{"id":1004777710,"date":"2025-11-12T02:28:52","date_gmt":"2025-11-12T10:28:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004777710"},"modified":"2025-11-12T05:29:37","modified_gmt":"2025-11-12T13:29:37","slug":"gatsby-florida-to-develop-metro-miami-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gatsby-florida-to-develop-metro-miami-office-tower\/","title":{"rendered":"Gatsby Florida to Develop Metro Miami Office Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004777727\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-modern-in-palm-beach-gardens-fla-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg\" data-orig-size=\"2680,2010\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1688759085&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Modern in Palm Beach Gardens, Fla.\" data-image-description=\"&lt;p&gt;Rendering courtesy of Gatsby Florida, attached to the press release.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Modern is an upscale office development in metro Miami.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg\" alt=\"Rendering of The Modern at Palm Beach Gardens, a 220,000-square-foot office development in Palm Beach Gardens, Fla.\" class=\"wp-image-1004777727\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg 2680w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg?resize=2048,1536 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The Modern at Palm Beach Gardens will rise eight stories with average floorplates of 25,000 square feet. <br><em>Rendering courtesy of Gatsby Florida<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Gatsby Florida has completed the development plans for The Modern at Palm Beach Gardens, a 220,000-square-foot luxury office tower in Palm Beach Gardens, Fla. Construction is scheduled to begin in January 2026, while delivery is slated for late 2027.<\/p>\n\n\n\n<p>A Gatsby affiliate purchased the 7-acre development site in 2022, <a href=\"https:\/\/therealdeal.com\/miami\/2025\/11\/11\/gatsby-unveils-plan-for-palm-beach-gardens-mixed-use-tower\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>The Real Deal<\/em> reported<\/a>. Catalfumo Cos. sold it for $17.5 million.<\/p>\n\n\n\n<p>The office building will rise within PGA Station, a 37.6-acre mixed-use, master-planned community that also includes retail, hospitality and residential spaces.<\/p>\n\n\n\n<p>Greater Miami had some 1.6 million square feet of office space under construction at the end of September, representing 2.2 percent of stock, the <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-demand-shifts-as-coworking-gains-momentum\/\">latest Yardi Matrix office report<\/a> shows. The metro ranked second in the U.S. after Austin, Texas (2.5 percent of stock).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-palm-beach-gardens-luxury-office-project\">Palm Beach Gardens&#8217; luxury office project<\/h2>\n\n\n\n<p>The Class AA development will rise eight stories with average floorplates of 25,000 square feet. Amenities are to feature 14,000 square feet of restaurant space, a rooftop patio, a fitness center, EV charging stations, in line with the current <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">office building trends<\/a>. The property will also include a six-level parking garage with 838 spaces and 7,000 square feet of general retail. <\/p>\n\n\n\n<p>The building&#8217;s tenant roster is expected to feature financial, legal and Fortune 500 companies. Gatsby Florida Vice President Isaac Shalom said, in prepared remarks, the development is already 25 percent preleased. Darryl Kaplan of Darryl R. Kaplan Co. is handling leasing at the property.<\/p>\n\n\n\n<p>The site is at 11200 RCA Center Drive, 14 miles north of downtown West Palm Beach, just off Florida State Route 811. The location is 1 mile from DiVosta Towers, a two-building luxury office campus also developed by Gatsby and currently fully leased. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delivery is slated for late 2027.<\/p>\n","protected":false},"author":3619,"featured_media":1004777727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1492,21742,21747,32781],"tags":[52697],"class_list":["post-1004777710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-miami","category-latest","category-office","category-southeast","tag-gatsby-florida"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gatsby Florida to Develop Metro Miami Office Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Gatsby Florida has planned to develop The Modern at Palm Beach Gardens, a 220,000-square-foot luxury office tower in Palm Beach Gardens, Fla.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/gatsby-florida-to-develop-metro-miami-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gatsby Florida to Develop Metro Miami Office Tower\" \/>\n<meta property=\"og:description\" content=\"Gatsby Florida has planned to develop The Modern at Palm Beach Gardens, a 220,000-square-foot luxury office tower in Palm Beach Gardens, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gatsby-florida-to-develop-metro-miami-office-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-12T10:28:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-12T13:29:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/The-Modern-in-Palm-Beach-Gardens-Fla-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2680\" \/>\n\t<meta property=\"og:image:height\" content=\"2010\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gatsby-florida-to-develop-metro-miami-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/gatsby-florida-to-develop-metro-miami-office-tower\/\",\"name\":\"Gatsby Florida to Develop Metro Miami Office Tower - 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