Latest news with #RelatedRoss
USA Today
4 hours ago
- Business
- USA Today
West Palm Beach luxury condominium by Related Ross gets makeover and higher price tag
West Palm Beach luxury condominium by Related Ross gets makeover and higher price tag Welcome to The Dirt! I'm real estate, weather and critter reporter Kimberly Miller with the latest developments in the sizzling market. In the ongoing saga of Clash of Condos: A story of hating thy neighbor's guts, the latest installment features Flagler Pointe in West Palm Beach where a handful of residents are accused of "incessant complaints" and of purposefully putting their hand in wet paint to prove that there was wet paint and no one, No ONE, put up a sign declaring that there was wet paint! Wait, what? Two things; someone put their hand in wet paint to prove that there was no sign that said wet paint? And, look, this is South Florida, our regional past time is complaining. We literally have PhD's in complaining. The International Olympic Committee once considered having a complaining competition but decided it was unfair because, well, South Florida would win gold every frickin' time. Anyway, there's been some name calling and a threat of a lawsuit. Sounds like a fun place to live right now. Keep your popcorn handy for this one. In other real estate-related news, celebrity chef Guy Fieri sold his Lake Worth Beach home after a few price reductions, Related Ross is redesigning its Shorecrest condominium to cater to higher-end buyers, West Palm Beach's Historic Preservation Board has run afoul of Mayor Keith James because who hasn't, and check out senior business reporter Alexandra Clough's extensive investigation into financial concerns at MorseLife. Celebrity chef Guy Fieri gets less than he hoped for in Lake Worth Beach home sale Guy Fieri sold his Lake Worth Beach home earlier this year for $7 million, which is less than the $8.75 million he had originally listed it for but not bad considering he paid $3.9 million for the waterfront property in March 2021 and so no one feels all that bad about it. But here's the big question — at what point is Guy Fieri so ubiquitous in Palm Beach County that his every move is no longer news? I'm not knocking the popularity. Afterall, my name is Kimberly Miller and I'm a recovering (totally addicted except for "The Valley" snoozefest) reality TV fan, so I've got no room to knock. But I would think Taylor Swift would be sucking some of the air out of his local celebrity ascendency as of late. Shorecrest condominium by Related Ross gets redesigned, again If you haven't heard, some folks are a tad queasy with the state of the economy/country/world/Starbucks discontinuation of the Iced Matcha Lemonade, and are in wait-and-see mode on buying pricey condos. But not very rich folks, nope, no sir. The very wealthy are still in the game and Related Ross has redesigned Shorecrest condominium with them in mind. This is the third makeover for Shorecrest, which has settled at building 100 units in its most recent iteration, which is down from 199. The starting price is $2.7 million, which is up from the original target of $1 million, which was totally doable of course. West Palm historic preservation board gets the smack down from the city commission West Palm Beach's Historic Preservation Board is no omnipotent superpower like the Town of Palm Beach's Architectural Review Commission, which rules with a golden compass that few dare challenge for fear of getting literally voted off the island. No, West Palm's board mostly flies under the radar, until last month. When it put the kibosh on erecting a prefabricated home in the city's Historic Northwest neighborhood, Mayor Keith James called the decision "nonsensical" because the community, while historic, needs inexpensive homes now. Like yesterday. And they don't have to be Bahamian vernacular or bungalow craftsman. Contemporary high school portable classroom will do just fine, thank you very much. Live lightly. Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@ Help support our local journalism, subscribe today.
Yahoo
16-04-2025
- Automotive
- Yahoo
Guident Pioneers the Future of Urban Mobility
West Palm Beach, FL, April 16, 2025 (GLOBE NEWSWIRE) -- Guident announces the launch of an autonomous vehicle pilot program that revolutionizes urban public transportation in downtown West Palm Beach. In collaboration with Related Ross, Circuit Transit, and Auve Tech, the project provides a 0.9-mile public transportation route, advancing a vision for smarter and more sustainable mobility. Jessica Keller, West Palm Beach Transportation and Mobility Manager, added, 'The City of West Palm Beach is pleased to be the site for this urban transportation pilot that will showcase innovation in tackling evolving transportation challenges.' Guident and its strategic partner, Estonia-based Auve Tech, are debuting the MiCa, a Level 4 fully autonomous electric shuttle, in its first U.S. deployment. Already operating in several European and Asian countries, MiCa navigates complex urban environments without human intervention. This program aims to collect real-world data, improve safety, and redefine smart, sustainable transit. 'Launching the MiCa pilot in West Palm Beach represents a significant leap forward in autonomous technology,' said Harald Braun, Chairman and CEO of Guident. 'Our collaboration with our esteemed partners underlines a shared vision: to create a safer, more efficient, and connected urban future.' Related Ross is participating in the public-private partnership as it seeks to build a pedestrian-friendly and accessible downtown environment. The real-estate developer is also exploring technology to reduce road congestion, a nationwide issue, as part of its dedication to smart infrastructure and its goal to help shape West Palm Beach into the country's model city. "The future of downtown West Palm Beach hinges on our ability to create spaces that seamlessly connect people with their environment," said Jordan Rathlev, Executive Senior Vice President at Related Ross. 'Integrating mobility solutions like the MiCa pilot lays the groundwork for a more vibrant, accessible downtown.' Integrating advanced autonomy into West Palm Beach transit marks a transformative step, setting new standards for safety and efficiency in public transportation. Alex Esposito, the CEO of Circuit Transit, said 'As a resident of West Palm Beach, it's great to see the City on the forefront of mobility innovation during this time of rapid growth. As a co-founder at Circuit, which currently operates the City (rideWPB) and DDA's downtown services, joining this AV project is a natural and exciting step as we look to continue innovating and expanding our offerings.' Route & Real Time InformationThe route map, real time service location and arrival information are available to anyone on the web at Riders can also use the Transit app to find route and arrival information on the go. Thanks to WPBgo's sponsored Royale access, Palm Beach County riders can make the best of their commute with all the app's features. About GuidentGuident brings cutting-edge technology to market to enhance the safety, efficiency, and functionality of autonomous vehicles and ground-based surveillance and inspection robots. Utilizing proprietary IP and software applications, Guident offers advanced solutions for remote monitor and control. To learn more, visit Guident's website at About Related Ross Led by visionary developer Stephen Ross, Related Ross is a fully integrated real estate firm with unparalleled expertise in mixed-use development. For more than 25 years, Related has led the transformation of West Palm Beach into one of the nation's fastest-growing cities to live, work, and visit. Related Ross leads the market in Class A office with over 2.8M square feet of existing commercial holdings built and under construction. Known for luxury residential buildings, Related Ross is introducing a new class of rentals and condos to the market, including The Laurel and South Flagler House. The company also developed and owns the most celebrated destinations in the region including CityPlace – the most visited neighborhood in the City, fostering culture and enriching 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, educational programming and modern residences; as well as Hilton West Palm Beach, RH West Palm and the historic Harriet Himmel Theater. For more information about Related Ross, please visit About Circuit Transit Circuit is an innovative electric shuttle company, dedicated to making communities more sustainable, livable, and connected. Operating in CA, DC, FL, MA, NY, NJ, TX and WA, Circuit offers on-demand solutions that have provided over 10 million eco-friendly rides without traveling more than a few miles. Addressing the vital first/last-mile gap, Circuit bridges urban connectivity divides through partnerships with municipalities, developers, and advertising partners The service enhances local jobs, community engagement, and brand connections, all while reducing congestion. Discover more and learn how to catch a ride at where innovation and sustainability converge to redefine the last mile. About Auve Tech Auve Tech designs and manufactures compact autonomous shuttles, proven on public roads worldwide. We enable cities, developers, and mobility partners to deploy and manage reliable fleets with expert support. MiCa is an 8-seater autonomous shuttle that has been developed and produced in Estonia. In addition to Japan, MiCa shuttles have operated in Finland, Germany, the United States and several countries in the Middle East. For more information or media inquiries, please contact: Skyline Corporate Communications Group Scott Powell scott@ Guident Communications Harald Braun hbraun@ Related Ross Julia Verlaine jverlaine@ Auve Tech Silver Sign in to access your portfolio
Yahoo
21-03-2025
- Entertainment
- Yahoo
Is an indoor entertainment venue, bigger than the Kravis Center, coming to West Palm?
Related Ross is helping craft a deal between Live Nation and Palm Beach County to build an indoor entertainment venue in West Palm Beach, said Ken Himmel, president of Related Ross. Himmel would not discuss specifics except to say Related is helping work a deal between the company and the county to build an enclosed, 3,000-seat venue on county-owned land next to a courthouse parking garage on Banyan Boulevard in West Palm Beach. The concert venue would be larger than the Raymond F. Kravis Center for the Performing Arts' Dreyfoos Hall, which seats 2,000. A formal submission to the county will be submitted in about 30 days, Himmel said March 12. Also, a music festival known as the Palm Tree Festival is slated to make an appearance in West Palm Beach in the coming year, said Himmel. The outdoor music event rotates venues and just finished a performance in Aspen, Colorado. More details are expected soon. Stay up to date on South Florida's sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers. Alexandra Clough is a business writer at The Palm Beach Post. You can reach her at aclough@ X: @acloughpbp. Help support our journalism. Subscribe today. This article originally appeared on Palm Beach Post: Is an indoor entertainment venue coming to West Palm Beach?
Yahoo
20-03-2025
- Business
- Yahoo
Billionaire West Palm developer not worried about economy fears: 'I feel very optimistic'
Stephen Ross, billionaire developer and owner of the Miami Dolphins, who is investing heavily in the rebirth of downtown West Palm Beach, among other projects, recently waved off worries about the economy, tariffs or market instability. President Donald Trump's tariff wars with Canada, China and Mexico are roiling the markets and already leading to price hikes on commodities and consumer goods. Recently, former U.S. Treasury Secretary Lawrence Summers warned there was a "real possibility" of a recession. "I think everybody long-term recognizes where we're going and what we are as a country," Ross said after a March 12 groundbreaking of the company's newest planned office towers, 10 and 15 CityPlace. "I think Palm Beach is going to be a leader long-term. So, I feel very optimistic even though we may have some short-term instability." But Ken Himmel, president of Related Ross, acknowledged concerns about the current and future economic forecast. On the topic of tariffs, Himmel said that Related Ross already entered into contracts for guaranteed prices from subcontractors on 90% of the 10 and 15 CityPlace office towers. For another project, the twin-tower south Flagler House condominium being built along South Flagler Drive, Related Ross locked down prices on 70% of the project, and 90% of what would be subject to tariffs. "We have no tariff exposure," Himmel said. But Himmel acknowledged concerns about the economy's uncertain future. Growth plans by corporate executives "definitely are going to be in question more today than they would have been a year ago. I'm sure this is going to have some impact on some people," Himmel said. But Himmel thinks that economic declines will have limited effects on Related Ross' roster of new tenants. This is because these tenants are in the healthcare field "and health care is not going away," as well as the still-growing finance and wealth management fields. "As long as people keep moving here, which they are, that will keep fueling growth in these sectors," he said. Stay up to date on South Florida's sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers. Alexandra Clough is a business writer at The Palm Beach Post. You can reach her at aclough@ X: @acloughpbp. Help support our journalism. Subscribe today. This article originally appeared on Palm Beach Post: Billionaire West Palm developer Stephen Ross not worried about economy
Yahoo
19-03-2025
- Business
- Yahoo
These major changes are coming to downtown West Palm Beach's CityPlace
Stephen Ross, chairman of Related Ross, said he is working to transform West Palm Beach into a model city that will be in "the most important county in the United States." To get there, Ross will continue to upgrade downtown's CityPlace, a massive mixed-use project that changed downtown when it opened in October 1999. New developments were shared by officials after March 12 groundbreaking of the company's newest planned office towers, 10 and 15 CityPlace, at Rosemary Avenue and Hibiscus Street. Ross, also owner of the Miami Dolphins, said: "We are doing everything we can to bring all the amenities and activities needed to sustain the growth we're looking at today." Some of those include: ∎ Related Ross development company is hoping to strike a deal with Publix to build a new West Palm Beach grocery store that would be nearly double the size of an existing store at CityPlace. ∎ More restaurants and furniture stores will take space at CityPlace. ∎ The opening of the Eataly Italian Market in the historic Harriet Himmel Theater this year. More: The Square complex in West Palm Beach reverts to its former, beloved name: CityPlace The 15 CityPlace tower, and a companion tower next door dubbed 10 CityPlace, will add 1 million square feet of office space to the downtown when completed in 2027. Some 4,700 employees could work in the towers when they are fully occupied, said Ken Himmel, president of Related Ross. The 25-story, 500,000-square-foot 15 CityPlace tower is 60% pre-leased to office tenants, officials said. More: West Palm's new office tower One Flagler opens as Related Ross works on other projects Among the building's many perks is a 6,000-square-foot rooftop amenity deck, said the tower's architect, Bernardo Fort Brescia, co-founder of Arquitectonica. These tenants included the previously announced Cleveland Clinic Florida medical offices, which will total 120,000 square feet. They also include two newly revealed tenants: Shutts & Bowen, Related Ross' law firm and a current tenant of another office building owned by Ross; and Inclenberg Investments, a private real estate investment firm with an office in Palm Beach. The size of these office leases was not disclosed. As for a larger Publix, Himmel said talks with the Lakeland-based grocery chain still are underway, and Related Ross needs to buy one additional piece of property for a new, larger store. The new store would be built at the northwest corner of Banyan Boulevard and Rosemary Avenue, a few blocks north of the current Publix store at Fern Street and Rosemary Avenue. Talks have been ongoing with Publix for five years, Himmel acknowledged, but the grocery chain previously backed away from opening a larger store at CityPlace. However, in the past couple of years, with the surge in the city's population and upgrades being made to the CityPlace district, a bigger store once again is a possibility, he said. The $45 million Eataly market will feature 30,000 square of interior space, plus outside seating. The market is being built in the historic Harriet Himmel Theater. Mayor Keith James, who attended the groundbreaking, said Eataly will attract further interest in the city. "You want something that will bring people from all over the county, maybe all over the region, and I think Eataly will be a great draw," James said. Himmel said Eataly also is a draw for restaurants hoping to get spillover business from the foot traffic and customers who visit the food hall. In fact, more than half a dozen restaurants are slated to be built at CityPlace in the next few years, Himmel said. Among them is Moxie's, a Canada-based chain that does $17 million a year in revenue at each of its two other locations in South Florida. In addition, a restaurant will be built inside the cottage that once housed the former Hibiscus House Bed & Breakfast, a property that Related Ross now owns. Home furnishings are an important element, too, in the CityPlace retail lineup. Perigold, part of the Wayfair furniture company, will open at the end of the year, and Crate & Barrel will open at CityPlace, too, joining West Elm at the center. As for the existing RH store on Okeechobee Boulevard, just south of CityPlace, that store does more than $80 million in volume, the third busiest store in the company's chain, Himmel said. Stay up to date on South Florida's sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers. Alexandra Clough is a business writer at The Palm Beach Post. You can reach her at aclough@ X: @acloughpbp. Help support our journalism. Subscribe today. This article originally appeared on Palm Beach Post: These major changes are coming to downtown West Palm Beach's CityPlace
