110 W. New York Ave.
DeLand, FL 32720
Buyer Soly Halabi wants to bring historic structure back to life
posted Jul 2, 2013 - 7:45:07pm
DeLand’s historic Hotel Putnam has a new owner.
Putnam DeLand LLC, a Florida corporation registered with the state June 13, closed on the deal June 27. The purchase price was not disclosed.
The LLC’s manager is Soly Halabi, a New York City real-estate broker.
“We still don’t know what we’re going to do with it,” Halabi said. “We know the property has a lot of potential.”
The 60,375-square-foot hotel, built in 1921, sits at 225 W. New York Ave., directly across the street from DeLand City Hall. The property is currently valued by the Volusia County Property Appraiser’s Office at $774,010.
Designed and built by Barnabas Edward Brown and his wife, Nettie, the Putnam was operated by their son Robert H. Brown until 1960. Robert’s older brother, Earl, was mayor of DeLand and a civic promoter. One of Earl Brown's World’s Fair exhibits promoting Florida was long displayed in the Hotel Putnam lobby.
Jayne Rocco, who has been managing the Putnam and the two busy nightclubs on its ground floor, will retain ownership of the two businesses and the liquor license associated with them. She sold only the land and building to Halabi’s LLC, she said.
The sale was tough for Rocco, who fought hard to keep the Putnam going for four years after taking over ownership with only $8 in the bank, she said.
After farewell parties Friday and Saturday, July 5 and 6, the nightclubs will close. Rocco plans to move the clubs to a new location.
Read the whole story about the sale in the Weekend, July 4-7 Weekend edition of The Beacon. To subscribe to The Beacon online, click here. For a list of newsstand locations, click here. To have the print edition mailed to your home twice a week, send your address via email to firstname.lastname@example.org.
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