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 24, 2022
A Hollywood home for creatives
A Hollywood development will serve as a collaborative center for artists, students, and those in the entertainment industry.
Projects | Mar 22, 2022
Fast-growing Austin adds a $3 billion community
The nation’s fastest-growing large metro area is getting even bigger, with the addition of a $3 billion, 66-acre community.
Projects | Mar 22, 2022
AREA15 to open second location in Orlando, Florida
AREA15, an immersive and experiential art, entertainment, dining and retail center, recently announced that it will open its second location in Orlando, Florida, in 2024.
Projects | Mar 22, 2022
Austin multifamily project to feature 60 micro-housing apartments
A new 34,364 sf multifamily project, Sixth and Chicon, in Austin, Texas, will feature 60 micro-housing apartments designed for “the urban minimalist.”
Projects | Mar 21, 2022
BIG-designed Danish Neuroscience Center will combine groundbreaking science and treatment
A first-of-its-kind facility, a new Danish Neuroscience Center in Aarhus, Denmark designed by BIG, will combine psychiatry and neuroscience under one roof.
Projects | Mar 18, 2022
Former department store transformed into 1 million sf mixed-use complex
Sibley Square, a giant mixed-use complex project that transformed a nearly derelict former department store was recently completed in Rochester, N.Y.
Projects | Mar 18, 2022
Toronto suburb to build the largest hospital in Canada
A new hospital in Ontario will nearly triple the care capacity of its existing facility—becoming the largest hospital in Canada.
Museums | Mar 16, 2022
Unpacking the secrets to good museum storage
Museum leaders should focus as much design attention on the archives as the galleries themselves, according to a new white paper by Erin Flynn and Bruce Davis, architects and museum experts with the firm Cooper Robertson.
Projects | Mar 16, 2022
Tomorrow’s STEM leaders get a state-of-the-art research complex
In February, North Carolina Agriculture and Technical State University (NC A&T) opened its new Engineering Research & Innovation Complex (ERIC).
Multifamily Housing | Mar 15, 2022
A 42-story tower envelops residents in Vancouver’s natural beauty
The city of Vancouver is world-renowned for the stunning nature that surrounds it: water, beaches, mountains. A 42-story tower, Fifteen Fifteen, will envelop residents in that natural beauty.
