Crews top off first of two buildings at Palm Beach Gardens office development
Construction workers topped off an 11-story office building under construction in Palm Beach Gardens.
It is one of two 11-story office buildings called DiVosta Towers at 3825 PGA Boulevard, which will have a combined total of 220,000 square feet.
The topped-off office building is expected to open first, in early 2019, and the second building about six months later.
Crews installed decorative, pyramid-shaped framework on top of the first building, which has four floors that future tenants have pre-leased.
Rebel Cook, president of Rebel Cook Real Estate in Palm Beach Gardens, told the Palm Beach Post that DiVosta Towers will be the city’s first new office space in almost 10 years.
The developer of the two-building office complex, Otto DiVosta, bought the seven-acre construction site in 2015 for $8.5 million.
DiVosta told the Palm Beach Post that the total cost of the development will be $60 million, including $1.4 million for their pyramid-shaped crowns. The development will include an 800-space parking garage.
DiVosta is leasing the space for $30 per square foot, not including insurance and taxes. [Palm Beach Post] – Mike Seemuth
Source: The Real Deal