Mark Bellissimo Buys Coach House Condo Site for $18 Million

Sat, 06/05/2021 - 10:58
A rendering of the Coach House Wellington project next to the Global Dressage Festival show grounds

Floridian real estate developer Mark Bellissimo has purchased the Coach House condo site for 18 million euro from billionaire Neil Hirsch. Bellissimo and partners own the adjacent Global Dressage Festival show grounds as well as all other  show grounds in Wellington, Florida. 

Players Club

Hirsch has planned to build a high-end condo project on the Coach House site, which used to house the legendary party place, Players Club bar. It was demolished early last year but construction never started. 

Hirsch originally bought that plot of land in 2001 for $1.9 million. A year ago it was offered for sale between $2.5 million and $6.5 million but now it sold for $18 million, according to The Real Deal.

Bellissimo and Partners

Bellissimo’s portfolio includes the Palm Beach International Equestrian Center, which he and his partners bought in 2006 for a reported $135 million.

In 2019, he paid $29 million for 26 acres on the west side of the equestrian center. In 2016, Bellissimo and his partners paid $72 million for the 248-acre International Polo Club, where the Global Dressage Festival was supposed to move to, but that never happened. 

Bellissimo ran the 2018 World Equestrian Games at his property in Tryon, but construction never finished on time for the Games and the event partly took place on a building site. 

The purchase of the Coach House site is the first major investment Bellissimo has made again since his highly publicised divorce from wife Katherine in 2018. Two years later the 58-year old investor remarried British eventing rider Lucienne Elms (37).

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