Crews top off first of two buildings at Palm Beach Gardens office development

The 220,000-square-foot development, called DiVosta Towers, is expected to open next year

Jul.July 07, 2018 04:15 PM

DiVosta Towers is topped off in Palm Beach Gardens. (Credit: Richard Graulich / The Palm Beach Post)

Construction workers topped off an 11-story office building under construction in Palm Beach Gardens.

It is one of two 11-story office buildings called DiVosta Towers at 3825 PGA Boulevard, which will have a combined total of 220,000 square feet.

The topped-off office building is expected to open first, in early 2019, and the second building about six months later.

Crews installed decorative, pyramid-shaped framework on top of the first building, which has four floors that future tenants have pre-leased.

Rebel Cook, president of Rebel Cook Real Estate in Palm Beach Gardens, told the Palm Beach Post that DiVosta Towers will be the city’s first new office space in almost 10 years.

The developer of the two-building office complex, Otto DiVosta, bought the seven-acre construction site in 2015 for $8.5 million.

DiVosta told the Palm Beach Post that the total cost of the development will be $60 million, including $1.4 million for their pyramid-shaped crowns. The development will include an 800-space parking garage.

DiVosta is leasing the space for $30 per square foot, not including insurance and taxes. [Palm Beach Post] – Mike Seemuth

Related Articles

The health conscious grocer Earth Fare will close its stores

Earth Fare will close South Florida stores

Louis Oosthuizen and 12230 Tillinghast Circle (Credit: Getty Images and Realtor)

Pro golfer Louis Oosthuizen sells Palm Beach Gardens home

Anchor Health Properties CEO Ben Ochs and 3401 PGA Boulevard (Credit: Google Maps)

Anchor Health pays $24M for medical office building

The property at 3101 PGA Boulevard (Credit: Google Maps)

Sears sues landlord and city over blocked sublease at Palm Beach Gardens mall

Ken Endelson and a rendering of Avenir

Kenco buys 40 lots in Avenir

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Greg Silvers CEO of EPR Properties and Franklin Academy at 5651 Hood Road

Missouri investor sells Palm Beach Gardens charter school

Peter Ricker and 900 Village Square Crossing

MB Real Estate scores Palm Beach Gardens office building