NEWS PICK-UP: Related plans new office tower at CityPlace’s north end

The Related Cos. plans to build an 18-story office building on the north end of CityPlace, a move that could boost efforts to link the West Palm Beach mixed-use center to the rest of downtown and further develop the city’s core urban district.

360 Rosemary is slated to rise at the corner of Rosemary Avenue and Evernia Street, the first in a series of steps designed to expand and update CityPlace, a shopping, dining and residential center built by Related.

The 285,000-square-foot tower will be across from Publix. The supermarket was courted for the ground floor space, but a Related official said this week that Publix is staying put at CityPlace. The office tower instead will feature another retailer.

“It’s a big building for our market,” said Neil Merin, chairman of NAI/Merin Hunter Codman in West Palm Beach.

Related tried to build another office tower next to CityPlace a few years ago, but it was unable to obtain enough tenants willing to pre-lease space in the project, dubbed Gateway Tower.

In 2014, Related pulled the Gateway Tower plan. The next year, it unveiled a different idea: The Restoration Hardware furniture gallery, which opened last year.

Merin said Related, at some point, will need to decide whether it’s going to rely on pre-leasing to clinch a decision to build 360 Rosemary, “or if they’re going to build it anyway.”

CLICK HERE to read the full article.

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EVENT: Volunteer Day at Peggy Adams

MHC REAL Leaders volunteered on Friday, March 16th at Peggy Adams Animal Rescue League in West Palm Beach. After a lovely tour by Shelter Manager, Brittni Fleming, they helped organize and clean parts of the Intake and Receiving building. Afterwards, they visited with some of the animals looking for their fur-ever homes.

Operating continuously since 1925, Peggy Adams has been positively impacting animal welfare and addressing overpopulation in Palm Beach County through a variety of services including adoption and spay/neuter programs, affordable vaccine clinic, Peggy’s Pantry and other important advocacy work.

Click here to see how you can make a difference and enjoy some pictures of the day below.

 

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NAI Global Ranked Among Top Five Commercial Real Estate Brand in the 17th Annual Lipsey Survey

NAI Global, a leading, global commercial real estate firm, earned the top four spot in the 2018 Lipsey Survey of Top 25 Commercial Real Estate Brands. The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to identify the top global brands. NAI Merin Hunter Codman based in Palm Beach County, Florida is a Member of NAI Global, serving southeast Florida.

The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry to equip organizations and their practitioners with the skills necessary to succeed in today’s competitive environment. The 2018 survey results can be found here.

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2018 PM Appreciation Day

Our Property Management and Maintenance teams had a great time watching the Red Sox vs. Marlins game at our annual PM Appreciation Day, held this year at the Roger Dean Chevrolet Stadium in Jupiter on March 9th. Ice cold drinks, delicious food and great company made it an afternoon to remember in the Cassidy Cool Zone. We appreciate all the hard work and dedication our MHC family shows each and every day and we’re happy to be able to show them our appreciation and encourage camaraderie through great, out of office events like these. Thank you to our tenacious staff for all you do to make our firm the best in Palm Beach County!

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EVENT: Honda Classic Broker Luncheon

Tacos, cold drinks, good company and the Honda Classic – what better way to spend a Friday afternoon? NAI/Merin Hunter Codman and Fairway Office Center hosted the Honda Classic Broker Luncheon, a highly anticipated annual event, on February 23rd. Guests enjoyed a delicious catered lunch while rubbing elbows with other top area brokers. After lunch, brokers are bused to the course and receive Bear Trap access.

The event showcases available space at Fairway Office Center, a 224,000 SF office park consisting of three Class-A office buildings situated on a 16-acre campus within the PGA National Resort and Spa Community. The buildings provide first-class amenities, ample parking and security. Click here for more information and to view current availability.

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EVENT: After Work Fundraiser – Christina Lambert for West Palm Beach City Commission

Neil E. Merin, SIOR CCIM, Christina Lambert, Jordan Paul

Our West Palm Beach office had the distinct pleasure of hosting an after-work fundraising reception for Christina Lambert on Monday, February 12th. Christina is running for West Palm Beach City Commissioner in the upcoming election taking place this March. Our CEO, Jordan Paul, had the great privilege of working with Mrs. Lambert when she served as the CEO of the Education Foundation of Palm Beach County.

Mr. Paul noted, “I was able to observe her energy, passion and commitment to improving our community. She is a fantastic leader who combines a strong sense of fiscal responsibility and discipline with a big heart. A combination that is unfortunately too often lacking in our government representatives these days.”

For more information on Christina Lambert’s bid for City Commissioner, please visit her website HERE and consider donating to her campaign.

 

 

 

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EVENT: 951 Yamato Road – Mardi Gras Broker Lunch

NAI/Merin Hunter Codman’s Richard Brockney and Jay Grossman welcomed the area’s top brokers to 951 Yamato on February 15th for a Mardi Gras themed lucheon, boasting the properties most recently completed spec suites and upgrades. 951 Yamato is a premier Class-A office building featuring a stunning atrium, lush interior courtyard and concierge services in the heart of Boca Raton, just 1 mile west of I-95 with a Tri-Rail shuttle stop at the building.

Guests were treated to a delicious catered lunch and enjoyed generous door prizes and raffles courtesy of Brookwood Financial Partners. The luncheon was held in one of two recently completed spec suites which are available for immediate occupancy. Several spec suites are planned for the 2nd floor of the West Tower, ranging from ±1,500-2,600 SF.  All spec suites will feature glass panel entry doors, glass walls in conference rooms, LED lighting, 3′ glass sidelights in offices, and full kitchens.

To learn more about 951’s availability feel free to call Rich at 561 394 5200 or click here. Please enjoy photos from today’s event below.

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South Florida Makes Amazon’s Top 20

Amazon has released the Top 20 potential locations to open up their second headquarters… and South Florida made the cut. Neil offered his opinion and was quoted in two different articles relating to the possible locales.

Bookie calls South Florida long shot in Amazon HQ2 contest – Palm Beach Post article
“While I’m a big booster of Palm Beach County, I think Palm Beach County is kind of like what Greenwich, Connecticut, is to New York,” Merin said. “We’re a nice suburban area. If you’re looking for transportation and people, you have to look to southern Broward or somewhere in Miami-Dade.” / CLICK HERE to read the full article.

Where are South Florida’s 8 Amazon headquarter sites? Real estate experts identify potential candidates – Sun Sentinel article
The new site also depends, in part, on whether Amazon wants to go “urban or suburban,” said Neil Merin, principal of NAI/Merin Hunter Codman, a commercial brokerage and construction management company in West Palm Beach. He said Miami-Dade has the capacity to develop 50-story buildings, while Broward would have to be “creative” with developed space, as vacant land is scarce. If Amazon’s desire is “to be interactive with Latin America,” Miami is the likely spot for the headquarters, Merin said. “But one thing that’s good about Palm Beach County is we have a lot of housing coming online,” he added. “We have approved some 15,000 new units.” / CLICK HERE to read the full article.

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