Related inches closer to building 25-story West Palm office tower

Downtown committee approved upzoning the Okeechobee Business District

Miami /
Aug.August 10, 2017 01:15 PM

UPDATED, 2 p.m., Aug. 10: The Related Companies is a step closer to building a 25-story office tower in West Palm Beach.

The Downtown Action Committee on Wednesday approved upzoning the Okeechobee Business District, which is currently zoned for five-story buildings, according to the Palm Beach Post.

The zoning district would allow Related’s arm, Related Urban Development, to build One Flagler, an office tower proposed for 134 Lakeview Avenue, close to First Church of Christ, Scientist, and the Lake Worth Lagoon on Okeechobee Boulevard and Lakeview Avenue.

Commercial brokers spoke of the area’s dire need for Class A office space, the newspaper reported. The building would have 274,000 square feet of Class A office space and more than an acre of public space along the Flagler Drive waterfront with a reflecting pool, shaded outdoor seating and fountains, according to a fact sheet.

The Downtown Action Committee unanimously agreed to rezoning in part because it would allow for job creation in West Palm Beach. In July, the city’s planning board also unanimously approved the project. Related has also promised to preserve the 89-year-old church in front of the office tower. It was designed by African American architect Julian Abele. [Palm Beach Post] – Grace Guarnieri

An earlier version of this story incorrectly identified the developer as the Miami-based Related Group’s urban development arm. The New York-based Related Companies is the developer. 


Related Articles

arrow_forward_ios
Hyperion Group CEO Rob Vecsler, Starwood Capital CEO Barry Sternlicht and a rendering of 350 South Australian Avenue (M18 PR, Wikimedia)
Starwood acquires stake in West Palm Beach development site
Starwood acquires stake in West Palm Beach development site
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
Arnaud Karsenti and one of the properties at 435 Gardenia Street (Google Maps)
13th Floor Investments pays $26M for downtown West Palm Beach assemblage
13th Floor Investments pays $26M for downtown West Palm Beach assemblage
West Palm Beach workforce housing advances with $53M construction loan
Downtown West Palm Beach workforce housing project scores $53M construction loan
Downtown West Palm Beach workforce housing project scores $53M construction loan
Jorge and Darlene Pérez with the home (Compass, Getty)
Billionaire developer Jorge Pérez sells Coconut Grove mansion for $33M, donates proceeds
Billionaire developer Jorge Pérez sells Coconut Grove mansion for $33M, donates proceeds
(Facebook via Wynwood 25 and Joe's Pizza)
Lease roundup: New York pizzeria opening at Wynwood 25, logistics provider heading to Davie & more
Lease roundup: New York pizzeria opening at Wynwood 25, logistics provider heading to Davie & more
Related Chairman Stephen Ross with St. James Residences in West Palm Beach (Getty, St. Andrews and St. James)
Related Cos. completes $65M purchase of West Palm affordable senior housing
Related Cos. completes $65M purchase of West Palm affordable senior housing
Deepak Khosa and the Lake Arjaro Apartments (LoopNet, Khosa)
Deepak Khosa buys West Palm Beach apartments for $8M
Deepak Khosa buys West Palm Beach apartments for $8M
arrow_forward_ios

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

Loading...