Developer Secures Financing for West Palm Point Tower
The $400 million downtown office project reaches a key milestone with full construction financing now in place.
Updated on Oct. 29, 2026 in Commercial
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Developer Charles S. Cohen has secured the financing necessary to move forward with the West Palm Point office tower in downtown West Palm Beach. The project, which was arranged by Cooper Horowitz, represents a $400 million investment into the city’s business district.
Why it matters
This financing allows for the construction of a major office hub that seeks to satisfy modern workplace requirements. The development draws on forty years of industry experience to provide high-end corporate space in a growing urban market.
The 23-story tower will feature 438,000 square feet of office space alongside a 10-story parking garage providing 1,200 total spaces. It is designed to achieve both LEED Gold and Fitwel certification standards.
The players
Charles S. Cohen
A developer who leverages forty years of industry experience to lead high-profile real estate projects.
Cooper Horowitz
An institutional real estate financing firm that arranged the capital for the development.
Coastal Construction
A major construction firm acting as the project overseer for this large-scale development.
The details
The office tower will serve as a prominent addition to downtown West Palm Beach, with construction overseen by Coastal Construction. Future tenants will occupy space featuring ceiling heights of over ten feet, anchored by a 30-foot tall lobby.
Timeline
October 29, 2026: Developer announced the completion of project financing.
Q1 2029: Expected delivery date for the completed office tower.
Culture Shift
The project aligns with the broader push toward high-performance, environmentally certified urban workspaces. Developers are increasingly prioritizing LEED Gold certification to attract corporate tenants who demand sustainable and wellness-focused environments.
Local residents and businesses should anticipate significant construction activity in the downtown area through early 2029. Once finished, the addition of 1,200 parking spaces may help alleviate some existing parking pressure in the immediate business corridor.
The takeaway
Large-scale commercial projects like West Palm Point often signal shifts in demand for high-end office infrastructure within a city. Investors and local business owners should watch for how this influx of new square footage impacts regional commercial lease rates.
Further reading
For more on the latest office developments, visit the West Palm Beach Commercial section.
Source note: This article includes information reported by The Queenslander.
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