented clients such as Bank of America, BBVA Compass, LNR, KTR Capital, Cerberus, Equity One, BBX Capital, SunGard Insurance Systems and CW Capital.

The scope of John's business experience is vast and deep. When he entered the commercial real estate industry, he immediately began applying the same preparedness and discipline that underscored his career in the NBA. During his tenure as a point guard, John played for a number of top teams including the Miami Heat and the Utah Jazz. As an NBA player, he was known for the focus, regimen and preparedness he brought to every game.

For 13 years, John served as president of Crotty Inc., a business that operated highly regarded youth summer basketball camps in New Jersey and Florida. He is often featured as a keynote speaker for corporate events, organizations and camps as a valuable resource on teaming, leadership and perseverance. After completing an NBA-sponsored internship at the New York Stock Exchange, John worked with a financial advisory practice at Merrill Lynch and Morgan Stanley Smith Barney.

Licensed State of Florida Real Estate Sales Associate

Certified Commercial Investment Member (CCIM)

NAIOP Commercial Real Estate Development Association (NAIOP)

International Council of Shopping Centers (ICSC)

John graduated from the University of Virginia with a Bachelor's degree in History.

Overview

Investment Highlights

Photo Gallery

Sales Team

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