Spaces is moving into West Palm’s 360 Rosemary

The office building is expected to be completed in early 2021

Mar.March 11, 2020 09:45 AM
360 Rosemary, Stephen Ross

360 Rosemary, Stephen Ross (Credit: Jennifer Graylock/Getty Images)

The co-working operator Spaces will be opening at West Palm’s 360 Rosemary office tower.

The company will lease 26,000 square feet at Related Companies’ Class A office project in downtown West Palm Beach. The building is expected to be completed in early 2021.

Last week, Related Companies closed on more than $140 million in financing from MSD Capital to fund the 20-story, 300,000-square-foot, Class-A office building.

Spaces offers co-working spaces in more than 385 cities around the world and more than 115 locations across the United States, according to a release. The company is owned by International Workplace Group (IWG).

The project, at 360 Rosemary Avenue, broke ground in May. Comvest Partners, an investment firm with $3.2 billion of assets under management, signed the first lease for 26,000 square feet in June.

The Class-A office building is designed by Elkus Manfredi Architects and Leo A. Daly. It will offer loft-style office space with floor-to-ceiling windows and 10,000 square feet of outdoor amenity space, including two terraces.

The development is next to Virgin Trains USA, a high-speed rail station with stops in Miami, Fort Lauderdale and West Palm Beach, and planned stops in Orlando.

Related Companies officially changed the name of CityPlace to Rosemary Square in April. The mixed-use property is currently undergoing a $550 million redevelopment. Related Companies is planning to redesign the plaza, public spaces and green areas and add outdoor dining venues, new stores and interactive art.

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