Breaking Ground

The Palm

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The story so far

The Palm, Palm Beach Gardens is an eight-story, roughly 220,000-square-foot Class AA office tower at 11200 RCA Center Drive in the RCA Center district along the PGA Boulevard corridor of Palm Beach Gardens, Florida, a 8-story building targeting 2028. Financed with $118.6M from Cirrus Real Estate Partners in September 2026.

Developed by Gatsby Florida, the firm behind the DiVosta Towers, with architecture by GarciaStromberg and construction by Hedrick Brothers Construction, the spec building was previously known as PGA Tower and The Modern. It offers efficient 25,000-square-foot floor plates, a rooftop terrace, a fitness center and conference facilities above about 30,000 square feet of ground-floor retail and dining, including a fine-dining restaurant, all served by a structured parking garage with electric-vehicle charging. As the only new office building underway on the PGA corridor, The Palm targets financial, legal and corporate tenants relocating to Palm Beach County.

Expected opening 2028 est.
Broke ground Sep 2, 2026

Groundbreaking set for Sept 2, 2026 with completion scheduled for 2028; reported by Commercial Property Executive, Commercial Observer and the South Florida Business Journal alongside the $118.6M construction loan.

commercialsearch.com
Financing secured Aug 31, 2026

Gatsby Florida closed a $118.6M construction loan from Cirrus Real Estate Partners, arranged by Berkadia, for the eight-story RCA Center office project.

commercialsearch.com
Rebranded and 25% preleased Aug 2026

The spec tower, renamed from The Modern to The Palm, is about 25% preleased ahead of its September 2026 groundbreaking, with roughly 30,000 sq ft of ground-floor retail and dining.

commercialobserver.com
Tenant announced 2025

~25% pre-leased by late 2025; Hedrick Brothers named GC Mar 2026; 220,000 sf GLA stated; still pre-groundbreaking.

floridayimby.com
Announced 2025 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.
Amenities 7
  • Bar
  • Conference room
  • EV charging
  • Fitness center
  • Garage
  • Restaurant
  • Sun deck
TMW IntelligenceVerified Nov 8, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open

The outlook for The Palm

Timing and similar projects, read from every development in our database.

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Companies and contacts

Every firm on The Palm, the office nearest it, and the people who work on it.

Architect
Garcia Stromberg
West Palm Beach officePhone and email
Contractor
Common questions

Frequently asked

Where is The Palm located?

The Palm is located in Palm Beach Gardens.

When will The Palm be completed?

The Palm is breaking ground, with completion targeted in 2028 (a TMW estimate).

Who is developing The Palm?

Gatsby Florida is the developer behind The Palm.

Who designed The Palm?

The Palm was designed by Garcia Stromberg.

Who is building The Palm?

The Palm is being built by Hedrick Brothers Construction.