At a glance
- The building is under construction, with delivery set for the first quarter of 2029.
- At 438,000 square feet, the $400 million project equates to roughly $910 a square foot.
- For allocators holding office credit, the roughly $910-a-foot basis on new Class AA+ space is a comparison point for underwriting new office supply in Palm Beach County on a 2029 delivery schedule.
Cooper Horowitz arranged full project financing for West Palm Point, a $400 million, 23-story office tower Cohen Brothers Realty Corp. is developing in West Palm Beach, according to Connect CRE.
The building is under construction, with delivery set for the first quarter of 2029. The financing terms were not disclosed.
At 438,000 square feet, the $400 million project equates to roughly $910 a square foot.
For allocators holding office credit, the roughly $910-a-foot basis on new Class AA+ space is a comparison point for underwriting new office supply in Palm Beach County on a 2029 delivery schedule.
The tower will include ground-floor retail, a 30-foot-tall lobby and a 1,200-space parking structure. Pelli Clarke & Partners designed it, with Nichols Architects as architect of record, on a full city block near the Palm Beach County Convention Center. Amenities include a one-acre rooftop park with a putting green, dog park, café and water feature, plus a fitness center, conference center and multiple dining options.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections