Related launches new office tower in WPB

Miami /
Oct.October 22, 2012 03:00 PM

Related is set to launch a 12-story office tower in an existing building at the entrance to downtown West Palm Beach, the Palm Beach Post reported. The tower will be known as the Gateway Tower at CityPlace and is located in the median of Okeechobee Boulevard, known as the “triangle.” In the past the 8,000-square-foot building has been a sales office for CityPlace South Tower condominiums and a display center for Digital Domain — which recently filed for Chapter 11 bankruptcy

Related plans to renovate the building into a state-of-the art downtown office building , with hurricane-resistant windows and 16,000 square feet of ground-floor retail. The building plans to open in 2015 and Cushman & Wakefield are marketing the property.Asking office rental rates are $32 to $36 a square foot, with an additional $16 a square foot for operating expenses, Mark Pateman, Cushman & Wakefield director, told the Palm Beach Post [Palm Beach Post]Christopher Cameron


Related Articles

arrow_forward_ios
Related's Jorge Pérez and Jon Paul Pérez, Teddy Sagi and a rendering of the White House Inn
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
Major Food Group to open Sadelle’s in Coconut Grove
Major Food Group to open Sadelle’s in Coconut Grove
Major Food Group to open Sadelle’s in Coconut Grove
A rendering of the project with Related's Jorge Pérez and Jon Paul Pérez (Chisholm Architects)
Jorge Pérez’s Related Group buys Princeton apartment dev site for $8M
Jorge Pérez’s Related Group buys Princeton apartment dev site for $8M
The Real Deal's Hiten Samtani with Gil Dezer, Keith Menin, Jon Paul Pérez and Todd Michael Glaser
South Florida’s thriving condo market is sustainable, with financing flowing: developers panel at TRD Miami event
South Florida’s thriving condo market is sustainable, with financing flowing: developers panel at TRD Miami event
Teddy Sagi and Jorge Pérez with a rendering of the development
Billionaires Teddy Sagi and Jorge Pérez invest in major transit development in West Palm Beach
Billionaires Teddy Sagi and Jorge Pérez invest in major transit development in West Palm Beach
Trippy: Canadian psychedelic therapy clinic to open first Florida site in Wynwood
Trippy: Canadian psychedelic therapy clinic to open first Florida site in Wynwood
Trippy: Canadian psychedelic therapy clinic to open first Florida site in Wynwood
From left to right: David Edelstein, Nick Perez, Alex Karakhanian, Scott Sherman and Ben Mandell with the location (Google Maps, Related, Getty)
David Edelstein, Related and partners plan resi project on former RedSky property in Wynwood
David Edelstein, Related and partners plan resi project on former RedSky property in Wynwood
Jorge Perez and Jon Paul Perez with a rendering of Solemar (Related)
Related scores $91M construction loan for luxury condo tower in Pompano Beach
Related scores $91M construction loan for luxury condo tower in Pompano Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...