This week I had the pleasure of sitting down with Ned Grace IV, co-founder of NDT. Ned moved to Palm Beach from the Northeast in 2013 and has seen many friends follow suit. Ned is no stranger to the hospitality business, you could even say it’s in his blood. His father Ned Grace III founded Capital Grille in 1990 in Rhode Island. Today the Capital Grille is owned by Darden restaurants, a publicly traded company. Though his father still stays quite involved in the restaurant business sitting on the board of many large restaurant groups, in addition to contributing as an advisor.
Upon his arrival, Ned saw many opportunities on the island, including the opportunity to revitalize a late night favorite -Cucina into a fresher, more mature eatery. Along with a long underutilized prime corner at Sunrise and Bradley Place, a landmarked building that most recently held the Bradley Park hotel.
After growing up in New England and summering on Nantucket, The White Elephant Hotel long held a place in Ned’s heart. As luck would have it, he found willing partners in the Karp family, Steve Fishman and the whole New England Development team to bring the White Elephant to Palm Beach. Another Nantucket favorite, Lola41 came along for the ride. Marco Coelho who has a long Palm Beach history, after working in several different restaurants over the years it was a longtime dream to have a place to call his own on the island. With so many familiar establishments gracing our tiny island, anyone who has spent real time up North is sure to see some familiar …
Just over the bridge, Ned and partners are working on a large-scale redevelopment project, which will be known as NoRa. NoRa will combine over 100k sf of existing warehouse buildings to build a contiguous commercial core, a compelling offering for Palm Beach County and the neighborhood that will be coupled with future brand new from the ground up residential and commercial development. With the goal of a thoughtfully curated live / work / play neighborhood in downtown West Palm Beach, Ned and his partners at NDT are well on their way to changing the landscape of this already beautiful piece of paradise in South Florida.