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
University Buildings | Mar 7, 2022
A new facility can offer thousands of equine therapy sessions a year
At its new Spur campus in Denver, Colorado State University (CSU) will bring its expertise to the public by offering free educational experiences to visitors of all ages. Spur’s three buildings—Hydro, Terra, and Vida—will focus, respectively, on water, earth, and life.
Projects | Mar 7, 2022
An Atlanta office promotes employee well-being
For its new Atlanta office, New Relic, a California-based technology company that develops cloud-based software, wanted to keep employee health and wellness at the fore. It also wanted the workspace design to bolster productivity as well as employee engagement and retention.
Projects | Mar 4, 2022
Buro Happold tapped for Tucson’s Climate Action and Adaptation Plan
The winning proposal from Buro Happold combines establishing climate solutions, while involving the communities in effect.
Projects | Mar 3, 2022
Move, lift, restore: Repurposing a former post office near San Francisco
In mid-February, a construction crew began lifting a 1940s post office building located in Burlingame, Calif., on the San Francisco Peninsula.
Projects | Mar 2, 2022
Construction nears completion on $1B Grand Egyptian Museum in Cairo
At an estimated budget of $1 billion, the Grand Egyptian Museum (GEM) is considered the largest museum in the world dedicated to one civilization. The superlatives don’t end there: It’s also the largest museum in Egypt, the largest Pharaonic museum in the world, and one of the world’s leading scientific, historical, and archeological study centers.
Projects | Mar 2, 2022
Manufacturing plant gets second life as a mixed-use development
Wire Park, a mixed-use development being built near Athens, Ga., will feature 130 residential units plus 225,000 square feet of commercial, office, and retail space. About an hour east of downtown Atlanta, the 66-acre development also will boast expansive public greenspace.
Higher Education | Mar 1, 2022
SRG Partnership designs a nautically inspired space for maritime science
A community college in Oregon has begun construction on a new building devoted to maritime science. With it, the school hopes to solidify its position as a major industrial and marine technology center in the Pacific Northwest.
Multifamily Housing | Feb 24, 2022
First new, mixed-use high-rise in Detroit’s central business district in nearly 30 years opens
City Club Apartments completed two multifamily projects in 2021 in downtown Detroit including the first new, mixed-use high-rise in Detroit’s central business district in nearly 30 years.
Office Buildings | Feb 23, 2022
The Beam on Farmer, Arizona’s first mass timber, multi-story office building tops out
The Beam on Farmer, Arizona’s first mass timber, multi-story office building, topped out on Feb. 10, 2022.
Projects | Feb 22, 2022
New Medpace headquarters tower supports wellness culture
The new 263,000 sf, seven-story global headquarters of Medpace, an organization conducting global clinical research for the development of medical therapeutics and devices, reflects its active wellness culture.
