In a modern-meets-classic project, Stephen Ross’ latest downtown West Palm Beach office tower will rise next to a nearly 100-year-old church that will be preserved.
Ross’ Related Companies embarked on the 25-story One Flagler, where two financial firms and a Greek restaurant signed leases. It will be on the western portion of a 2.5-acre site at the foot of the Royal Park Bridge and overlooking the Lake Worth Lagoon.
Private equity firm Siris Capital will move into One Flagler from nearby Phillips Point, also owned by Related. First Republic Bank will open a retail branch and office space at One Flagler, Gopal Rajegowda, partner at Related Southeast, told The Real Deal.
Chef Costas Spiliadis’ Greek seafood restaurant Estiatorio Milos, with its nearest location in Miami Beach, will open in a roughly 10,000-square-foot space on the ground floor and second level, with waterfront views, Rajegowda said.
The 275,000-square-foot One Flagler will be built west of the First Church of Christ Scientist and include a garage partly on the first floors of the tower and partly jutting out and rising eight stories, Rajegowda said.
Designed by Skidmore, Owings & Merrill’s David Childs, One Flagler will have floor-to-glass windows, according to a news release and project renderings.
By contrast, the church has a Classical Revival architectural style and was built in 1928. It was designed by architects Horace Trumbauer and Julian Abele, and will remain open.
The eastern half of the site will be preserved as green space with the roughly 1-acre public park named after Abele, a prominent Black architect according to the release.
Source: The Real Deal
