Related Cos. to Build 2 West Palm Beach Office Towers

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Related Cos. has plans to further expand its West Palm Beach, Fla., footprint with the development of two new office towers totaling nearly 1 million square feet, according to South Florida Business Journal. The developer intends to start construction on the project in 2024 and complete it in 2026.

Dubbed East Tower and West Tower, the office buildings will rise at 550 S. Rosemary Ave. as part of The Square, a 72-acre urban complex with retail, restaurant, office and residential space formerly known as CityPlace. In 2021, Related reacquired CityPlace Tower, a building that the firm originally developed in 2008 as part of the mixed-use property.

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The two office towers would replace an AMC movie theater, located at 545 Hibiscus St., and a shuttered Italian restaurant at 550 S. Rosemary Ave. However, Related’s current development plans for the project are slightly different from the ones the firm filed with the West Palm city commission in March; at the time, the developer had envisioned two high-rises of 430,000 square feet each, according to The Real Deal.

Two new office towers coming to West Palm Beach

Related tapped Arquitectonica and O’Donnell Dannwolf & Partners Architects to design the East Tower. The 24-story high-rise, that will be the tallest office building in the city, will total 500,000 square feet and include private terraces and a rooftop sky garden with various amenities.

For the West Tower, Related selected Kohn Pedersen Fox and O’Donnell Dannwolf & Partners Architects again. The 22-story, 480,000-square-foot building will have private terraces, indoor and outdoor workspaces, as well as concierge service.

The office buildings will also feature a total of 60,000 square feet of ground-floor retail and restaurant space, as well as 40,000 square feet of outdoor activity spaces. TCRE was tapped to handle preleasing at the two properties.

Developing offices in Florida and further

Beyond its latest project at 550 S. Rosemary Ave., Related recently completed 360 Rosemary, a 20-story building that’s also located in West Palm Beach. The office property has already secured a lease from a fintech company looking to relocate its headquarters to the top two floors of the tower.

Outside of Florida, Related has been working on several major projects across the U.S. In partnership with Mitsui Fudosan America and Oxford Properties Group, the developer recently completed the 58-story 50 Hudson Yards in Manhattan, a property valued at $3.8 billion.