new onewestpalmwpb - loopnet · 2020. 1. 17. · opex $18.00 (est.) includes electric &...

onewestpalmwpb.com

One West Palm is a luxury mixed-use development containing

a ±200,000 square foot Class A+ office building located

in West Palm Beach, Florida. Conveniently located in

downtown West Palm Beach near the Brightline high

speed rail line, and right at the North Bridge to Palm

Beach, One West Palm is an exciting and dynamic

live/work/play development, which includes a full

service hotel and luxury apartments.

onewestpalmwpb.com2 | O N E W E S T P A L M • W E S T P A L M B E A C H

WELCOME TO THE TALLEST

OFFICE TOWER IN PALM BEACH COUNTY

C U S H M A N & W A K E F I E L D | 3

PROJECT DETAILS

4 | O N E W E S T P A L M • W E S T P A L M B E A C H

DELIVERY FOR TENANT IMPROVEMENTS Q32021Property HIGHLIGHTSOffice Building 30 Stories /200,000 SF

Available Space ±15,000 RSF Floorplates

Asking Rates $38.00 - $50.00 NNN

OPEX $18.00 (est.) Includes electric & janitorial

Parking3.00/1,000 SF + valet$100/month unreserved

Ceiling Hight 10’ clear to finished ceilings

Spec DETAILS

Office Space 207,107 SF 13’ slab-to-slab

Event Space 46,268 SF 37’ Clear Ceiling

HVAC

High level of sustainability and energy conservation. The office areas and retail space program of the building will be served off of the central building’s MEP/FP systems. Office space has a single air handler per floor with VAV distribution

Redundancy Back up power generator will be available.

30 STORIESOFFICES ON FLOORS 17 - 30

Our LOWEST FLOOR is as high as the competing buildings TOP FLOOR

5 STAR LUXURY HOTELINTEGRATED INTO THE OFFICE TOWER

WORLD CLASS ART INSTALLATIONS

200,000 SQUARE FEETIN A NEWLY BUILT, CLASS A+ BUILDING

SUPER LUXURY MIXED USE PROJECT

3 spaces /1,000 sf & 7 Levels of parking with Valet

Stunning Outdoor Amenity Space

Shopping & Entertainment in Close Proximity

10,000 SF Fitness Center

Conference Facility On-Site

SkyDeck on the Roof

Amenities

Indoor Pool and Tennis Courts

45,000 SF Best-in-Class Event Space

Amazing Food & Beverage Options on-site

Project Details


INDOOR POOL RENDERING


BALLROOM RENDERING


Office Terrace


Level 7 - Meeting & Ballrooms


Typical Floorplan

conf room

focusrm

focusrm

visitor's workroom

reception

office 1

office 9

office 11

office 14

office 15

office 16

office 17

office 22office 23office 24

office 25

conf room

copyi.t.

office 3

conf rm

office 19

office 34

office 4

office 7office 6

mtg room

office 21

office 28 office 29 office 30 office 31 COPY

office 12

office 13

clientpantry

office 2

office 5

Office 8

office 10

office 20office 26

office 27

office 32

office 33

break room

conf room

conf room

work stations6'x6'

work stations6'x6'

work stations6'x6'

work stations6'x6'

office 18

One West PalmTest Fit StudiesTypical Plan (Floors 18-21)

Option 1

12.20.19

SCALE: 1/16” = 1’-0” (at 11x17)

0 4’ 8’ 16’ 24’ N

1 0 | O N E W E S T P A L M • W E S T P A L M B E A C H

C U S H M A N & W A K E F I E L D | 1 1

West Palm Beach is home to one of three

South Florida Virgin Train stations, formerly The

Brightline. Within a couple minutes walk, Virgin

Trains currently operates in Florida between

Miami, Fort Lauderdale and West Palm Beach,

with plans to expand into Orlando and Tampa.

Access to other services such at Tri-Rail, Amtrak

and the West Palm Beach Commuter Trolley

make access to other areas of Florida and beyond

easier for the tenants at One West Palm.

Transportation


BrightlineVIRGIN TRAINS STATION

10 BUS LINES

2COMMUTER TROLLEY ROUTES

1NATIONAL & REGIONAL RAIL STATION

WEST PALM BEACHMARRIOTT

KRAVIS CENTER

HILTONWEST PALM

BEACH

RESTORATIONHARDWARE

PALM BEACH CONVENTION CENTER

MYERAMPITHEATRE

CENTENNIALPARK

CLEMATIS STREET

BRIGHTLINE STATION

WEST PALM BEACH

COURTHOUSE

TRI-RAILSTATION

RO

SEM

AR

Y A

VE

.

CLEMATIS STREET

CITY HALL

POLICE STATION

BANYAN BLVD.

DUTURA STREET

EVERNIA STREET

FERN STREETSA

PO

DIL

LA A

VE

.

QU

AD

RIL

LE B

LVD

.

DIX

IE H

WY.

OLI

VE

AV

E.

OKEECHOBEE BLVD. LAKEVIEW AVE

OKEECHOBEE BLVD.

TAM

AR

IND

AV

E.

Rosemary Square

Transportation


Architecture & DesignARQUITECTONICA is a full-service architecture, interior design and planning firm that began in Miami 36 years ago. Led by Bernardo Fort-Brescia, FAIA, and

Laurinda Spear, FAIA, ASLA, the studio has evolved into a global practice with over 500 professionals combining the creative spirit of the Principals with the

efficiency of delivery and reliability of a major architectural firm. Its affiliated firm, ArquitectonicaGEO, provides landscape architecture services.

Today Arquitectonica’s practice in the United States is directed from regional offices in Miami, New York and Los Angeles. Arquitectonica’s international practice is supported by a European regional office in

Paris; Asian regional offices in Hong Kong, Shanghai and Manila; the Middle East regional office in Dubai; and Latin American regional offices in Lima and São Paulo.


With global offices to support a far-reaching

vision, Rockwell Group is an interdisciplinary

firm that emphasizes innovation and thought

leadership in every project. Founded in

1984 by David Rockwell and led by partners

Shawn Sullivan and Greg Keffer, we create

extraordinary experiences and built

environments the world over.

Based in downtown New York with a satellite

office in Madrid, we specialize in a wide array

of work from luxury hospitality, cultural, and

healthcare projects, to educational, product,

and set design.

A combination of interactive technology,

handmade objects, custom fixtures and

furniture create environments that seamlessly

integrate technology, craftsmanship and

design.

Crafting a unique and individual narrative

concept for each project is fundamental to

Rockwell Group’s successful design approach.

From the big picture to the smallest detail,

the story informs and drives the design.


WEST PALM BEACH1 6 | O N E W E S T P A L M • W E S T P A L M B E A C H

WELCOME TO WEST PALM BEACHShopping, fine dining, Broadway-quality shows, a world-renowned art museum and a culture all it’s own.

Located along Florida’s Atlantic Ocean coast, West Palm Beach offers visitors year-round excitement within easy access to what the city has to offer.


If you want to see some of the nation’s top musical

entertainment, time your visit for SunFest – Florida’s

largest waterfront music festival.

And downtown West Palm Beach is home to four

retail and entertainment districts: Clematis Street,

CityPlace, Northwood Village, and Antique Row.

These vibrant pieces of West Palm Beach are lined

with fashionable bars, nightclubs, boutiques and

collectables.

At the Palm Beach Outlets, you’ll find high-end

retail at low cost.

Also of note in West Palm Beach are the Norton

Museum of Art, which offers sculpture and other

masterworks, the Palm Beach Zoo, and events at

the downtown Kravis Center for the Performing

Arts.

WEST PALM BEACH

Events

BARRETT-JACKSON AUTO AUCTIONthe Barrett-Jackson Auto Auction is one of the world’s finest collector car events – and an adrenaline-pumping time for all.

WEST PALM BEACH GREEN MARKETis the area’s first and premier green market located on the scenic West Palm Beach Waterfront

SPRING TRAININGMinutes from One West Palm is The Ballparking of the Palm Beaches. This brand new stadium features well-shaded seating, a wrap-around concourse, suites and party decks.


4TH ON FLAGLERSouth Florida’s largest Independence Day celebration

PALM BEACH INTERNATIONAL BOAT SHOWIf you need a boat, want a boat, or just fantasize about boats – the Palm Beach International Boat Show is the place to be. Palm Beach Waterfront

WEST PALM BEACH

Events

ARTPALMBEACHAn estimated seventy international galleries

present works of all forms of contemporary art.

SUMMER IN PARADISEFrom fireworks to live music, Summer in Paradise offers fun, free things to do in West Palm Beach

SUMMER BEER FESTIf cold beer is what you thirst for, then West Palm Beach has with the Palm Beach Summer Beer Fest.

EVENING ON ANTIQUE ROWThe Row will come to life with music and special entertainment, food and beverages, an antiques appraisal tent, shopping, and much more.


Employment Center Population Growth

Job Growth

3,500,000 SQUARE FEETof Office Space Palm Beach County’s Second Largest Office Market

2.2% JOB GROWTHYear-Over-Year with Projected Job Growth of 3.5%

Florida Governor’s office announces the West Palm Beach area added 12,500 new private-sector jobs in the past year. - August 15, 2019, News Releases, State of Florida Governors Office

10.4% INFLUXof young professionals through 2021

“Millennials are changing the landscape in their buying and eating habits.”- July 2019, Palm Beach Post

Island of Palm Beach3RD RICHEST ZIP CODE IN THE COUNTRY33480, Palm Beach - $1.254 million by average Source: Bloomberg

WEST PALM BEACH

Demographics


CITY OF WEST PALM BEACH INITIATIVESEconomic Development

Life in West Palm BeachServing as the epicenter of Palm Beach County, West Palm Beach is a vibrant, waterfront city

offering the complete package of an affluent lifestyle, growing labor force, attractive corporate

environment and healthy market fundamentals.

Already the third-largest city in the South Florida region, West Palm Beach is experiencing rapid

growth as it transforms into a true 24-hour city through an explosion of new development.

Advantages for BusinessesWest Palm Beach continues to attract top companies through a robust

approach to economic development, which includes numerous business

incentive and advantages.

Target industries include finance, marine and maritime services, and cutting-

edge medical practices.

Other ProgramsThe City of West Palm Beach strives to accommodate the ever-evolving

needs of companies and their workforce. The City offers flexibility to

work with businesses in unique ways through incentives, services, and

public private partnerships.

• Transportation Center of Palm Beach County• Street plans that include new Bike Lanes• Public area improvements for a Walkable city• Redesign of the Banyan Street Garage to become a multiple-use civic center

Florida’s Favorable Tax EnvironmentFlorida law authorizes municipalities to provide both real and

personal property tax exemptions, on a negotiated basis.

Only the city’s portion of the total tax bill is eligible for

exemption (8.4946 mills out of a total 22.4241, or 37.8%,

otherwise known as the “exempted portion”).

Estimated Real Property Tax PSF is $8.50 per year (per developer input), of which an

exemption of up to 37.8% for up to 10 years could be granted.

In the City of West Palm Beach, property tax exemptions for projects are considered

on a case-by-case basis.

Building Improvement GrantsBusiness owners or property owners for up to 50% of the cost of exterior

improvements made to the building facade in the areas visible from the

adjacent street or other streets within the eligible area, and for awnings, signs

and other similar façade improvements. No grant shall exceed $10,000.

Up to 50% of the exterior Improvement cost is available from the city

Source: downtownwpb.com


Qualified Target Industry Tax Refund (QTI)This discretionary program provides a Tax Refund on a variety of Florida State Taxes including corporate income, sales, ad valorem, intangible personal property and insurance premiums.

Pre-approved applicants who create jobs in Florida receive tax refunds of $3,000 per net new Florida full-time equivalent job created; $6,000 in a Rural Community (county). For businesses paying 150 percent of the average annual wage, add $1,000 per job

Geographic areas in Florida account for different incentives called Special Opportunity incentives.

Florida encourages growth throughout the state by offering increased incentive awards and lower wage qualification thresholds in its rural counties.

Florida offers increased incentive awards and lower wage qualification thresholds for businesses locating in many urban core/inner city areas that are experiencing conditions affecting the economic viability of the community and hampering the self-sufficiency of the residents.

The Brownfield Redevelopment Bonus Refund is available to encourage Brownfield redevelopment and job creation. Approved applicants receive tax refunds of up to $2,500 for each job created.

The refund applies to no more than 25% of the total refund approved that may be taken in any single fiscal year.

The local municipality must agree to contribute 20% of the approved tax refund for a business to be eligible for the QTI incentive.

Source: Enterprise Florida

WEST PALM BEACHBenefits


WEST PALM BEACH & CULTURE



KRAVIS CENTER

HILTONWEST PALM

BEACH

RESTORATIONHARDWARE


MYERAMPITHEATRE

CENTENNIALPARK

CLEMATIS STREET

WEST PALM BEACH

COURTHOUSE

TRI-RAILSTATION

RO

SEM

AR

Y A

VE

.

CLEMATIS STREET

CITY HALL

POLICE STATION

BANYAN BLVD.

DUTURA STREET

EVERNIA STREET

FERN STREETSA

PO

DIL

LA A

VE

.

QU

AD

RIL

LE B

LVD

.

DIX

IE H

WY.

OLI

VE

AV

E.


OKEECHOBEE BLVD.

TAM

AR

IND

AV

E.

Rosemary Square

1 2

3

4

5

6

7

8

9

10

11

12

13

14

15

CultureCulture

BRIGHTLINE STATION

CURRENTLY UNDER CONSTRUCTION

Restoration Hardware Gallery & Cafe

Society of the Four Arts

Flagler Museum

Cuillo Theater

Kravis Center for Performing Arts

Rosemary Square

Gateway Park

Palm Beach County Convention Center

Alexander W. Dreyfoos School of the Arts

Fern Street Theater

Meyer Amphitheater & Waterfront Park

Clematis Street Retail & Dining District

Mandel Public Library

Historical Society of Palm Beach

Ann Norton Sculpture Gardens

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15


FOOD & BEVERAGE


Food & Beverage

1

LOCAL AREA FOOD & BEVERAGEThe Royal Poinciana Plaza340 Royal Poinciana Way, Palm BeachCoyo Taco, Honor Bar, Palm Beach Grill, St. Ambrose, TooJays

Batch New Southern 223 Clematis Street

Anzo 330 Clematis Street

Leila Restaurant 120 S Dixie Hwy #101

Lynora’s 207 Clematis Street

Tapeo Tapas 118 S Clematis Street

Field of Greens 412 Clematis Street

Hullabaloo 517 Clematis Street

The Blind Monk 410 Evernia Street #107

Inch & Ounce Vietnamese 400 Clematis Street #103

Kapow Noodle Bar 519 Clematis Street

Dr Limon Ceviche Bar 533 Clematis Street

Subculture Coffee 509 Clematis Street

The Butcher Shop Beer Garden & Grill 209 6th Street

Mediterranean Market & Deli 327 5th Street

American Craft Aleworks 200 Clematis Street

West Palm Brewery & Wine Vault 332 Evernia Street

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17


KRAVIS CENTER

HILTONWEST PALM

BEACH

RESTORATIONHARDWARE


MYERAMPITHEATRE

CENTENNIALPARK

CLEMATIS STREET

BANYAN BLVD.

DUTURA STREET

FLAGLER MEMORIAL BRIDGE A1A

QU

AD

RIL

LE B

LVD

.

DIX

IE H

WY.

WEST PALM BEACH

COURTHOUSE

POLICE STATION

CLEMATIS STREETBRIGHTLINE STATION

1

2

OLI

VE

AV

E

3

4 DUTURA STREET

5

67

THE ROYAL POINCIANA

PLAZA

HENRY MORRISON FLAGLER MUSEUM

9EVERNIA STREET

10

1112

13

8

15

17

14

16


DEVELOPMENT & GROWTH


Active DevelopmentsCURRENTLY UNDER CONSTRUCTION

# Address # of Units

Office SF

Retail SF

Hotel Rooms Stories Status

1 One West Palm 550 N. Quadrille Blvd 326 207,107 14,060 200 30 Under

Construction

2 303 Banyan Apartments 303 Banyan Blvd 220 6,000 15 Construction

Starts Q1 2020

3 Hilton Canopy 704 S Dixie Highway 5,000 150 14 Under

Construction

4Oversea Apts & The Ben Hotel 250 N Olive Avenue

251 7,500 20,234 210 8 Under Construction

5 Rosemary Tower NEC Rosemary & Evernia 300,000 50,000 19 Under

Construction

6

Palm Beach Atlantic University Dorms NE Corner of S. Dixie & Pembroke Place

154 8 Under Construction

2

3

4

5

6

RECENTLY COMPLETED PROJECTS

# Address # of Units

Office SF

Retail SF

Hotel Rooms

1 The Alexander 333 Fern Street 275

2 The Alexander Lofts 326 Fern Street 105

3 Evernia Place 631 Evernia Street 85

4 Hilton Convention Center Hotel 600 Okeechobee Blvd. 400

5 Loftin Place 805 N. Olive Avenue 463 8,076

6 Marriott Residence Inn 455 Hibiscus Street 158

7 Restoration Hardware HQ 560 Okeechobee Blvd. 55,000 400

8 Broadstone City Center 427 Evernia Street 322 10,000

9 4th District Court of Appeals Courhouse Tamarind Ave Between Clematis & Datura Street 40,495

10 Brightline Station 501 Evernia Street

11 Park Line Apartments at Brightline Station 275 20,000

12 302 Datura Street Southwest Corner Datura & S. Olive 42,000

13 Bristol Tower 1100 S. Flagler Drive 69

1

2

3

4

5

6

7

8

9

10

11

12

13


KRAVIS CENTER

HILTONWEST PALM

BEACH

RESTORATIONHARDWARE


MYERAMPITHEATRE

CENTENNIALPARK

CLEMATIS STREET

WEST PALM BEACH

COURTHOUSE

TRI-RAILSTATION

RO

SEM

AR

Y A

VE

.

CLEMATIS STREET

CITY HALL

POLICE STATION

BANYAN BLVD.

DUTURA STREET

EVERNIA STREET

FERN STREET

SAP

OD

ILLA

AV

E.

QU

AD

RIL

LE B

LVD

.

DIX

IE H

WY.

OLI

VE

AV

E.


OKEECHOBEE BLVD.

TAM

AR

IND

AV

E.

2

3

4

5

6

1

3

4

5

6

7

8

9

1011

12

13

2

BRIGHTLINE STATION


WELCOME TO THE TALLEST

OFFICE TOWER IN PALM BEACH COUNTY

©2019 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

ANTHONY LIBRIZZIManaging Director+1 561 227 [email protected]

CUSHMAN & WAKEFIELD OF FLORIDA, LLC. 303 Banyan BoulevardSuite 301West Palm Beach, FL 33401

Cushwakesouthfl.com

For more information, Please contact:

new onewestpalmwpb - loopnet · 2020. 1. 17. · opex $18.00 (est.) includes electric &...

Documents