Brand Atlantic Real Estate Partners, Wheelock Street Capital, and B+H Architects released design plans for a new mixed-use office block in West Palm Beach called Banyan & Olive.
The project is intended for technology and finance firms relocating to an area that is becoming known as Wall Street South. “Over the last two years, West Palm Beach has become an emerging destination for finance and tech, with major players in both sectors relocating to the area,” said Patrick Fejer, principal at B+H, in a news release. “With that growth comes a demand for a new type of mixed-use office space that emphasizes mixed-use spaces, luxury amenities to the public realm, and connection to outdoors. This evolution of the local workforce means a change in vision for the downtown. It’s an exciting time to be building in West Palm Beach.”
The development includes the original heritage building on the site, 111 Olive. That structure will be retained, restored, and transformed into a three-story mixed-use tower with ground floor retail, a new marquee restaurant at grade that will have an expansive outdoor patio, and boutique office space on the top two floors. “Previously occupied by a department store, it was paramount that the original art moderne aesthetic be retained to connect back to the historic fabric of the neighborhood,” according to a news release.
A vacant parking lot next to 111 Olive will house 300 Banyan, a 12-story geometric glass tower with Class A office space. It will include an expansive amenity floor equipped with a state-of-the-art indoor/outdoor gym and private outdoor terraces that can be used year-round. The tower will include an elevated parking garage with ground floor retail, a lobby, and food and beverage offerings.
Connecting 111 Olive and 300 Banyan will be a public walkway that can accommodate food and beverage and retail pop ups or cultural programming to foster a sense of community between both buildings. The strategy to integrate with the community reflects the recent revitalization of downtown West Palm Beach into a bustling arts and entertainment district that is now a major player in the finance and tech economy, the release says.
The project will be delivered in two phases: 111 Olive is scheduled for delivery and occupancy in the 4th quarter of 2022; 300 Banyan is scheduled for delivery and occupancy in the 4th quarter of 2023.
Owner and/or developer: Brand Atlantic Real Estate Partners and Wheelock Street Capital
Design architect: B+H Architects
Architect of record: Spina O'Rourke + Partners
MEP engineer: OCI Consulting Engineers
Structural engineer: Bliss & Nyitray, Inc.
General contractor/construction manager: Gilbane
Related Stories
Projects | Mar 15, 2022
Old Sears store will become one of the largest orthopaedics outpatient facilities in the Northeast
A former Sears store in Rochester, N.Y., will be transformed into one of the largest orthopaedics outpatient facilities in the Northeast.
Projects | Mar 11, 2022
Studying science in the sky
In sharp contrast to other types of commercial real estate, the life sciences market is booming, according to SGA, an architecture firm based in Boston and New York that has extensive experience designing life sciences buildings.
Projects | Mar 11, 2022
Suffolk completes construction of luxury condominium 2000 Ocean
The 38-story glass-encased tower along the beach on 1.3 acres is owned by KAR Properties and designed by TEN Arquitectos.
Projects | Mar 10, 2022
Fort Worth’s Hotel Revel adds mixed-use spaces to creative neighborhood
Hotel Revel, a new mixed-use building in the Near Southside section of Fort Worth, Texas, will boost the vibrancy of the eclectic neighborhood.
Projects | Mar 10, 2022
Optometrist office takes new approach to ‘doc-in-a-box’ design
In recent decades, franchises have taken over the optometry services and optical sales market. This trend has spawned a commodity-type approach to design of office and retail sales space.
Projects | Mar 9, 2022
New 243-unit luxury apartment community opens in St. Paul, Minn.
Waterford Bay, a four-story, 243-unit luxury multifamily development recently opened in St. Paul, Minn.
Projects | Mar 9, 2022
Verizon Media’s New York studios serve multiple digital brands
Verizon Media, a division of Verizon Communications, Inc., embarked on a project to create a space to house multiple digital brands in Manhattan. The 21,700 sf space at 770 Broadway contains two broadcast studios and control rooms used by Verizon Media’s ecosystem of digital brands such as Yahoo, TechCrunch, HuffPost, RYOT, and MAKERS.
Mass Timber | Mar 8, 2022
Heavy timber office and boutique residential building breaks ground in Austin
T3 Eastside, a heavy timber office and boutique residential building, recently broke ground in Austin, Texas.
Performing Arts Centers | Mar 8, 2022
Cincinnati Ballet’s new center embodies the idea that dance is for everyone
Cincinnati Ballet had become a victim of its own success, according to company president and CEO Scott Altman. “We were bursting at the seams in our old building. We had simply outgrown the facility,” Altman told the Cincinnati Enquirer.
Projects | Mar 8, 2022
A scalable EV charging solution
Resembling a fueling station, VersiCharge XL—a new electric vehicle (EV) charging concept structure—can charge large numbers of EVs in outdoor areas ranging from small office building parking lots to last-mile logistics hubs to stadium parking lots.