Related Cos. revives plans for West Palm office tower

West Palm Beach approved business district in 2018 that allows for the project

Miami /
Dec.December 06, 2019 02:30 PM
Stephen Ross and a rendering of One Flagler (Credit: Getty Images)

Stephen Ross and a rendering of One Flagler (Credit: Getty Images)

The Related Companies is bringing back plans to build a 25-story office tower in downtown West Palm Beach.

Related, led by Miami Dolphins owner Stephen Ross, will go before the city’s Downtown Action Committee on Wednesday. It will seek approval for the Class A building at 134 and 142 Lakeview Avenue and 809 South Flagler Drive, according to plans filed with the city.

More hedge funds and financial firms are expected to move to downtown West Palm, Fort Lauderdale and Miami to take advantage of changes in the federal tax code. That is anticipated to generate demand for new Class A office space.

David Childs of Skidmore, Owings & Merrill, who designed One World Trade Center in New York City, is designing One Flagler. The building would have more than 200,000 square feet of office space, a lobby, restaurant and reading room on the ground floor, and public open space that would include a reflection pool. There would also be terraces on floors 8, 15 and 20.

The First Church of Christ Scientist owns the 2.47-acre site. As part of Related’s proposal, the church would remain in its historic building that was completed in 1928. The year it was completed, the structure was damaged by the Okeechobee hurricane of 1928, one of the deadliest hurricanes on record.

Related had proposed building One Flagler prior to the city approving an Okeechobee Business District in 2018. Before that, zoning in the area was limited to five stories in height.


Related Articles

arrow_forward_ios
Midtown Capital Partners nabs West Palm business park for $37M
Midtown Capital Partners nabs West Palm business park for $37M
Midtown Capital Partners nabs West Palm business park for $37M
Ofizzina office tower in Coral Gables (TSG)
Lease roundup: Consulate General of Barbados, NY investment firm moving to Ofizzina in Coral Gables
Lease roundup: Consulate General of Barbados, NY investment firm moving to Ofizzina in Coral Gables
Eastdil Secured’s D. Michael Van Konynenburg and Roy March with The Brickell Bay tower at 1001 Brickell Bay Drive (Eastdil, 1001 Brickell Bay)
Eastdil Secured to open first Florida office in Miami’s Brickell
Eastdil Secured to open first Florida office in Miami’s Brickell
RFR Holding's Aby Rosen (Getty), East End Capital's Jonathon Yormak (East End Capital) and 100 Biscayne Boulevard (iStock)
Aby Rosen’s RFR buys 100 Biscayne office tower in downtown Miami for about $90M: sources
Aby Rosen’s RFR buys 100 Biscayne office tower in downtown Miami for about $90M: sources
Atlantic Business Center, at 2201-2283 SW 2nd Street in Pompano Beach (Cushman & Wakefield)
Argentine brothers buy Pompano Beach office complex for $8M
Argentine brothers buy Pompano Beach office complex for $8M
Elliot Stone of Royal Castle Companies (FIU Foundation, LoopNet)
Royal Castle Companies buys offices at Boca’s Park at Broken Sound
Royal Castle Companies buys offices at Boca’s Park at Broken Sound
L&L Holding's David Levinson and Robert Lapidus, Carpe Real Estate Partners' Erik Rutter and David Weitz with a rendering of the project (James Corner Field Operations, L&L, Carpe)
Developers buy former Rubell site in Wynwood, plan major mixed-use project
Developers buy former Rubell site in Wynwood, plan major mixed-use project
Family of Real Housewife’s ex-husband buys South Beach retail building for $7M
Family of Real Housewife’s ex-husband buys South Beach retail building for $7M
Family of Real Housewife’s ex-husband buys South Beach retail building for $7M
arrow_forward_ios

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

Loading...