West Palm Point Office Tower Secures Financing
The $400 million downtown project will add 438,000 square feet of office space to West Palm Beach by early 2029.
Updated on Oct. 29, 2026 in Commercial
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Developer Charles S. Cohen has secured full construction financing for West Palm Point, a 23-story office tower in downtown West Palm Beach. The project will bring 438,000 square feet of office space to the area by early 2029.
Why it matters
The $400 million development signals ongoing institutional investment in the downtown office market, aiming to meet modern workspace standards. By pursuing LEED Gold and Fitwel certifications, the project reflects a shift toward higher-efficiency, amenity-rich buildings in the local commercial landscape.
The $400 million project includes 438,000 square feet of office space and a 10-story parking structure with 1,200 spaces. These figures, supported by 40 years of developer experience, represent the total investment scope for the tower scheduled for completion in 2029.
The players
Charles S. Cohen
A developer with 40 years of experience leading major commercial real estate projects.
Cooper Horowitz
A real estate finance firm that manages project funding and capital arrangements for developers.
Coastal Construction
A construction management firm that oversees the execution of large-scale development projects.
The details
The development features a 23-story structure designed to prioritize workspace quality, including office ceiling heights exceeding 10 feet and a 30-foot lobby. Financing, arranged by Cooper Horowitz, supports a complex build-out that also incorporates a dedicated 10-story parking facility to manage density. Coastal Construction will oversee the site as the primary construction manager to ensure the project meets its sustainability-focused building goals.
Timeline
October 29, 2026: Developer confirms full construction financing is secured.
Q1 2029: Expected delivery date for the completed office tower.
Money Landscape
This project aligns with the modern market push for high-performance office space built to LEED Gold certification standards. It follows a multi-year period of planning and contracting that mirrors the current industry trend of prioritizing sustainability and wellness features in new commercial inventory.
For business owners and household decision-makers, this large-scale project indicates significant long-term capital commitment to downtown office inventory. Local residents should monitor future leasing updates, as the influx of 438,000 square feet of office space may influence the local employment environment and area commercial property values.
The takeaway
Large-scale commercial developments in the urban core often act as barometers for local economic confidence and long-term workspace demand. Readers should track the project's Q1 2029 delivery date as a milestone for potential shifts in the downtown commercial and parking landscape.
Further reading
For more on how shifts in business space affect the local market, see Commercial.
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Do you support the construction of new large-scale office towers in your local downtown area?
