Breaking Ground

The Palm

Palm Beach Gardens · Mixed-Use

The Modern is an eight-story, roughly 220,000-square-foot Class AA office tower rising in the RCA Center district along the PGA Boulevard corridor in Palm Beach Gardens, Florida, developed by Gatsby Florida with architecture by GarciaStromberg and construction by Hedrick Brothers Construction.

Official Website
Verified Sep 23, 2026~2.3 yrs to delivery
AnnouncedBreaking GroundConstructionOpening SoonNow Open
~2028
Completion
8
Floors

Financed with $118.6M from Cirrus Real Estate Partners in 09.01.26.

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Details

11200 RCA Center Drive, Palm Beach Gardens. 8 floors. Targeting 2028. Financed with $118.6M from Cirrus Real Estate Partners in Sep 2026.

The story so far
Announced 2025 est.
Tenant announced 2025~25% pre-leased by late 2025; Hedrick Brothers named GC Mar 2026 per Florida YIMBY/citybiz; 220,000 sf GLA stated; still pre-groundbreaking.
floridayimby.com
Financing secured Aug 31, 2026Gatsby Florida closed a $118.6M construction loan from Cirrus Real Estate Partners, arranged by Berkadia, for the eight-story RCA Center office project
oftmw.com
Broke ground Sep 2, 2026Groundbreaking 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
oftmw.com
Expected opening 2028 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.
Supply pressure 66 · ElevatedPalm Beach Gardens marketMarket
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About the project

The Modern is an eight-story, roughly 220,000-square-foot Class AA office tower rising in the RCA Center district along the PGA Boulevard corridor in Palm Beach Gardens, Florida, developed by Gatsby Florida with architecture by GarciaStromberg and construction by Hedrick Brothers Construction. Designed with efficient 25,000-square-foot floor plates, a rooftop terrace, a fitness center, conference and media facilities, and a ground-floor fine-dining venue of about 10,000 square feet, the trophy building is served by a six-level parking garage with roughly 838 spaces and electric-vehicle charging. Marketed as the only new Class AA office product under development in Palm Beach Gardens, The Modern targets relocating financial, legal, and private-equity firms drawn to Palm Beach County in the broader Wall Street South migration, offering a rare turnkey headquarters option in one of South Florida's fastest-growing business submarkets.

Developer & design
The Palm Beach Gardens market 66 · Elevated supplyRCA Center 7-project pipeline · 798 residences and keys · peak Late ’26 Explore the market →
Journal coverage
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.

How big is The Palm?

The Palm rises 8 stories.