Cohen Brothers Realty has secured financing for West Palm Point, a 23-story office tower under construction near the Palm Beach County Convention Center. The project is planned as a major addition to downtown West Palm Beach, with 438,000 square feet of office space, retail and tenant amenities. It is scheduled for completion in early 2029.
Key takeaways
- Cohen Brothers Realty is developing the project, with Cooper Horowitz arranging full project financing.
- Published reports cite financing of $385 million and $400 million; Connect CRE describes a $400 million project and financing package.
- The 23-story, 438,000-square-foot tower is expected to be delivered in the first quarter of 2029.
- Plans include a rooftop park, conference facilities, fitness amenities, retail and 1,200 parking spaces.
Financing supports construction
The financing provides backing for West Palm Point as construction proceeds. The reported amount varies: the South Florida Business Journal’s headline cites a $385 million loan, while Connect CRE reports a $400 million financing package and project cost. Cooper Horowitz arranged the project financing; the available reports do not identify the financing parties.
A large office project near downtown landmarks
West Palm Point will occupy an entire city block near the Palm Beach County Convention Center. The planned Class AA+ office tower is designed by Pelli Clarke & Partners, with Nichols Architects as architect of record. Its ground floor is slated to include retail, while the building will feature a 30-foot-tall lobby and a parking structure with 1,200 spaces.
Rooftop and workplace amenities
The development’s planned amenities include a one-acre landscaped rooftop park with a putting green, dog park, café and water feature. Tenants are also expected to have access to a fitness center with locker rooms and showers, a conference center and multiple dining options. CBRE agents John K. Criddle and Joseph Freitas, along with Cohen Brothers Realty’s Marc Horowitz, are handling leasing.
Delivery timeline
West Palm Point is under construction and is scheduled for delivery in the first quarter of 2029. Its combination of office space, retail, parking and shared amenities is intended to create a substantial new workplace destination close to West Palm Beach’s convention center and downtown activity.
- Cohen Brothers Realty obtains construction loan for West Palm Point office building, The Business Journals.
- Cohen Brothers Inks $400M Loan for 23-Story West Palm Beach Office Tower, Connect CRE.