Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm

Community Redevelopment Agency to vote on plan Monday

Miami /
Aug.August 07, 2020 05:45 PM
Charles Cohen and a rendering of the project (Getty, Pelli Clarke Pelli Architects)

Charles Cohen and a rendering of the project (Getty, Pelli Clarke Pelli Architects)

Billionaire developer Charles Cohen submitted new plans for a Pelli Clarke Pelli Architects-designed office tower in West Palm Beach.

The plans reveal a proposal for West Palm Point, a 338-foot-tall tower with 23 floors of office space and a 10-floor parking garage, topped with a reflecting pool and landscaped deck. The late César Pelli’s architecture firm, which designed the Petronas Towers in Kuala Lumpur, Malaysia and the World Financial Center in New York, would design the 2.4-acre project at Okeechobee Boulevard and South Dixie Highway, according to the Palm Beach Post.

City commissioners will consider Cohen’s plan on Monday at a Community Redevelopment Agency meeting. Cohen, of Cohen Brothers Realty and also a film producer, plans to lease the site from the city for about $1 million a year.

West Palm Beach’s last office tower was completed more than a decade ago, according to the Post.

Cohen has been busy in South Florida. He oversees the largest design center showroom in the region — the Design Center of the Americas in Dania Beach — and opened the high-end Le Meridien Dania Beach hotel in February. He’s planning to build 400,000 square feet of office space at 1815 Griffin Road in Dania Beach and plans to redevelop the Carefree Theater in West Palm.

Cohen, whose company holds more than 12 million square feet of commercial property nationwide, has remained bullish on the office market despite coronavirus.

Still, in July, Cohen was reportedly a month late in paying the loans behind at least four Manhattan properties, which he blamed on tenants who were late in paying their rent directly to the lenders.

Developer Jeff Greene has been building a two-tower project with an office component in West Palm Beach, though he now seeks a zoning change to build all multifamily.

[Palm Beach Post] — Wade Tyler Millward


Related Articles

arrow_forward_ios
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
Sagi Shaked and 201 North Pine Island Road (Shaked Law, Google Maps)
Former Plantation fertility clinic sells for $8M
Former Plantation fertility clinic sells for $8M
Michael Cammarata (Linkedin, Neptune Wellness Solutions, iStock)
Cannabis wellness company relocates HQ to South Florida
Cannabis wellness company relocates HQ to South Florida
Jorge Perez and Jon Paul Perez with Terminal Island (Getty, iStock)
Related gets height increase needed for Terminal Island office project in Miami Beach
Related gets height increase needed for Terminal Island office project in Miami Beach
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)
Related scores $88M construction loan for Dorsey project in Wynwood
Related scores $88M construction loan for Dorsey project in Wynwood
Elliott Management's Paul Singer, Microsoft CEO Satya Nadella and Citadel's Ken Griffin (Getty)
Microsoft, Citadel and Elliott Management among firms expanding in South Florida
Microsoft, Citadel and Elliott Management among firms expanding in South Florida
Prologis CEO Hamid Moghadam, Amerant CEO Millar Wilson and 12496 Northwest 25th Street in Sweetwater (Google Maps; Prologis; Amerant)
Prologis pays $12M for Sweetwater office building
Prologis pays $12M for Sweetwater office building
303 Banyan Boulevard, West Palm Beach (Google Maps)
Woodfield buys land, scores $47M construction loan for West Palm multifamily tower
Woodfield buys land, scores $47M construction loan for West Palm multifamily tower
arrow_forward_ios

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

Loading...