Related Ross, the real estate firm led by Steve Ross, has secured about 500,000 square feet of office leases in downtown West Palm Beach this year. The company is developing two major towers, 15 CityPlace and 10 CityPlace, at sites previously occupied by AMC West Palm Beach 12 and Brio Italian Grille within the CityPlace mixed-use complex.
At the under-construction 15 CityPlace tower, several firms have preleased space. These include BDO (assurance, tax and advisory services), law firm Shutts & Bowen, Inclenberg Investments (private investment), and Cleveland Clinic with a 120,000-square-foot lease. Related Ross will also expand its headquarters to this building.
One Flagler, another office tower completed by Related Ross this year near the Royal Park Bridge, attracted tenants such as Citizens Bank, JP Morgan Private Wealth Management, and Metropolitan Commercial Bank.
Roger Ferris + Partners (architecture) leased space at Phillips Point—two towers acquired by Ross in 2021 for $282 million—and Gruss and Company renewed its lease there. At Esperanté Corporate Center on Lakeview Avenue, Whiteford Taylor & Preston (law firm) signed a new lease while Shumway Capital renewed its agreement.
GID (real estate) and Seubert & Associates (insurance brokerage) are among the tenants at CityPlace Tower; McLaughlin & Stern renewed its lease in that building. After developing CityPlace Tower in 2008 and selling it in 2011, Ross repurchased it for $175 million in 2021. Tech company Visium will open its headquarters at the boutique office building located at 477 Rosemary.
Steve Ross stepped back from New York-based Related Companies last year to focus on Related Ross but remains nonexecutive chairman and largest shareholder of his original firm. The specific square footage for each tenant was not disclosed.
Elsewhere in South Florida:
– AVA MediterrAegean opened its second location in Miami’s Coconut Grove with a 4,900-square-foot lease at Arya Hotel & Suites.
– A shopping plaza under construction in Westlake has signed four tenants: Ella Cafe (1,700 sq ft), Junior’s Barber Shop (1,700 sq ft), Westlake Eye Care (1,500 sq ft), and Gulfstream Goodwill (2,600 sq ft). The site is owned by an entity led by Donaldson Hearing.
– Memorial Healthcare System renewed two leases totaling 93,000 square feet at Miramar Park of Commerce where it now occupies more than 200,000 square feet overall. Sunbeam Properties developed the business campus which hosts over 160 companies.
– Body Hot Pilates will open an 1,800-square-foot studio at Amara Wynwood apartment building; Juan Andrés Nava and Johnny Moreno of Metro 1 represented parties involved.
– Bagatelle Miami River restaurant opened a French Mediterranean eatery leasing a space on Northwest South River Drive; Arturo Ortega manages the property owner.
– Prince St. Pizza will debut its first permanent Miami-Dade County location with a forthcoming shop on Lincoln Road promenade after previously running a pop-up in Wynwood.
The developments reflect ongoing commercial activity across various sectors including real estate offices—especially those tied to Related Ross—as well as retail and hospitality venues throughout South Florida.
