Acquisition marks developer’s first location in a new national platform for automobile enthusiasts, with additional details to be unveiled later this year
WEST PALM BEACH, FL, Aug. 13, 2026 (GLOBE NEWSWIRE) — PB Vaults Development LLC, an affiliate of Newgard Group’s commercial development division, has closed on the acquisition of a 2.6-acre property located at 2500 N. Florida Mango Road in West Palm Beach, Florida. The property will become the inaugural location for a new luxury automotive ownership and lifestyle concept developed by Newgard Group. The platform’s name, strategic collaborations, and additional U.S. locations will be formally unveiled later this year.
Designed for discerning automobile enthusiasts, the project will feature a limited collection of 20 privately owned automotive studios that combine exceptional design, privacy, security, and hospitality within an exclusive membership-driven environment. Owners will enjoy thoughtfully curated spaces to showcase their collections while becoming part of a community built around a shared passion for automotive culture.
More than a place to house automobiles, the destination has been envisioned as an immersive lifestyle experience where members can gather, work, entertain, and connect. Planned amenities include wellness and fitness facilities, padel courts, coworking spaces, hospitality offerings, and immersive driving and racing experiences.
“For years I searched for a place that reflected the way passionate automobile enthusiasts truly enjoy their collections,” said 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 selected as the inaugural location because of its vibrant luxury market, exceptional accessibility, and growing community of automobile collectors. The project represents the first step in Newgard’s vision to develop a network of similar destinations in premier markets across the United States.
The platform also reflects Newgard’s continued expansion into experiential commercial real estate, combining luxury ownership, hospitality, wellness, recreation, and community into an entirely new category of destination-oriented development.
Sales at the West Palm location are expected to commence later this year, coinciding with the formal unveiling of the platform’s identity, strategic collaborations, and future expansion plans.
Individuals interested in receiving advance information, including future announcements and sales opportunities, may join the First-to-Know VIP List by emailing info@newgard.com. For more information on the project, visit https://www.newgardgroup.com/portfolio/palm-beach-auto-haus.
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About Newgard Group
Founded more than 25 years ago, Miami, Florida-based Newgard Group is a vertically integrated real estate development firm specializing in residential, hospitality, commercial, and lifestyle-driven projects throughout major U.S. markets. Recognized for creating design-forward destinations that blend architecture, hospitality, and innovation, the company has developed and managed projects ranging from $100 million to more than $800 million across Florida, Texas, and Tennessee.
Its portfolio includes landmark developments such as Natiivo® Austin, Natiivo® Miami, Gale Miami Hotel & Residences, Gale Fort Lauderdale Beach, BrickellHouse, Centro, One Flagler, LOFTY Brickell, and The Standard Residences, Brickell.
For more information, visit www.newgardgroup.com.
Media Contact for Newgard Group:
Todd Templin, BoardroomPR
ttemplin@boardroompr.com
954 370 8999
