01
THE SQUARE
02
RETAIL
03
RESTAURANT
250 North Olive Avenue
Ground floor retail/office space available on Olive and Banyan. 80' deep bays on Olive and a service corridor leading to a service court provide easy access for a grocer or food market concept on Olive, while shallower 40' bays on Banyan are ideal for smaller service tenants.
Olive Retail/Office
2,837 RSF, not divisible
(77'-11" bay depths with 18'-10"floor to deck)
Banyan Retail/Office
LEASED
(37-'9" bay depths with 10'-6" floor to deck)
Base Rent
$40 NNN per rentable square foot per year, subject to annual 5% increases.
Operating Expenses
Estimated at $11.80 per rentable square foot for 2020, inclusive of CAM, property taxes, property management, and insurance. Utilities and trash paid by Tenant.
Improvements
The premises are offered "AS IS" (Dark shell).
Improvement Allowance
Landlord will provide tenant an improvement allowance of $58 per RSF over Dark Shell.
Lease Term
Five (5) to ten (10) years.
Security
On-site security.
Life Safety
Building is equipped with sprinkler systems, fully automated fire safety system and extinguishers. Building to be designated a non-smoking facility.
Amenities
Mixed-use project containing: luxury apartments, Marriott Autograph Collection Hotel, restaurant, active waterfront park.
Parking
Project contains both surface parking and a 483 car garage parking. In addition, a 400 car public parking garage is across Banyan Blvd. immediately south of project.
Completion
First Quarter, 2020
Developer
Woodfield Investments / Navarro Lowrey, Inc.
Architect
Spina O'Rourke + Partners
Contractor
Stiles Construction
Location
Banyan Blvd. and Olive Avenue
Downtown, West Palm Beach, FL
Location
Leasing Agent
Navarro Lowrey Properties, Inc.
185 Banyan Boulevard
Unique two story "boutique" offering with rooftop observation deck overlooking beautifully appointed, active square and City Marina.
6,409 RSF Second Floor Office/Retail
Divisible to 1,000 RSF
Base rent
$55.00 NNN per rentable square foot per year, subject to annual 5% increases.
Operating Expenses
Estimated at $12.75 per rentable square foot for 2019, inclusive of CAM, property taxes, property management and insurance. Tenant electric and janitorial services paid by Tenant.
Improvements
$60 per RSF over Building Shell. Building Shell is comprised of the basic minimum enclosure of the Building consisting of the foundation and floors, structural framework, roof coverings, exterior walls and exterior doors and windows, fire sprinkler systems, electrical power stubs, plumbing system stubs, but excluding all Tenant Improvements.
Lease Term
Minimum five (5) years.
Prime central downtown location across from the City Marina, one block from Clematis Street with easy access to Palm Beach Marina and park views.
Highly-amenitized address with a 208 room Autograph Collection Hotel, restaurant, retail, 251 luxury apartments and 483 car parking garage. Build-to-suit tenant improvements.
"Large Missile" floor to ceiling, high-impact exterior window glazing system.
Second floor: 12'-0" clear height to structure. 10'-0" to finished ceiling.
Completion
Third Quarter, 2019.
Developer
Navarro Lowrey Waterfront, LLC, a Navarro Lowrey Company
Architect
Glidden Spina Partners
Contractor
Anderson-Moore Construction
Location
Banyan Blvd. and Flagler Drive
Downtown, West Palm Beach, FL
Location
Leasing Agent
Navarro Lowrey Properties, Inc.