Gilbane Building Company Celebrates the Topping Out of 300 Banyan in West Palm Beach, FL
West Palm Beach, FL – June 29, 2023 – Gilbane Building Company, Brand Atlantic Real Estate Partners, Wheelock Street Capital, and teams of skilled builders and tradespeople are proud to celebrate the topping out of 300 Banyan. This marks the completion of vertical construction on the stunning 12-story building, which boasts 115,000 square feet of Class A office space, a private outdoor terrace with breathtaking water views, an indoor/outdoor gym, and a full-service restaurant and cafe on the ground floor. With an integrated parking garage offering 300 spaces, this impressive structure is set to welcome its first tenants in 2024.
“With topping out 300 Banyan, we are one step closer to bringing world-class boutique office space to downtown West Palm Beach. With incredible water views and amenities, this project is exactly what tenants are looking for to retain and attract the best talent in one of the fastest growing markets in South Florida,” said Andrew Dance, Managing Partner at Brand Atlantic. “300 Banyan reimagines how state-of-the-art design blends with a vibrant community to create a place where employees want to work, play, and live, fully taking advantage of all that the Clematis Waterfront District has to offer.”
Rising up to twelve stories, this tower boasts a breathtaking 5,400 square foot roof terrace perched over 150 feet above sea level, as well as a 5,000 square foot amenity level featuring an indoor-outdoor gym and shaded loggia adorned with stunning installations by acclaimed artists. The office floors are equally impressive, with 20,000 square foot floor plates offering over 3,000 square feet of private terraces on every other floor, floor-to-ceiling glass windows providing panoramic water views while also being insulated for optimal energy efficiency, over 30-foot column grids, and 13’ 6” slab to slab ceiling heights. The building also boasts hands-free biometric building-access technologies. Down at street level, this tower is home to a chef-driven 10,000 square-foot restaurant and bar with a 4,200 square foot garden room, lounge, and a sidewalk café serving delicious coffee, refreshments, and light bites.
“As we continue to see tenants come to South Florida, we are excited to bring a premier office building to West Palm Beach,” said Hunter Jones, Principal of Wheelock Street Capital. This office will be highly attractive to the innovative caliber of tenants increasingly calling West Palm Beach home.”
“We take immense pride in announcing the topping out of 300 Banyan in collaboration with our esteemed partners at Brand Atlantic Real Estate Partners and Wheelock Street Capital.” Said Tom Thrasher, Florida Business Unit Leader, Gilbane Building Company. “The prestigious 300 Banyan Building in the heart of West Palm Beach is a true symbol of our combined expertise and experience. Our team is delivering a world-class facility that is sure to serve as a beacon for the community. We are delighted to be part of this incredible project and are excited for future collaborations with our esteemed partners.”
The eagerly awaited 300 Banyan marks the second phase of Brand Atlantic’s mixed-use commercial development, following the successful completion of 111 Olive. With delivery and occupancy set for early 2024, this exciting project will positivly impact the local community.
About Brand Atlantic Real Estate Partners:
Brand Atlantic (https://www.brandatlantic.com/) is a real estate investment company based in West Palm Beach, specializing in the development, acquisition, and repositioning of properties across various asset types throughout the United States. BA was founded in 2021 by Andrew Dance and Adam Demark upon a commitment to deliver long-term, high risk-adjusted returns for its investors by creating market-leading properties that each embody the vision, passion, and discipline of our exceptionally talented team. The team’s diverse and extensive skillsets include expertise across multiple property types including residential, office, hotels, resorts, restaurants, retail and land development. BA’s leadership team has successfully navigated all stages of the real estate cycle, including the workout and successful exit of stalled hotel and residential developments during the previous recession. Foundational to our growth and success, BA seeks to attract and retain exceptional real estate talent by fostering an entrepreneurial and inclusive culture that both inspires and rewards our team members.
About Wheelock Street Capital:
Wheelock Street Capital (https://wheelockst.com/) was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with over 30 years of broad real estate transaction experience across all major asset classes. Since inception, Wheelock has raised over $5 billion in capital commitments and deployed over $9 billion in total value on behalf of well-known institutional investors, focusing on real estate investment opportunities throughout the United States, in both public and private markets. Wheelock is currently deploying its seventh fund in its value-added series, Wheelock Street Real Estate Fund VII and its first perpetual life fund, Wheelock Street Long Term Value Fund. The firm may invest directly or with high quality joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings, and recapitalizations. Wheelock’s investment team benefits from extensive experience from top-tier institutional investment firms and highly regarded real estate operating companies and has produced a 15-year track record of demonstrated and consistent outperformance over industry benchmarks.
About Gilbane
Gilbane provides a full slate of construction and facilities-related services – from preconstruction services planning and integrated consulting capabilities to comprehensive construction management, general contracting, design-build, and facility management services – for clients across various markets. Founded in 1870 and still a privately held, family-owned company, Gilbane has more than 45 office locations worldwide. For more information visit: www/gilbaneco.com