Related Ross Announces Half a Million Square Feet of Commercial Leases Signed in 2025

WEST PALM BEACH, Fla. – November 19, 2025 – Today, Related Ross, the largest commercial real estate owner and developer in downtown West Palm Beach, announces it has surpassed half a million square feet this year across Class AA+ office portfolio reflecting continued robust demand among leading technology, financial services, and healthcare tenants including ServiceNow, Cleveland Clinic, JP Morgan Private Wealth Management, and Citizens Bank. With premier companies actively selecting the Related Ross Office Collection as their preferred destination for expansion in Southeast Florida, the firm is playing a defining role in establishing West Palm Beach as a dynamic hub for innovation, economic opportunity, and sustainable growth. This reflects Florida’s distinctive ability to accelerate business growth, attract top talent, and cultivate thriving communities.

Further demonstrating its confidence in West Palm Beach’s office market, Related Ross also announces the acquisition of One Clearlake, a LEED Gold and Energy Star-certified, 18-story tower located at 250 S. Australian Ave. This 221,661-square-foot tower is strategically positioned along the western gateway to downtown, offering scenic lake views and convenient access to Banyan and Okeechobee Boulevards as well as major regional transit options, including Interstate 95, South Florida’s commuter rail (Tri-Rail), and Brightline.

“West Palm Beach is emerging as one of the nation’s top office markets,” said Jordan Rathlev, Executive Vice President at Related Ross. “Leading companies are drawn here by a growing ecosystem of education, transportation, world-class healthcare, and highly amenitized workplaces where the neighborhood is the amenity. These environments are intentionally designed to inspire collaboration, enable career opportunity, and support well-being- qualities that today’s top talent values most.”

10 and 15 CityPlace

Expected to be completed in 2027, 10 and 15 CityPlace will introduce nearly one million square feet of premier office space, strategically located within Related Ross's existing 1.9-million-square-foot downtown office collection. 15 CityPlace, a 490,000-square-foot, 25-story tower designed by Miami-based Arquitectonica, a leader in bold modernism and innovative design, with interiors by Fogerty Finger, creates a new center of business gravity in CityPlace. The top five floors of the tower feature dedicated elevators granting exclusive access, private terraces, and expansive views of the Intracoastal Waterway and Palm Beach Island. The tower will include nearly 20,000 square feet of ground-floor retail and restaurant space, and a rooftop amenity level reflecting Related Ross’s commitment to enhancing community connections and the daily lifestyle of its tenants through exceptional design. 10 CityPlace, a 480,000-square-foot tower with interiors and exteriors designed by Kohn Pederson Fox, acts as a central landmarkwithin the district - offering an ultra-premium, hospitality-driven office environment. Its standout feature is an 8,000-square-foot second-level amenity floor including indoor and outdoor spaces, crafted to enhance tenant engagement and collaboration. Both towers will feature extensive landscaping, public spaces, and street-level activation to further integrate into the surrounding neighborhood.

• Cleveland Clinic: Anchoring 15 CityPlace, the Cleveland Clinic is set to open a state-of-the-art outpatient facility, significantly expanding its footprint in West Palm Beach. This cutting-edge center will offer advanced services, including chemotherapy, imaging, outpatient surgery, and a concierge medicine program, integrated closely with the Cleveland Clinic’s new 150-bed hospital campus nearby.
• Related Ross: Related Ross is expanding its downtown West Palm Beach headquarters to 15 CityPlace with a significant new lease to accommodate its growing team and expanding portfolio of developments across the region. The move underscores Related Ross’s commitment to an elevated workplace experience, leveraging 15 CityPlace’s expansive amenities, collaborative spaces, and proximity to the district’s vibrant retail and dining scene, including the newly opened Equinox.
• Other tenants at 15 CityPlace include BDO, Shutts & Bowen, Inclenberg Investments, and a financial services company.

ServiceNow: As the anchor tenant at 10 CityPlace, ServiceNow has committed to expanding its Southeast presence with a West Palm Beach-based innovation hub and AI Institute that is expected to deliver $1.8 billion economic impact and create more than 850 jobs over the next five years.

One Flagler

Completed in 2025, the 25-story waterfront Class AA+ office tower is now 95 percent leased. Designed by David Childs of Skidmore, Owings & Merrill, the building comprises 270,000 square feet, including office, ground floor retail, and a world-renowned restaurant, Estiatorio Milos by Costas Spiliadis. One Flagler’s new tenants include:

• Citizens Bank Private Client and Retail Branch: Citizens Bank expands its private wealth division with new officed at One Flagler including a retail bank along Lakeview Avenue at the base of the building. Citizens Bank is focused on a thoughtful growth strategy in the Palm Beach market by creating more client-focused banking experiences in technologically advanced branch spaces. The new office at One Flagler, led by Executive Managing Directors James B. Meany and William E. Benjamin IV, offers comprehensive full-service banking solutions.
• JP Morgan Private Wealth Management: Serving the Palm Beach community for decades, JP Morgan Private Wealth Management will open a full floor in West Palm Beach at One Flagler, in addition to its Palm Beach office, extending its personalized investment, banking, lending, and wealth planning services tailored to high-net-worth individuals and families.
• Rounding out One Flagler’s new tenants includes a New York City-based bank, Metropolitan Commercial Bank.

“One Flagler stands out as the region’s premier office destination, making it the natural choice for Citizens Bank to unify our private wealth and retail banking teams. By combining cutting-edge digital tools, hyperlocal expertise, and a people-first approach, we deliver an exceptional banking experience designed to anticipate and address every client’s need seamlessly,” said James Meany, Executive Managing Director. “With over $10 billion in new deposits in just over two years, our expansion in West Palm Beach reflects both our strong momentum and our steadfast commitment to serving both our longstanding clients and those new to the bank." 

Phillips Point

A $120 million modernization of Phillips Point is currently underway, with completion expected by the end of 2026. Reimagined by renowned architect Roger Ferris + Partners with lobby interiors by Ingrao Inc., the project will transform the 449,000-square-foot property into a dynamic waterfront, amenitized Class AA+ office destination, featuring upgraded infrastructure, a modern limestone façade, and new retail and dining along Flagler Drive. Phillips Point leasing activity includes the renewal of Gruss and Company Inc.

• New-to-market Roger Ferris + Partners has established a new South Florida presence at Phillips Point, the firm's first location outside of the Northeast following a growing concentration of work across the South Florida region.

Esperanté Corporate Center

The established Class-A office building along Lakeview Avenue will welcome the new-to-market law firm Whiteford, Taylor & Preston from Baltimore, providing a comprehensive range of business law and litigation services to clients ranging from innovative start-ups to middle-market companies to Fortune 100 enterprises. Esperante leasing activity includes the renewal of Shumway Capital.

CityPlace Tower

Related Ross’s first Class-A office tower, built in West Palm Beach in 2008, CityPlace Tower features LEED Silver certification, luxurious finishes, advanced technology, executive parking, valet service, full-service concierge, and steps from shopping, dining, and entertainment at CityPlace. Leasing activity includes:

• New-to-market, GID, a privately held, vertically integrated real estate investor, operator, developer, and fiduciary company, owns, operates, and manages a portfolio of multifamily and industrial assets.
• A renewed lease from one of New York’s most distinguished law firms, McLaughlin & Stern, established in 1898 with over 100 attorneys and offices in New York, Connecticut, and Florida.
• Seubert & Associates, Inc., a full-service insurance brokerage agency, is expanding its Florida footprint with a new lease at CityPlace Tower. Since establishing a local presence in 2021, the firm has experienced meaningful growth, serving construction, transportation, and real estate development clients through a proactive, holistic approach to risk management.