WEST PALM BEACH, Fla. — Developers and the city of West Palm Beach held ceremonies Friday to commemorate both the completion and groundbreaking of some of the city's newest building projects.
Real estate firm Related Companies held a groundbreaking ceremony for their building called One Flagler, located at 170 Lakeview Ave. near the Intracoastal Waterway.
The city and firm are also commemorating the completion of a new building called 360 Rosemary located at 360 Rosemary Ave.
The 20-story 360 Rosemary building is a 297,000-square-foot office building with 10-foot clear ceilings on every floor located within the Rosemary Square dining and shopping area.
The One Flager project will preserve the adjacent First Church of Christ Scientist, which was designed by African-American architect Julian Abele in 1928.
One Flagler will be a 25-story building featuring 270,000 square feet of office space, a Greek seafood restaurant and a reading room open to the public.
Related Companies Chairman and Miami Dolphins owner Stephen Ross, along with West Palm Beach Mayor Keith James, attended Friday's groundbreaking ceremony.
"The City of West Palm Beach is experiencing unprecedented growth, investment and interest. We are gratified by the momentum that the city and our financial district are gaining among the world’s financial elite and proud that Related is using this moment to honor the renowned African American, Julian Abele, who left an enduring architectural legacy in our community," said Mayor Keith James in a written statement.
One Flagler will be home to First Republic Bank and Siris Capital, a private equity firm.
"Downtown West Palm Beach has emerged as the center of commerce in the Southeast and a national model for inclusive growth, drawing world-class firms to its unparalleled year-round lifestyle," Ross said. "We are proud to have been part of this transformation – and look forward to helping write the continued growth story of this incredible city."
The building is scheduled to be completed in 2023.
Location of One Flagler
Location of 360 Rosemary: