Rose spotted the property listed on the Internet by Cullen. He called his mother, Jan Weimer, a Palm Beach law office administrator, to look at the real estate. She did, along with family friend Peter Emmerich. The three formed an informal partnership and contracted with owners Clare and J.S. Wilson of Palm Beach to buy the asset at 815 Upland Drive.
The Wilsons decline to say what they paid for the property in 1962, but area brokers familiar with similar assets estimate the sale price then at $120,000 or $10,000 per unit.
The partners plan to totally renovate the 12 one-bedroom units or convert the building into two-story townhouses, mainting the structure's historical ambience. They have commissioned architect Michael John Dosch, an authority on historic home renovations, to prepare a cost analysis.
The partners initially had planned to open a bed and breakfast facility but the historic district prohibited the developmentRose is a Florida State University graduate who manages the Frankfort, Munich and Moscow offices for Bass Hotels and Resorts, one of the world's largest hotel holding companies. Emmerich works for Steinberge, a Frankfort-based hotel company.
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