West Palm Beach's gateway block is officially getting its tower, as West Palm Point, the 23-story elliptical glass office tower planned for the city-owned corner where Okeechobee Boulevard meets South Dixie Highway, closed a $385 million construction loan on October 29 that covers nearly all of a roughly $400 million project and puts 438,000 square feet of Class AA+ office space on track to open in the first quarter of 2029. The corner is one West Palm Beach has wanted a prominent building on for decades, and the tower now arrives with pre-leases already signed, a 30-foot lobby at the street and a one-acre park on the roof of its garage.
Cohen Brothers Realty Corporation of Florida, led by Charles S. Cohen, is the developer, and Cooper Horowitz arranged the loan. The tower is designed by Pelli Clarke & Partners, with Nichols Architects as architect of record and Coastal Construction as the builder. Twenty-three stories of elliptical glass will take up the entire city block, and the oval plan means the tower will meet the intersection with a curve rather than a corner, so drivers coming up Okeechobee will see a sweep of glass instead of a flat wall. Retail will line the ground floor beneath the lobby, which will run 30 feet high, roughly three stories of glass at the sidewalk, and the building targets LEED Gold and Fitwel certification. The office floors above will be Class AA+ space, the top of the market.
Parking will go into a 10-story garage with about 1,200 spaces, and the park will go on top. That puts an acre of green ten stories above the street, level with the lower office floors. Tenants will get a fitness center, a conference center and multiple dining options without leaving the building, the pieces of a workday that in most office towers happen somewhere down the street. Between the rooftop park and the street-level retail, the block will carry more life than an office tower usually does.
The land belongs to the City of West Palm Beach, whose leaders have spent decades trying to put a prominent building on the block and want this one to read as an architectural landmark at the entrance to downtown, where Okeechobee Boulevard carries traffic in from I-95 and the bridge from Palm Beach. The lease will run 49 years at $1 million a year, with an option to buy after 10 years, and payments begin once the building is complete.
The tower also lands in a downtown that is already building out its office skyline. Related Ross has 10 CityPlace and 15 CityPlace rising a short walk away, both set to deliver in 2027, and ONE West Palm is close to opening.