Sunday, January 10, 2016

A solution on the horizon for one of the big real estate problems in Palm Beach County: Office space

Business reporter Alexandra Clough recently penned an article on the good and bad about real estate and the business climate here in Palm Beach County. Some of the bad news is rising housing costs and the looming November elections that will create some turmoil in the market. Another area of concern is the dearth of quality, modern office space.

On that issue Brian Bandell at the South Florida Business Journal has this latest news from West Palm Beach:
     West Palm Beach’s growth spurt has ramped up as another tower has been proposed downtown.
      The city received an application in December for Cosmopolitan West Palm Beach, a 19-story building with 201 hotel rooms, 125,191 square feet of office space and 364 parking spaces. It would be located on the 1.13-acre site at 419 to 435 Gardenia Street and 415 to 417 S. Dixie Highway.
[and. . .]
     The Cosmopolitan would total 269,825 square feet, with the developer proposing to purchase 134,785 square feet of transfer of development rights to achieve that density. The project would include a 4,883-square-foot bank space. One of the office spaces would be a separate one-story building.
If you're interested in the latest business news "Follow" Alexandra Clough and Brian Bandell on Twitter: