West Palm Beach

West Palm Beach

Downtown West Palm Beach has celebrated the fifth anniversary of their “Clematis By Night”, the weekly downtown event and fountain side concert series. Rending Company negotiated a $2 million purchase of a 1.32-acre parcel downtown from Dixie Partnership Limited. The property was sold in 1995 for $944,000, and is slated for development as a five-story office building. Housing in downtown is increasing with 53 CityPlace townhomes sold within twelve days, and rental units 25 percent leased. Renaissance Partners’ Waterfront Clematis office space is already 60 percent leased, slated for completion in October 2000. Several projects are on the table to connect the Clematis Street District with CityPlace as well. The Rosemary Streetscape Project and trolley are already underway, and now a residential community containing 400 market-rate rental apartments with ground floor commercial space is being considered. BAP Development, Inc., is preparing to develop the $50 million project. The US Post Office will need to relocate or be housed within the new development. Finally, the North American Corporate Games will be held in Downtown West Palm Beach October 27-29. This is a global corporate sports competition expected to draw 3-5,000 participants to downtown and other host sites in Palm Beach County.