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Related Companies Celebrates Groundbreaking of One Flagler and Completion of 360 Rosemary

Transformative Class-A Office Buildings Accelerate the Rise of Downtown West Palm Beach as a Leading Global Financial Center Internationally Acclaimed Restaurant Estiatorio Milos and Prominent Financial Firms Siris Capital and First Republic Bank Announced as First Tenants of One Flagler

West Palm Beach, FL – November 12, 2021 – Related Companies today broke ground on One Flagler, a new 25-story, 275,00 square foot Class-A office building that will extend the Flagler waterfront greenbelt with 1.25 acres of green space, and commemorated the completion of 360 Rosemary, a 20-story 300,000 square foot Class A office building at the heart of the central business district. Together, these state-of-the-art office towers continue catapulting Downtown West Palm Beach into a world-class financial hub attracting industry leading global corporations to the City.

One Flagler, designed by renowned architect David Childs of Skidmore, Owings & Merrill LLP, is set to redefine the workplace through its novel design, cutting-edge infrastructure, thoughtfully considered amenities and services. Infusing the city’s world-class architecture with its public spaces, Related will preserve the adjacent First Church of Christ Scientist in perpetuity, designed by African-American architect, Julian Abele, in 1928 and considered one of the most architecturally significant buildings in all of Palm Beach County. Honoring Abele’s legacy, Related will name its nearly one acre, publicly-accessible park after the supremely talented architect.

When completed in 2023, One Flagler will anchor West Palm Beach’s Okeechobee Business District and the Flagler Financial District, a revolutionary public private partnership led by West Palm Beach City to pave the way for the city’s exponential growth.

“The City of West Palm Beach is experiencing unprecedented growth, investment and interest. We are gratified by the momentum that the City and our financial district are gaining among the world’s financial elite and proud that Related is using this moment to honor the renowned African American Julian Abele who left an enduring architectural legacy in our community,” said Mayor Keith James. “Through the continued collaboration between our public and private sectors, we will achieve ever-greater economic and cultural milestones benefiting all who live, work and visit West Palm Beach.”

“Downtown West Palm Beach has emerged as the center of commerce in the Southeast and a national model for inclusive growth, drawing world-class firms to its unparalleled year-round lifestyle,” said Stephen Ross. “We are proud to have been part of this transformation – and look forward to helping write the continued growth story of this incredible city.”

“Downtown West Palm Beach has become a cultural and commercial crosswords of the world’s elite workforce, leading consumer brands, renowned chefs and iconic expressions of public art,” said Ken Himmel, CEO of Related Urban. “We’re designing the next generation of office buildings to not only be exceptional places to work, but pillars of this dynamic urban center with great public spaces and restaurants that energize the entire community.”

Estiatorio Milos

The best in class development will be home to celebrated Chef Costas Spiliadis’ Greek seafood dining experience, Estiatorio Milos. Costas Spiliadis, chef and owner, has been the champion of Greek cuisine and culture around the world for the past forty years. Standing on pillars of uncompromising standards of quality and hospitality, the exquisite dining experience coming to One Flagler in 2023 features fish and seafood flown fresh directly from the Greek islands each day.

Milos’ West Palm location is a contemporary interpretation of the Greek landscape with indoor and outdoor flowing spaces that will be built on principles of simplicity, elegance, and harmony, while integrating an abundance of lush landscaping, natural light and a balanced use of stone, wood, Pentelikon marble and Dinesen heart-oak planks.

“I’m delighted to bring Milos to a beautiful new home in West Palm at One Flagler,” said Costas Spiliadis. “Here we will build on the relationships that we have established with our Miami restaurant over the past ten years. Milos and Related have a partnership that will be further strengthened with this amazing new property.”

One Flagler Inaugural Corporate Tenants

Further cementing Downtown West Palm Beach as South Florida’s premiere destination for commerce, One Flagler will be home to leading financial firms including First Republic Bank and Siris Capital, a private equity firm currently taking space at Phillips Point.

Category Defying Workplaces in South Florida

LEED Gold-anticipated One Flagler will feature offer 275,000 square feet of office, restaurant, roof terraces, reading room open to both the public and members of First Church of Christ Scientist, living green wall adorning its parking garage and 1.25 acres of green space extending the waterfront greenbelt. Further commemorating Abele’s mark on artistic ingenuity in West Palm Beach, One Flagler will also feature prominent artwork by a world-renowned artist of color.

Situated within walking distance of One Flagler lies Rosemary Square, the catalyst that has transformed downtown West Palm into a thriving lifestyle destination, which was also developed by Related Companies in 2000. The 72-acre open-air complex features street-front specialty retail shops, a distinguished collection of restaurants, world-class public art, and a central plaza with a distinctive water feature where dancing fountains fill the Florida skyline.

Less than a mile from One Flagler is 360 Rosemary, designed by Elkus Manfredi Architects and Leo A. Daly, is a just completed, fully-leased 300,000-square-foot LEED Gold-anticipated office building with 10,000 square feet of outdoor space and wellness amenities on the north end of Rosemary Square. The building’s world-class roster of tenants include Point 72, Lewis, Longman & Walker, Comvest Partners and Norwest Equity Partners.

For more information on One Flagler, please visit www.relatedsoutheast.com/office/one-flagler.

For more information in 360 Rosemary, please visit: www.relatedsoutheast.com/office/360-rosemary.

ABOUT RELATED SOUTHEAST

Headquartered in the heart of rapidly expanding Downtown West Palm, Related Southeast is Related Companies’ locally based, global real estate and lifestyle company that has redeveloped Downtown West Palm into one of the nation’s fastest growing commercial, retail, culinary, art and tourism destinations. Related Southeast’s portfolio includes: market leading Class A office with 360 Rosemary, CityPlace Tower, Esperanté, Phillips Point and the forthcoming One Flagler; the celebrated restaurants and shops situated within The Square, a 72-acre lifestyle neighborhood; Hilton West Palm Beach; RH West Palm; and the historic Harriett Himmel Theater. The dynamic neighborhood built for all to enjoy has recently undergone a $550 million transformation designed to foster culture and enrich the community with lush green spaces; a diverse mix of experiential retail and culinary offerings; the largest concentration of public art installed by a private company in Palm Beach County, featuring renowned artists such as Yinka Shonibare, CBE and Jeppe Hein; rich cultural and educational programming and modern luxury residences. For more information about Related Southeast, please visit www.relatedsoutheast.com.