{"id":1004817260,"date":"2026-10-30T04:35:07","date_gmt":"2026-10-30T12:35:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004817260"},"modified":"2026-10-31T00:14:47","modified_gmt":"2026-10-31T08:14:47","slug":"cohen-brothers-lands-financing-for-400m-florida-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cohen-brothers-lands-financing-for-400m-florida-office-tower\/","title":{"rendered":"Cohen Brothers Lands Financing for $400M Florida Office Tower"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6ae5fed05c8c2&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004817140\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/westpalmpoint\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/WestPalmPoint.png\" data-orig-size=\"800,620\" 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;0&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;0&quot;}\" data-image-title=\"WestPalmPoint\" data-image-description=\"&lt;p&gt;rendering from press release on PR Newswire: https:\/\/www.prnewswire.com\/news-releases\/developer-charles-s-cohen-closes-full-construction-financing-for-west-palm-point&#8212;west-palm-beachs-newest-office-tower-302923755.html&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The planned 23-story West Palm Point will feature ground-floor retail and a separate parking structure topped by a one-acre landscaped park. Rendering courtesy of Cohen Brothers Realty Corporation of Florida.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/WestPalmPoint.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/WestPalmPoint.png?w=800\" alt=\"\" class=\"wp-image-1004817140\" style=\"width:375px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/WestPalmPoint.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/WestPalmPoint.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/WestPalmPoint.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The planned 23-story West Palm Point will feature ground-floor retail and a separate parking structure topped by a one-acre landscaped park. <em>Rendering courtesy of Cohen Brothers Realty Corporation of Florida<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Cohen Brothers Realty Corp. of Florida is moving forward with development of West Palm Point, a 23-story, Class AA+ office tower in downtown West Palm Beach, Fla., after securing construction financing for the $400 million project.<\/p>\n\n\n\n<p>The financing package for the long-planned project at 801 S. Dixie Highway was arranged by Robert Horowitz of Cooper Horowitz on behalf of Cohen Brothers and Charles Cohen, president\/CEO of Cohen Brothers Realty Corp. of Florida and the property owner. The package consists of a $350 million loan and a $35 million loan, according to <a href=\"https:\/\/therealdeal.com\/miami\/2026\/10\/29\/charles-cohen-nabs-385-million-west-palm-construction-loan\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reporting by <em>The Real Deal<\/em><\/a>. The lender and terms of the financing were not disclosed.<\/p>\n\n\n\n<p>Construction has started at the 2.4-acre site, also known as 850 S. Quadrille Blvd. The 438,000-square-foot tower will occupy an entire city block. Delivery is slated for early 2029. The project was due to be completed in June 2027, but city officials recently agreed to push back the completion deadline.<\/p>\n\n\n\n<p>However, the agreement calls for Cohen Brothers to pay more than $1 million a year in rent beginning Sept. 1, 2027, as well as approximately $5 million in property taxes per year starting Jan. 1, 2028, <em>The Real Deal <\/em>reported. Cohen Brothers initially proposed the project in 2020, when the developer leased the site from the West Palm Beach Community Redevelopment Agency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-will-west-palm-point-offer\"><strong>What will West Palm Point offer?<\/strong><\/h2>\n\n\n\n<p>In addition to office space, the tower will include ground-floor retail and a 30-foot-tall lobby. The project will have a 10-story standalone parking structure with approximately 1,200 parking spaces. Features include office ceiling heights of more than 10 feet and energy-efficient windows. The developer is targeting LEED Gold and Fitwel certification.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/why-some-south-florida-businesses-are-choosing-office-ownership\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/why-some-south-florida-businesses-are-choosing-office-ownership\/\">Why Some South Florida Businesses Are Choosing Office Ownership<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Building highlights will include a one-acre private landscaped rooftop park with a putting green, dog park, caf\u00e9, performance space and water fixture designed by Fluidity. Other amenities will include a fitness center with locker rooms and showers, conference center and multiple dining options. Retail will wrap around the perimeter of the office tower and garage, with creative space on the second floor of the garage structure.<\/p>\n\n\n\n<p>In July 2023, Cohen Brothers <a href=\"https:\/\/www.commercialsearch.com\/news\/cohen-brothers-taps-cbre-to-market-florida-spec-office-tower\/\">appointed CBRE as leasing agent<\/a> for the development. Executive leasing agents are Executive Vice President John Criddle and Senior Vice President Joseph Freitas of CBRE, along with Marc Horowitz, senior vice president\/national director of leasing at Cohen Brothers Realty Corp.<\/p>\n\n\n\n<p>West Palm Point is designed by Pelli Clarke &amp; Partners, with Nichols Architects serving as architect of record. Other design team members include EDSA as landscape architect, AREA Architects as interior architect, L&#8217;Observatoire International&nbsp;for lighting design, Pentagram for environmental graphics, Bliss &amp; Nyitray as structural engineer, Langan as civil and geotechnical engineer and TLC Engineering Solutions as MEP engineer. Coastal Construction is overseeing construction.<\/p>\n\n\n\n<p>West Palm Point is situated near the Palm Beach County Convention Center, the Kravis Center for the Performing Arts, the Hilton Hotel, CityPlace and the Brightline. It is also near Interstate 95, President Donald J. Trump International Airport and Palm Beach Island.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-west-palm-beach-building-boom\"><strong>West Palm Beach building boom<\/strong><\/h2>\n\n\n\n<p>Cohen Brothers isn\u2019t the only developer bringing office projects to West Palm Beach. Related Ross, led by developer Stephen Ross, is a <a href=\"https:\/\/www.commercialsearch.com\/news\/palm-beach-countys-rise-as-a-national-innovation-hub\/\">key player in the South Florida city\u2019s office transformation<\/a> in recent years. Related Ross currently owns or is developing more than 3 million square feet of office space in West Palm Beach, with plans for up to 8 million square feet. <\/p>\n\n\n\n<p>Office holdings include CityPlace Tower, an 18-story, 297,652-square-foot asset; 360 Rosemary, a 20-story, 313,000-square-foot office building with tenants including JPMorgan Chase; and <a href=\"https:\/\/www.commercialsearch.com\/news\/related-ross-jv-buys-west-palm-beach-asset-for-40m\/\">One Flagler<\/a>, a newly built, 25-story, 273,000-square-foot tower where Wells Fargo\u2019s wealth management headquarters has set up shop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 438,000-square-foot building is expected to open in early 2029.<\/p>\n","protected":false},"author":1068,"featured_media":1004817140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,1492,21742,21747,21749,32781],"tags":[32789,52093,52172],"class_list":["post-1004817260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-miami","category-latest","category-office","category-retail","category-southeast","tag-cbre","tag-cohen-brothers-corporation-of-florida","tag-pelli-clarke-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cohen Brothers Lands Financing for $400M Florida Office Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Cohen Brothers Realty Corp. of Florida is moving forward with development of West Palm Point, a 23-story, Class AA+ office tower in downtown West Palm Beach, 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\/cohen-brothers-lands-financing-for-400m-florida-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cohen Brothers Lands Financing for $400M Florida Office Tower\" \/>\n<meta property=\"og:description\" content=\"Cohen Brothers Realty Corp. of Florida is moving forward with development of West Palm Point, a 23-story, Class AA+ office tower in downtown West Palm Beach, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cohen-brothers-lands-financing-for-400m-florida-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=\"2026-10-30T12:35:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-31T08:14:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/WestPalmPoint.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cohen-brothers-lands-financing-for-400m-florida-office-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cohen-brothers-lands-financing-for-400m-florida-office-tower\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"Cohen Brothers Lands Financing for $400M Florida Office Tower\",\"datePublished\":\"2026-10-30T12:35:07+00:00\",\"dateModified\":\"2026-10-31T08:14:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cohen-brothers-lands-financing-for-400m-florida-office-tower\\\/\"},\"wordCount\":637,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cohen-brothers-lands-financing-for-400m-florida-office-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/10\\\/WestPalmPoint.png\",\"keywords\":[\"CBRE\",\"Cohen Brothers Corporation of Florida\",\"Pelli Clarke &amp; 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