PGA Tower. Rendering courtesy of TCRE
Gatsby Florida has tapped TCRE because the unique leasing agent of PGA Tower, an upcoming Class A workplace constructing throughout the PGA Station enterprise hub in Palm Seaside Gardens, Fla. The proprietor will break floor on the event within the second quarter of this yr, with opening slated for the fourth quarter of 2024.
Gatsby Florida picked up the asset in August 2022, for greater than $17 million, as revealed by South Florida Enterprise Journal. TCRE President Jon Blunk, Govt Director Laurel Oswald, Senior Managing Director Constance Thomas and Senior Vice President Cristina Glaria might be overseeing the leasing exercise on the 200,000-square-foot undertaking.
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The eight-story workplace constructing will function an array of facilities, together with quick-serve eating places, shops and a health heart. A convention heart, a rooftop patio and 838 coated storage parking spots with EV charging stations can even be out there for tenants on the property.
A location to draw at present’s workplace tenants
To take form at 11200 RCA Middle Drive, PGA Tower will span 7 acres close to the intersection of PGA and RCA boulevards, providing connectivity to Interstate 95, Florida’s Turnpike and PGA Nationwide Golf Membership. The PGA Stations enterprise campus is dwelling to a wide range of eating and retail locations, together with Legacy Place, The Gardens Mall and Downtown on the Gardens.
Palm Seaside Gardens is dwelling to a rising variety of engineering and know-how companies. 13 schools and universities, in addition to vital analysis establishments are situated throughout the county. West Palm Seaside downtown’s and the Palm Seaside Worldwide Airport’s proximity are additionally among the many benefits of the businesses primarily based in Palm Seaside Gardens.
As of the top of January 2023, Miami had an workplace emptiness fee of 11.7 %, as reported by CommercialEdge. The identical supply additionally signifies that 2.2 million sq. toes of workplace area was beneath development within the metro throughout at that time, representing 3.1 % of complete inventory.
