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February 19.2025

2 Minutes Read

Dramatic $100 Million Upgrade for Phillips Point Office Tower in West Palm Beach

West Palm Beach office tower renovation with palm trees.

Iconic West Palm Beach Office Tower Gets Modern Makeover

In a move set to reshape the West Palm Beach skyline, Related Ross has initiated a stunning $100 million renovation of the Phillips Point complex. With its distinctive pink exterior, the twin-tower property has stood proudly since 1985. However, in an effort to modernize and maintain its relevance, the complex will be receiving a striking new limestone facade. This transformation kicked off on Valentine's Day and is expected to be completed in phases by 2026, ensuring minimal disruption to current tenants.

A Renovation Targeting Sustainability and Modern Needs

This substantial renovation project, designed by Roger Ferris + Architects, isn’t merely cosmetic. The upgrades include new energy-efficient windows that adhere to current standards, revamped lobbies crafted by renowned designer Tony Ingrao, and significant infrastructure enhancements. The decision to replace the iconic pink facade reflects a broader trend in office real estate where technology and aesthetics go hand-in-hand in meeting the evolving needs of businesses.

Maintaining Economic Significance Along the Waterfront

Jordan Rathlev, senior vice president of Related Ross, emphasized that this project aims to preserve Phillips Point's status as a premier office destination along the West Palm Beach waterfront. “We are enhancing its appeal to meet the evolving needs of today's businesses while fostering a dynamic and innovative work environment,” he stated. By retaining key restaurants like Field of Greens and Morton's during renovations, Related Ross ensures the complex continues to serve both tenants and the community.

Implications for West Palm’s Real Estate Landscape

As new companies relocate to West Palm, the demand for modern office spaces rich in amenities is rising. This move is indicative of the city's transformation into a business hub, attracting talent and investment. Local residents can expect Phillips Point to not only retain its historical significance but to flourish as a dynamic center for business in the coming years.

With this ambitious renovation, Related Ross is not only committing to the aesthetic revitalization of Phillips Point but also reinforcing West Palm Beach's position on the commercial real estate map.

Florida News

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Dramatic $100 Million Upgrade for Phillips Point Office Tower in West Palm Beach

Iconic West Palm Beach Office Tower Gets Modern Makeover

A Renovation Targeting Sustainability and Modern Needs

Maintaining Economic Significance Along the Waterfront

Implications for West Palm’s Real Estate Landscape

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