7 Proven Related Ross Westlake Sunbeam: Downtown West Palm Beach Leasing Boom – Brickellsold: Mistakes to Avoid

Downtown West Palm Beach Leasing Boom: What's Behind the Surge?

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Beach u003c/strongu003eu003c/pu003enu003cpu003eRelated Ross, billionaire Steve Ross’ firm that u003ca href=”/miami/2024/07/11/steve-ross-steps-down-from-related-launches-west-palm-firm/”u003edominates downtown West Palm Beachu003c/au003e, scored half a million square feet of leases this year.u0026nbsp;u003c/pu003enu003cpu003eAt the 25-story 15 CityPlace office tower that’s under construction, assurance, tax and advisory services firm BDO, law firm Shutts u0026amp; Bowen and private investment firm Inclenberg Investments preleased offices, according to a Related Ross news release. Related Ross, the South Florida-focused real estate firm Ross launched last year, will expand its downtown West Palm headquarters to 15 CityPlace.u0026nbsp;u003c/pu003enu003cpu003eAlso on tap at the tower is Cleveland Clinic, which preleased u003ca href=”/miami/2024/12/30/steve-ross-lands-cleveland-clinic-prelease-in-west-palm/”u003e120,000 square feetu003c/au003e.u0026nbsp;u003c/pu003enu003cpu003e15 CityPlace and u003ca href=”/miami/2025/09/08/servicenow-leases-at-steve-ross-10-cityplace-in-west-palm/”u003e10 CityPlaceu003c/au003e are the u003ca href=”/miami/2023/03/30/steve-ross-related-plans-more-office-towers-in-west-palm/”u003etwo office towersu003c/au003e Related Ross is developing on the site of AMC West Palm Beach 12 at 545 Hibiscus Street, and at the closed Brio Italian Grille at 550 South Rosemary Avenue at the CityPlace mixed-use complex.u0026nbsp;u003c/pu003enu003cpu003eAt One Flagler, the tower Related Ross completed this year at the foot of the Royal Park Bridge, Citizens Bank, JP Morgan Private Wealth Management and Metropolitan Commercial Bank leased offices, according to the release.u0026nbsp;u003c/pu003enu003cpu003eArchitecture firm Roger Ferris + Partners leased an office at the two-tower Phillips Point, and investment manager Gruss and Company renewed its office space. In 2021, Ross paid u003ca href=”/miami/2021/01/22/related-cos-closes-on-west-palm-office-towers-for-282m/”u003e$282 millionu003c/au003e for Phillips Point at 777 South Flagler Drive and 201 Lakeview Avenue.u0026nbsp;u003c/pu003enu003cpu003eAt Esperanté Corporate Center, law firm Whiteford, Taylor u0026amp; Preston leased an office, and investment firm Shumway Capital renewed its lease, according to the release. u003ca href=”/miami/2021/06/11/related-companies-buys-half-ownership-interest-in-west-palm-office-tower/”u003eEsperanté Corporate Centeru003c/au003e is at 222 Lakeview Avenue.u0026nbsp;u003c/pu003enu003cpu003eReal estate firm GID and insurance brokerage Seubert u0026amp; Associates leased at CityPlace Tower, and law firm McLaughlin u0026amp; Stern renewed its lease at CityPlace Tower at 525 Okeechobee Boulevard. Ross, through Related Companies, had developed CityPlace Tower in 2008 and sold it in 2011. In 2021, he bought back the building for u003ca href=”/miami/2021/05/24/related-companies-buys-west-palm-beach-office-tower-for-175m/”u003e$175 millionu003c/au003e.u0026nbsp;u003c/pu003enu003cpu003eTech firm Visium will open its headquarters at the 477 Rosemary boutique office building at CityPlace.u0026nbsp;u003c/pu003enu003cpu003eRoss, who founded New York-based Related Companies over 50 years ago, stepped back from the firm last year to lead West Palm-based u003ca href=”/miami/2024/07/11/steve-ross-steps-down-from-related-launches-west-palm-firm/”u003eRelated Rossu003c/au003e. He remains nonexecutive chairman and the single largest shareholder at Related Companies.u0026nbsp;u003c/pu003enu003cpu003eThe square footage the tenants leased wasn’t immediately provided.u0026nbsp;u003c/pu003enu003cpu003eu003cstrongu003eAVA MediterrAegean | Miamiu003c/strongu003eu003c/pu003enu003cpu003eu003ca href=”/miami/2023/05/01/mila-founder-to-open-restaurants-hotel-on-miami-river/”u003eGreg Galy’su003c/au003e Riviera Dining Group opened AVA MediterrAegean in Miami’s Coconut Grove, marking the restaurant’s second outpost.u0026nbsp;u003c/pu003enu003cpu003eu003ca href=”/miami/2025/01/27/codina-nabs-doral-uhealth-greg-galy-opens-brickell-eatery/”u003eRiviera Diningu003c/au003e leased 4,900 square feet at 2889 McFarlane Road, according to the hospitality group’s news release. AVA MediterrAegean, which opened on Saturday, includes a members-only AVA MM retreat area.u0026nbsp;u003c/pu003enu003cpu003eThe restaurant is led by chef Michaël Michaelidis and executive chef Frédéric Aumeunier. Lazaro Rosa-Violán designed the interior.u0026nbsp;u003c/pu003enu003cpu003eThe other AVA MediterrAegean is in Winter Park, near Orlando.u0026nbsp;u003c/pu003enu003cpu003eThe Coconut Grove restaurant is at the Arya Hotel u0026amp; Suites, also known as the Mutiny Park Condominium. Last year, Miami Vacation Rentals and German entrepreneur Florian Hagenbuch paid u003ca href=”/miami/2024/06/18/miami-vacation-rentals-buys-into-coconut-grove-condo-hotel/”u003e$16.2 millionu003c/au003e for 19 condo-hotel units, a commercial space and 66 percent of the common areas at Arya Hotel.u0026nbsp;u003c/pu003enu003cpu003eu003cstrongu003eElla Café, Junior’s Barber Shop, more | Westlakeu0026nbsp;u003c/strongu003eu003c/pu003enu003cpu003eA shopping plaza under construction in Westlake scored four tenants.u0026nbsp;u003c/pu003enu003cpu003eu003ca href=”/miami/2025/03/17/miamicentral-greystar-dacra-score-tenants/”u003eElla Cafeu003c/au003e preleased 1,700 square feet; Junior’s Barber Shop preleased 1,700 square feet; Westlake Eye Care preleased 1,500 square feet; and Gulfstream Goodwill preleased 2,600 square feet at Westlake Palms at 4931 Seminole Pratt Whitney Road, according to a news release from the landlord’s brokers.u0026nbsp;u003c/pu003enu003cpu003eBryan Cohen and Chris McCarthy of Cohen Commercial represented the landlord and Junior’s Barber Shop. Liz Metott of Native Realty represented Ella Cafe, and Matt Sullivan of Xite Healthcare Real Estate represented Westlake Eye Care. Jack Siragusa and Sarau003c/pu003enu003cpu003eWilliams of CBRE represented Gulfstream Goodwill.u0026nbsp;u003c/pu003enu003cpu003eAn entity led by Donaldson Hearing owns the Westlake Palms development site and recorded a notice of construction commencement in March, records show. The notice is for a 10,400-square-foot retail building.u0026nbsp;u003c/pu003enu003cpu003eWestlake, a municipality in Palm Beach County incorporated in 2016, is the county’s youngest city. Minto Communities is the master developer that in 2013 bought the roughly u003ca href=”/miami/2013/10/03/minto-plans-6500-homes-baseball-training-camp-at-palm-beach-citrus-grove/”u003e4,000-acre siteu003c/au003e where it is building Westlake. At full buildout, u003ca href=”/miami/2016/03/11/minto-communities-set-to-build-4000-acre-westlake-project-in-central-pb-county/”u003eWestlakeu003c/au003e will have thousands of homes, commercial space and its own school and police and fire stations.u0026nbsp;u003c/pu003enu003cpu003eu003cstrongu003eMemorial Healthcare System | Miramaru0026nbsp;u003c/strongu003eu003c/pu003enu003cpu003eMemorial Healthcare System renewed two of its leases for a combined 93,000 square feet at Miramar Park of Commerce.u0026nbsp;u003c/pu003enu003cpu003eThe public health care system renewed its 73,600-square-foot lease for administrative offices at 2900 Corporate Way, and its 19,400-square-foot lease for offices and training space at 2954–2990 Executive Way in Miramar, according to a Miramar Park of Commerce news release. In total, Memorial leases more than 200,000 square feet at the business campus, including for pharmaceutical, IT and pathology uses.u0026nbsp;u003c/pu003enu003cpu003eBob Banks of RW Banks Real Estate represented the tenant. Ryan Goggins and Peter (“PJ”) Apol of Sunbeam Properties represented the landlord.u0026nbsp;u003c/pu003enu003cpu003eSunbeam Properties, a real estate firm owned by the billionaire Ansin family that also owns WSVN-Channel 7, developed u003ca href=”/miami/2025/04/01/prologis-sunbeam-link-logistics-tortoise-nab-tenants/”u003eMiramar Park of Commerceu003c/au003e. It spans more than 5 million square feet of office, medical and industrial space, and is home to over 160 companies, the release says.u0026nbsp;u003c/pu003enu003cpu003eNear the commerce park, Sunbeam plans a u003ca href=”/miami/2024/09/12/ansins-sunbeam-proposes-nearly-3000-unit-multifamily-project/”u003emassive mixed-use projectu003c/au003e with more than 2,800 residential units; a 185-key hotel; more than 500,000 square feet of retail, dining and office space; and 32 acres of parks.u0026nbsp;u003c/pu003enu003cpu003eu003cstrongu003eBody Hot Pilates | Miamiu0026nbsp;u003c/strongu003eu003c/pu003enu003cpu003eA Pilates studio will open at the recently completed u003ca href=”/miami/2023/03/24/fifield-pgim-score-67m-construction-loan-for-wynwood-apartments/”u003eAmara Wynwoodu003c/au003e apartment building.u0026nbsp;u003c/pu003enu003cpu003eBody Hot Pilates leased 1,800 square feet at 45 Northeast 27th Street in Miami, according to a news release from the broker for the landlords and tenant. The studio is expected to open in the spring.u0026nbsp;u003c/pu003enu003cpu003eJuan Andrés Nava was part of the Metro 1 team that represented the landlords. Johnny Moreno, also of Metro 1, represented the tenant.u0026nbsp;u003c/pu003enu003cpu003eChicago-based Fifield Companies and Newark, New Jersey-based PGIM Real Estate completed the eight-story, 210-unit u003ca href=”/miami/2022/01/12/chicago-developer-pays-20m-for-wynwood-dev-site-with-plans-for-mid-rise-apartments/”u003eAmarau003c/au003e apartment building this year, according to media reports and Apartments.com. The building has about 11,000 square feet of retail space.u0026nbsp;u003c/pu003enu003cpu003eu003cstrongu003eBagatelle Miami River | Miamiu0026nbsp;u003c/strongu003eu003c/pu003enu003cpu003eA French Mediterranean restaurant opened in the Miami River District.u0026nbsp;u003c/pu003enu003cpu003eBagatelle Miami River leased 5,500 square feet at 311 Northwest South River Drive in Miami, according to the tenant’s spokesperson and a news release.u0026nbsp;u003c/pu003enu003cpu003eRecords show the building is owned by an entity managed by Arturo Ortega.u003c/pu003enu003cpu003eu003cstrongu003ePrince St. Pizza | Miami Beachu0026nbsp;u003c/strongu003eu003c/pu003enu003cpu003eNew York pizzeria Prince St. Pizza will open on Miami Beach’s u003ca href=”/miami/2025/11/19/comras-buys-lincoln-road-portfolio-for-140m/”u003eLincoln Roadu003c/au003e pedestrian promenade.u0026nbsp;u003c/pu003enu003cpu003ePrince St. Pizza, led byu0026nbsp; Lawrence Longo, leased 1,500 square feet at 521 Lincoln Road, where it’s expected to open next month, according to the tenant’s news release. It marks its first brick and mortar outpost in Miami-Dade County, though the pizzeria previously had a pop-up in Wynwood.u0026nbsp;u003c/pu003enu003cpu003eRecords show the building is owned by an entity tied to New York-based Aurora Capital Associates.u0026nbsp;u003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Also, AVA MediterrAegean opened in Coconut Grove “,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-24T15:55:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eRelated Ross, led by Steve Ross, scored over half a million square feet of leases this year across its West Palm office towers including 15 CityPlace (BDO, Shutts u0026amp; Bowen, Cleveland Clinic), One Flagler (Citizens Bank, JP Morgan Private Wealth Management), Phillips Point, Esperanté Corporate Center, and CityPlace Tower.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eAVA MediterrAegean opens in Coconut Grove: Greg Galy’s Riviera Dining Group launched its second AVA MediterrAegean restaurant, occupying 4,900 square feet at the Arya Hotel u0026amp; Suites in Miami’s Coconut Grove.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe roundup also includes retail leases at the new Westlake Palms shopping plaza (Ella Café, Junior’s Barber Shop, Westlake Eye Care, Gulfstream Goodwill), a 93,000-square-foot lease renewal for Memorial Healthcare System in Miramar Park of Commerce, and new Miami leases for Body Hot Pilates (Wynwood), Bagatelle Miami River, and Prince St. Pizza (Miami Beach).u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/Ayh8dOlvbVb4ZsrVzWXB/Ayh8dOlvbVb4ZsrVzWXB.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/MIA-Lease-Roundup-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/MIA-Lease-Roundup-1400×933.jpg 1400w, /wp-content/uploads/2025/11/MIA-Lease-Roundup-300×200.jpg 300w, /wp-content/uploads/2025/11/MIA-Lease-Roundup-700×467.jpg 700w, /wp-content/uploads/2025/11/MIA-Lease-Roundup-200×133.jpg 200w, /wp-content/uploads/2025/11/MIA-Lease-Roundup-768×512.jpg 768w, /wp-content/uploads/2025/11/MIA-Lease-Roundup-1024×683.jpg 1024w, /wp-content/uploads/2025/11/MIA-Lease-Roundup-50×33.jpg 50w, /wp-content/uploads/2025/11/MIA-Lease-Roundup.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:null,”altText”:”Steve Ross with One Flagler, Phillips Point, CityPlace Tower, and 15 CityPlace (Related)”,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Steve Ross with One Flagler, Phillips Point, CityPlace Tower, and 15 CityPlace (Related)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Lease-Roundup-1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Lease-Roundup-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Lease-Roundup-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Lease-Roundup-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Lease-Roundup-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Lease-Roundup-768×512.jpg 768w, 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content=”Related Ross scored over half a million square feet of leases at its downtown West Palm office towers this year. ” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/11/24/related-ross-westlake-sunbeam-fifield-pgim-nab-tenants/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”Lease roundup: Related Ross scores flurry of tenants at downtown West Palm office towers” /u003enu003cmeta property=”og:description” content=”Related Ross scored over half a million square feet of leases at its downtown West Palm office towers this year. ” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/24/related-ross-westlake-sunbeam-fifield-pgim-nab-tenants/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-24T15:30:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Lease-Roundup.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Lidia Dinkova” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”BDO, Shutts u0026amp; Bowen, Citizens Bank, more | West Palm Beach  Related Ross, billionaire Steve Ross’ firm that dominates downtown West Palm Beach, scored half a million square feet of leases this year.u0026nbsp; At the 25-story 15 CityPlace office tower that’s under construction, assurance, tax and advisory services firm BDO, law firm Shutts u0026amp; Bowen and private investment firm Inclenberg Investments preleased offices, according to a Related Ross news release. Related Ross, the South Florida-focused real estate firm Ross launched last year, will expand its downtown West Palm headquarters to 15 CityPlace.u0026nbsp; Also on tap at the tower is Cleveland [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Shea Monahan” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”6 minutes” /u003enu003cscript type=”application/ld+json” class=”yoast-schema-graph”u003e{“@context”:”https://schema.org”,”@graph”:[{“@type”:”NewsArticle”,”@id”:”https://therealdeal.com/miami/2025/11/24/related-ross-westlake-sunbeam-fifield-pgim-nab-tenants/#article”,”isPartOf”:{“@id”:”https://therealdeal.com/miami/2025/11/24/related-ross-westlake-sunbeam-fifield-pgim-nab-tenants/”},”author”:[{“@type”:”Person”,”@id”:”https://therealdeal.com/#/schema/person/59ad643e34e525ba44cf385eb480dc46″,”name”:”Lidia Dinkova”,”image”:{“@type”:”ImageObject”,”url”:”https://secure.gravatar.com/avatar/8f50db554f29c280c6279bd8cbf09aa15dd40cda5b5963c6a80232b86912c185?s=96u0026#038;d=mmu0026#038;r=g”},”description”:”Lidia Dinkova covers South Florida real estate for The Real Deal. 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At the 25-story 15 CityPlace office tower under construction, assurance, tax and advisory services firm BDO, law firm Shutts & Bowen, and private investment firm Inclenberg Investments preleased offices, according to a Related Ross news release.

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