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"We're On Fire": Amidst NYC Exodus, Demand For Commercial Office Space In Palm Beach Is Off The Charts


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We re On Fire : Amidst NYC Exodus, Demand For Commercial Office Space In Palm Beach Is Off The Charts
by Tyler Durden
Wednesday, Jun 09, 2021 - 07:50 PM
With Wall Street firms tripping hand over foot to get out of New York, where taxes and crime are both on the rise, places like Palm Beach, Florida, are the beneficiaries. We have noted numerous firms, including names like Point 72 and Goldman Sachs, branching out and/or leaving New York altogether in favor of greener pastures in Florida, since the pandemic started.
Amidst the Wall Street exodus, Palm Beach office space demand is off the charges. The city has officially become a hot market for commercial real estate, according to a new report from BNN Bloomberg. As a result of the boom, Manhattan developer Related Cos. has been accelerating investments in West Palm Beach and now controls about a third of its downtown office stock, the report notes. Related is the company behind NYC developments Hu ....

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Developer has high hopes for unfinished twin towers


Developer has high hopes for unfinished twin towers
May 5, 2021 at 5:46 PM EDT - Updated May 5 at 8:51 PM
They can be seen from almost anywhere in downtown West Palm Beach, as well as to drivers along Interstate 95.
For almost a year, they were nothing more than a structural skeleton as work came to a halt.
But now construction has resumed on the project known as One West Palm.
The twin building, 30-story structures are one part residential and one part hotel and office space.
It s billionaire developer Jeff Greene s creation $250 million worth.
Jeff Greene looks out into the city as he stands on the balcony of one of his two unfinished high-rise towers in downtown West Palm Beach. ....

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