Tuesday, April 14, 2015

"West Palm Beach moves to encourage downtown office construction"

This article by Tony Doris appears in The Palm Beach Post today. What's not clear in the article is if West Palm Beach is still being monitored by some folks in Palm Beach who are very concerned with what's happening in West Palm. Anyhow, it was a unanimous vote to tackle a very serious problem: the lack of Class A office space. From the article:
     The City Commission approved a measure Monday to encourage construction of office towers downtown, to address a shortage of top-flight office space and avoid companies going elsewhere.
     The measure, approved unanimously, is an amendment to the city’s zoning and development regulations that would create an incentive for construction of Class A offices and hotels in what is known as the Quadrille Garden District.
     The city has four such towers, including two at Phillips Point, as well as the Esperante building and CityPlace Tower. City officials say the buildings, with more than 1 million square feet of office space, are virtually fully occupied.
     Because of the dearth of space, the city has lost opportunities to attract corporations.