A foreclosure auction will be held on May 18 at the former Palm Beach Jai Alai frontage, owned by boxing promoter Don King, with residential developers among the parties eyeing the Mangonia Park property and King’s legal team still searching for a solution.

The site at 1415 45th Street has been vacant for more than three decades. King, 93, bought the property in 1999 for $6.3 million, according to property records cited by King. The real deal. The front itself, a 282,800-square-foot structure built in 1973, closed in December 1994 after Florida’s expansion of gambling offerings and a prolonged strike by jai alai players destroyed the sport’s commercial base.

How the auction happened

Palm Beach County Circuit Court Judge Scott Kerner entered a $42.5 million judgment in favor of an entity related to Taylor Made Lending, a Pompano Beach-based lender, clearing the way for the May 18 sale. Taylor Made serves as a special entity servicing a syndicate of mortgage investors, including Miami-based Winston Capital Management.

Court documents show that King personally guaranteed three loans secured by the property. The first one, redeemed in 2023, was worth $22.3 million at an interest rate of 13.9% per annum and required monthly payments of $260,000 in interest alone. A second loan for $9 million was made in 2024 at an interest rate of 18.5% per annum, as well as a third loan for $800,000 at an interest rate of 2%. Taylor Made alleged in its complaint that in September, King stopped making monthly interest-only payments of $138,750 on a $9 million loan and failed to repay the $800,000 loan in December when it matured.

The website and its limitations

The property is zoned primarily for office, government, ambulatory, educational and manufacturing uses, with as much as 25 percent of its square footage zoned for retail uses such as pharmacies, restaurants and gyms, according to an offering memorandum prepared by listing broker Art Porosoff of Miami-based Porosoff Group.

Development plans face an infrastructural obstacle independent of exclusion. Mangonia Park City Manager Ken Metcalf said in a March 31 interview that nothing could be built on the 53-acre parcel until the city secured a recent, larger reservoir for immaculate drinking water. Developers tracking the site have introduced a mixed-use redevelopment with thousands of recent homes.

Pattern of distressed holdings

The foreclosure is part of a broader spectrum of King’s real estate problems. In July, a subsidiary of Boca Raton-based construction company Straticon paid $11 million for a warehouse King owned in Deerfield Beach that previously served as the boxing promoter’s headquarters. The warehouse was the subject of a separate foreclosure lawsuit brought by a subsidiary of Miami-based Blueprint Capital Partners over the alleged failure to repay a $5.3 million loan.

Lawyers for King and Taylor Made Lending did not respond to requests for comment from The Real Deal, which first reported the foreclosure auction date.

Previous sales attempts

Since the purchase, King has made multiple attempts to sell the Mangonia Park property. His wife, Henrietta King, bought the frontage in 1999 with plans for a sports complicated that never came to fruition. In the early 2000s, a proposed sale of the apartments to a Boca Raton developer fell through, leading to a lengthy DK Arena v. EB Acquisitions lawsuit that ultimately made its way through the Florida Supreme Court. A separate deal with West Palm Beach-based FRI Investors also fell apart ten years ago.

The property was put back on the market in April 2025 with no asking price, although sources told The Real Deal that King’s team was seeking offers in the $100 million range, or about $2 million per acre.

News: On Sunday, the IBF announced a bid for the previously ordered 135 No. 1 eliminator between Albert Bell and Andy Cruz. It will take place on May 27 at 2:00 p.m. local time during the ranking meeting at the IBF annual convention in Ho Tram, Vietnam. #box #PurseBidHedz

— Dan Rafael (@DanRafael1) May 18, 2026

The auction will take place at 2:00 p.m. local time during the IBF annual convention in Ho Tram, Vietnam.

The winner of the fight will become mandatory challenger to the IBF lightweight title, giving Andy Cruz a direct path to a championship shot less than two years into his professional career.

Cruz (6-0, 3 KO) has been undergoing an aggressive transition since leaving the amateur ranks after winning an Olympic gold medal for Cuba. The Matchroom-promoted lightweight already has wins over veterans Antonio Moran and Omar Salcido, despite having only six professional fights.

Albert Bell (28-0, 9 KO) brings much more professional experience to the eliminator and remains quietly undefeated, fighting mostly out of the spotlight. The Cleveland native has long been viewed as a tough matchup due to his defensive approach and southpaw demeanor.

Negotiations reaching the portfolio offer stage suggest that neither side was willing to bend financially enough to complete the transaction privately.

A victory for Cruz would strengthen his position in a crowded lightweight division that features names like Shakur Stevenson, Gervonta Davis and Keyshawn Davis.

The IBF tender for Cruz-Bell is scheduled for May 27 in Vietnam.

If Cruz defeats Bell, he will be back in position for another fight against IBF lightweight champion Raymond Muratalla if the titleholder stays at 135 pounds instead of moving up to 140.

Conor Benn has called for several high-profile fights during his Matchroom Boxing career, but former promoter Eddie Hearn appears to have ruled out one potential inside fight.

Since Benn’s departure from Matchroom, Hearn has been open about previous discussions about the welterweight’s career, most recently claiming that Benn turned down proposed world title fights against Rolando Romero, Lewis Crocker and Josh Kelly.

Now former IBF and WBC welterweight champion Jaron Ennis has revealed that he insisted on fighting Benn while both fighters were aligned with Hearn, but the idea was immediately rejected.

Speaking on All The Smoke Fight PodcastEnnis said:

“I told Eddie to let me fight him.

“I said I would fight Conor, him [Hearn] he turned around and said “absolutely not”. I’ll get in trouble, but he said “absolutely not.” But I tried to get him.

“Boots” Ennis – who was described by his promoter as “the next Terence Crawford” – praised Benn and suggested he continues to improve in recent performances.

“He’s good and I think he’s getting better.”

Ennis is currently preparing to fight Xander Zayas for the unified super welterweight title next monthand the American intends to become the champion of the second weight category. If Benn moves up to 154 pounds in the future, Hearn may be more interested in making this fight happen after a promotional split.

Meanwhile, the Briton plans to challenge Ryan Garcia for the WBC welterweight belt later this year.