The COVID pandemic fueled a historic migration of wealth to Palm Beach County. It’s an influx of money that is transforming the style, landscape, and fortunes of our area, with some communities more and more resembling the tony town of Palm Beach. The changes will be permanent, and could prove a boon for some while deepening the affordability crunch, traffic frustrations and even school waiting lists for others. This is one part of a Palm Beach Post multi-part series titled The Palm Beaching Project.*
A number of new office buildings in downtown West Palm Beach are rethinking what an office space should be.
They are offering perks in the form of hospitality amenities once reserved only for luxury hotels or residences.
Part of the reason is an attempt by real estate developers to lure companies and their workers back to the office after the COVID-19 pandemic, which left much of the workforce working remotely. The trend also can help companies recruit employees, said Andrew Dance, managing partner of Brand Atlantic Real Estate Partners, a downtown West Palm Beach developer.
At the ultra-luxury One Flagler office tower in downtown West Palm Beach, tenants will enjoy the perks of an upscale hotel in a tower featuring the latest technology.
Workers can gather in a chic downstairs restaurant, Estiatorio Milos restaurant, flex in workout or meditation spaces, or meet in outdoor terraces with breezy water views.
The building also will offer concierge services to help tenants with everyday tasks, including dinner reservations and home relocation services. Dance’s downtown office complex also offers perks.
His Banyan & Olive office complex project includes a renovation of 111 Olive, a three-story, 1936 building designed in the Art Moderne style. The complex also features construction of the 12-story building in the heart of downtown known as 300 Banyan.
These buildings provide office space with large windows, a golf simulator, outdoor terraces, showers, and an indoor-outdoor fitness center.
In addition, an acclaimed Greek restaurant, Kyma, will occupy a rooftop bar and downstairs restaurant space spanning both buildings.
The promised extras are a draw for Alvarez & Marsal Capital, a private equity firm from Greenwich, Connecticut.
In 2023, the company inked a lease for 10,000 square feet of space in 300 Banyan. Recently, the firm decided to take even more space in the building, said Cushman & Wakefield’s Librizzi, who handles the complex’s leasing.
Source: Downtown West Palm Beach office buildings offering perks once seen only in hotels
