Related Ross Breaks Ground on 10 and 15 CityPlace in West Palm Beach

West Palm Beach, Fla. – March 12, 2025 - Related Ross held a groundbreaking ceremony today for 10 and 15 CityPlace. These two category-defying Class AA commercial office towers mark a significant milestone in transforming Downtown West Palm Beach into a premier business and cultural hub. These towers will contribute nearly one million square feet of premier office space, strategically located within Related Ross's existing 1.7-million-square-foot downtown portfolio.

Those in attendance were Stephen M. Ross, CEO and Chairman of Related Ross and Founder of Related Companies; Kenneth Himmel, President of Related Ross; Jordan Rathlev, Senior Vice President of Development of Related Ross; West Palm Beach Mayor Keith A. James; Dr. Conor Delaney, President of Cleveland Clinic Florida; and Bernardo Fort Brescia, Founding Principal of Arquitectonica.

The groundbreaking marks the latest phase in Related Ross's vision to help transform Downtown West Palm Beach into a center of economic commerce for the region. It complements the upcoming launch of Eataly in late 2025, the development of Vanderbilt University’s graduate campus, and the expansion of retail and dining options. The towers are expected to be completed in 2027, with 15 CityPlace already 60 percent leased. Anchoring the building, Cleveland Clinic is set to open a state-of-the-art outpatient facility at 15 CityPlace, which will be integrated with their new hospital campus, creating a top healthcare ecosystem in the heart of downtown.

"Cleveland Clinic is excited to help lead this moment of transformation in West Palm Beach by expanding healthcare through a broad range of specialties and greater access. In collaboration with Related Ross, we plan to significantly grow our services at a new outpatient center. In addition, construction of a new hospital will enable us to provide the full scope of care that the community has challenged us to provide,” said Dr. Conor P. Delaney, President of the Cleveland Clinic Florida market.

"The groundbreaking of 10 and 15 CityPlace represents the culmination of Related Ross' three decade commitment to creating a dynamic, integrated urban core," said Jordan Rathlev, Senior Vice President of Development of Related Ross. "Cleveland Clinic's decision to quadruple their footprint with a 125,000-square-foot lease at 15 CityPlace demonstrates the growing appeal of West Palm Beach as a center for leading institutions across healthcare, technology, and finance."

Related Ross executives are observing significant leasing momentum, with new tenants entering the market from feeder areas such as New York, Massachusetts, and California. “Historically, West Palm Beach primarily experienced relocations of tenants within the area. However, we are now witnessing growth as the market attracts new tenants, supported by our business-friendly environment,” said Jon Blunk, President of TCRE Commercial Real Estate Experts.

15 CityPlace is designed by Miami-based Arquitectonica, a leader in bold modernism and innovative design since 1977. Known for pushing boundaries through creative use of materials, geometry, patterns, and color, Arquitectonica has established a style of humanistic modernity that resonates globally.

“We love designing buildings that have context,” said Bernardo Fort-Brescia, founding principal of Arquitectonica. “This building is part of something larger, a walking neighborhood. Then, as it rises into the skyline, its fluid curving forms visually connect with the nearby waters of the intracoastal.”

The 25-story office tower in the heart of CityPlace will include nearly 20,000 square feet of ground-floor retail and restaurant space, reflecting Related Ross’s commitment to enhancing community experiences and everyday living through exceptional design and the use of mixed-use space. Related Ross is committed to sustainable development, with 15 CityPlace targeting LEED Gold certification. The design also includes wellness-focused amenities, private terraces, and a 25th-floor sky garden by Kohn Pedersen Fox (KPF).

10 CityPlace, a 480,000-square-foot tower designed by KPF, will complete the urban fabric of the CityPlace district. Unlike traditional office developments, both towers incorporate extensive landscaping, public spaces, and street-level activation to connect into the surrounding neighborhood.

“The site is an important nexus for CityPlace and greater West Palm Beach. We wanted the design to reflect the overall vision of the neighborhood as a vibrant, pedestrian-focused mixed-use district,” said Forth Bagley, a Managing Principal at KPF.

The project features signature elements of Related Ross' approach to urban development: sustainable design, abundant green spaces, and a curated mix of retail and dining that serves both the business community and residents.

“Our goal for 10 CityPlace was to design an appropriately scaled, materially rich building that would amplify, rather than overshadow, CityPlace’s character. The project creates a sense of place with an engaging public realm and will become where people love to spend time,” said KPF Design Principal Ko Makabe.

The groundbreaking of 10 and 15 CityPlace comes at a pivotal moment in West Palm Beach's development, following the successful opening of One Flagler, which is 95% leased, earlier this year. Related Ross broke ground on One Flagler in November 2021, topped out on the building in August 2023, and completed the project with an official ribbon cutting in February 2025. This
timeline of less than three years from groundbreaking to completion demonstrates Related Ross's commitment to building on schedule to meet the growing demand for office space.

Related Ross also recently announced a $120 million renovation of Phillips Point. These strategic developments create a business district that extends from the waterfront along South Flagler to the vibrant urban core adjacent to Vanderbilt’s upcoming graduate campus and Cleveland Clinic’s newly announced plans for an in-patient hospital. This combined portfolio strategically positions West Palm Beach as a premier destination for businesses seeking an interconnected urban environment with access to top talent and exceptional amenities. Other tenants, in addition to Cleveland Clinic, include Shutts & Bowen, and Inclenberg Investments.

“As part of the expansion of the Related Ross Office Collection, we are enhancing connectivity between our developments in the Flagler waterfront district and the CityPlace neighborhood through the Related Life tenant experience program. This initiative includes activities such as guided yoga and fitness classes and curated wine tastings, all designed to provide meaningful experiences for our tenants across the portfolio,” said Ken Himmel, President of Related Ross.

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About Related Ross
Led by visionary developer Stephen Ross, Related Ross is a fully integrated real estate firm with unparalleled expertise in mixed-use development. For more than 25 years, Related has led the transformation of West Palm Beach into one of the fastest growing cities in the nation to live, work and visit. Related Ross leads the market in Class A office with over 2.8M square feet of existing commercial holdings built and under construction. Known for luxury residential buildings, Related Ross is introducing a new class of rentals and condos to the market including The Laurel and South Flagler House. The company also developed and owns the most celebrated destinations in the region including CityPlace – the most visited neighborhood in the City, fostering culture and enriching the community with lush green spaces, a diverse mix of experiential retail and culinary offerings, the largest concentration of public art installed by a private company in Palm Beach County, educational programming and modern residences; as well as Hilton West Palm Beach, RH West Palm and the historic Harriet Himmel Theater. For more information about Related Ross, please visit www.relatedross.com

About Cleveland Clinic
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. Cleveland Clinic is consistently recognized in the U.S. and throughout the world for its expertise and care. Among Cleveland Clinic’s 81,000 employees worldwide are more than 5,743 salaried physicians and researchers, and 20,160 registered nurses and advanced practice providers, representing 140 medical specialties and subspecialties. Cleveland Clinic is a 6,690-bed health system that includes a 173-acre main campus near downtown Cleveland, 23 hospitals, 276 outpatient facilities, including locations in northeast Ohio; Florida; Las Vegas, Nevada; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2023, there were 13.7 million outpatient encounters, 323,000 hospital admissions and observations, and 301,000 surgeries and procedures throughout Cleveland Clinic’s health system. Patients came for treatment from every state and 132 countries. For more information please visit clevelandclinic.org.

About Arquitectonica
With offices in Miami, New York, Los Angeles, Palm Beach, Paris, Dubai, Hong Kong, Shanghai, Manila, Lima and Sao Paulo, Arquitectonica is a major presence on architecture's international stage. Established in 1977, the firm quickly gained attention and acclaim for its bold modernist approach, which played a pivotal role in the renaissance of Miami’s urban landscape. Under the leadership of Principals Bernardo Fort-Brescia and Laurinda Spear, Arquitectonica is dedicated to pushing the boundaries of design. With a portfolio that spans across 59 countries on five continents, Arquitectonica continues to make a mark on the global architectural scene.

About Kohn Pedersen Fox
Kohn Pedersen Fox (KPF) is dedicated to elevating cities through impactful design, collaborating closely with the world’s most forward-thinking clients to create high performing, carefully crafted buildings that are unique to their physical, social, and environmental contexts. The firm’s extensive portfolio spans more than 40 countries and includes a wide range of projects from commercial and residential buildings to civic and cultural spaces to education, research, and healthcare facilities. Driven by individual design solutions, rather than a predetermined style, KPF endeavors to design lasting buildings that mitigate their environmental impact and enhance the well-being of the communities they serve. For more information please visit www.kpf.com