Under Construction

Saks Fifth Redevelopment

Palm Beach · Retail

The Saks Fifth Redevelopment reimagines the former Saks Fifth Avenue flagship at The Esplanade, 150 Worth Avenue, on Palm Beach's storied luxury shopping street.

Official Website
Last verified Jul 22, 2026
17 months to delivery
45%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
08.01.25
Start
Est 2027
Completion
2
Floors
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The story so far
Announced 2025 est.STATUS likely OVER-STATED: trusted sources (Apr 2025 announcement) show only plans — no groundbreaking, demolition, or permit. Recommend status construction → announced (queued for review, not auto-applied). Also flag: recorded start_date 2025-08-01 and delivery 2027 are UNVERIFIED by any trusted source — recommend clearing/confirming manually (couldn't be safely walked back via the auto-applying tools). Owner = O'Connor Capital Partners; architect = Fairfax & Sammons Architecture; leasing = Odyssey Retail.
prnewswire.com
Broke ground Aug 1, 2025
Under construction Jul 3, 2026 est.Interior renovation/alteration work underway at former Saks (permit issued Aug 1 2025); multi-step jump from announced so proposing per Palm Beach Post
yahoo.com
Expected opening 2027 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
About the project

The Saks Fifth Redevelopment reimagines the former Saks Fifth Avenue flagship at The Esplanade, 150 Worth Avenue, on Palm Beach's storied luxury shopping street. Led by New York-based O'Connor Capital Partners with classical design by Fairfax & Sammons Architecture, the roughly 50,000-square-foot, two-level building is being transformed into a premier destination blending high-end retail, boutique office space, and lifestyle offerings, with leasing and tenant curation by Odyssey Retail.

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Common questions

Frequently asked

Where is Saks Fifth Redevelopment located?

Saks Fifth Redevelopment is located in Palm Beach.

When will Saks Fifth Redevelopment be completed?

Saks Fifth Redevelopment is under construction, with completion expected in 2027 (a TMW estimate).

Who is developing Saks Fifth Redevelopment?

O'Connor Capital Partners is the developer behind Saks Fifth Redevelopment.

Who designed Saks Fifth Redevelopment?

Saks Fifth Redevelopment was designed by Fairfax & Sammons Architecture.

How big is Saks Fifth Redevelopment?

Saks Fifth Redevelopment rises 2 stories.