7 Proven Gatsby Unveils Plan For Palm Beach Gardens Mixed-Use Tower: A New Era for South Florida’s Business Hub: Mistakes to Avoid

A New Era for South Florida's Business Hub: Gatsby Unveils Plan For Palm Beach Gardens Mixed-Use Tower

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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDo5OTk5Mjk=”,”databaseId”:999929,”title”:”Gatsby unveils plans for Palm Beach Gardens mixed-use project”,”status”:”publish”,”slug”:”gatsby-unveils-plan-for-palm-beach-gardens-mixed-use-tower”,”uri”:”/miami/2025/11/11/gatsby-unveils-plan-for-palm-beach-gardens-mixed-use-tower/”,”link”:”https://therealdeal.com/miami/2025/11/11/gatsby-unveils-plan-for-palm-beach-gardens-mixed-use-tower/”,”dateGmt”:”2025-11-11T15:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eGatsby Florida is anticipating an influx of New York office tenants for its planned mixed-use project in Palm Beach Gardens in the wake of Zohran Mamdani’s mayoral victory.u003c/pu003enu003cpu003eMiami-based Gatsby, led by co-founder u003ca href=”/miami/2025/08/19/babak-ebrahimzadeh-sells-offices-to-george-johnnides/”u003eBabak Ebrahimzadehu003c/au003e, finalized construction plans for The Modern at Palm Beach Gardens, a 220,000-square-foot building and an adjacent six-level parking garage with 838 spaces, a press release states. The developer plans to break ground next year and expects to complete the project in 2027.u0026nbsp;u003c/pu003enu003cpu003eIn 2022, a Gatsby affiliate bought a 7-acre development site at 11200 RCA Center Drive for u003ca href=”/miami/2022/08/03/gatsby-picks-up-palm-beach-gardens-mixed-use-dev-site-for-17-5m/”u003e$17.5 millionu003c/au003e from Palm Beach Gardens-based developer Daniel Catalfumo, records show. Gatsby’s project is based on a previous site plan for Catalfumo’s PGA Tower project, which was approved by the city of Palm Beach Gardens in 2021.u003c/pu003enu003cpu003eRoughly 25 percent of The Modern at Palm Beach Gardens’ 199,000 square feet of office space is pre-leased, the release states. The building will also have 21,000 square feet of retail and restaurant space. Darryl Kaplan with Darryl R. Kaplan Company is handling leasing for the new project.u003c/pu003enu003cpu003eIn a statement, Ebrahimzadeh said leasing momentum should accelerate based on the results of the u003ca href=”/live/live-updates-nyc-election-2025/zohran-mamdani-wins-mayoral-election/”u003eNew York mayoral electionu003c/au003e. Many South Florida developers and brokers are betting that u003ca href=”/miami/2025/11/09/developers-billionaires-blast-mamdani-effect-on-miami/”u003eMamdaniu003c/au003e, a Democratic Socialist who made campaign promises for free buses and rent freezes for rent-stabilized buildings, will drive a new wave of New Yorkers to the Sunshine State’s tri-county region.u0026nbsp;u003c/pu003enu003cpu003e“The consistent corporate exodus from New York City and surrounding areas has been amplified by the recent election, increasing the urgency for firms seeking a more favorable and stable business climate,” Ebrahimzadeh said. “We’ve seen that New Yorkers prefer the established, exclusive environment of Palm Beach Gardens.”u003c/pu003enu003cpu003eRising eight stories, The Modern at Palm Beach Gardens will feature 25,000-square-foot floorplates, the release says. Retail and restaurant components will include a 10,000-square-foot fine dining venue, a 4,000-square-foot casual food and beverage space, and 7,000 square feet of quick service and retail offerings in the garage’s first floor.u0026nbsp;u003c/pu003enu003cpu003eTenant amenities will include a rooftop patio with covered seating, a wet bar, a fitness center with full-service locker rooms, and a media and conference facility.u003c/pu003enu003cpu003ePalm Beach Gardens has become a magnet for financial and professional firms relocating from higher-tax markets, Ebrahimzadeh said. Gatsby’s nearby u003ca href=”/miami/2020/09/28/divosta-family-sells-palm-beach-gardens-office-towers-for-80m/”u003eDiVosta Towersu003c/au003e is fully leased with notable tenants such as JPMorgan and Stifel Investment Banking.u0026nbsp;u003c/pu003enu003cpu003eGatsby expects The Modern at Palm Beach Gardens to attract similar demand from financial institutions, private equity firms, law firms and Fortune 500 companies drawn to the area’s quality of life and business climate, Ebrahimzadeh said.u003c/pu003enu003cpu003eGatsby’s South Florida office portfolio includes u003ca href=”/miami/2019/07/22/gatsby-enterprises-pays-126m-for-800-brickell/”u003e800 Brickellu003c/au003e in Miami, One Town Center in Boca Raton, and 550 Okeechobee in West Palm Beach.u0026nbsp;u003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Miami developer is planning eight-story building with 220K sf of retail, office and restaurant space”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-11T15:36:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eGatsby Florida is developing “The Modern at Palm Beach Gardens,” an eight-story, 220,000-square-foot mixed-use project with office, retail and restaurant space, aiming for completion in 2027.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe Miami-based developer anticipates a significant boost in leasing activity, especially from New York office tenants, attributing this projected influx to the mayoral victory of Democratic Socialist Zohran Mamdani in New York City.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe project, which is 25 percent pre-leased for its 199,000 square feet of office space, will feature 25,000-square-foot floorplates and tenant amenities such as a rooftop patio and a fitness center.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/2K39vYcaFGjiyzvAnfP8/2K39vYcaFGjiyzvAnfP8.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-1400×933.jpg 1400w, /wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-300×200.jpg 300w, /wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-700×467.jpg 700w, /wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-200×133.jpg 200w, /wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-768×512.jpg 768w, /wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-1024×683.jpg 1024w, /wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-50×33.jpg 50w, /wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eGatsby Florida’s Babak Ebrahimzadeh with a rendering of The Modern at Palm Beach Gardens at 11200 u0026#8230;u003c/pu003en”,”altText”:””,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Gatsby Florida’s Babak Ebrahimzadeh with a rendering of The Modern at Palm Beach Gardens at 11200 RCA Center Drive (Getty, Gatsby Florida, LinkedIn)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Gatsby-Palm-Beach-Gardens-50×33.jpg 50w, 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Miami-based Gatsby, led by co-founder Babak Ebrahimzadeh, finalized construction plans for The Modern at Palm Beach Gardens, a 220,000-square-foot building and an adjacent six-level parking garage with 838 spaces, a press release states. The developer plans to break ground next year and expects to complete the project in 2027.u0026nbsp; In 2022, a Gatsby affiliate bought a 7-acre development site at 11200 RCA Center Drive for $17.5 million from Palm Beach Gardens-based developer [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Steven Dilakian” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”3 minutes” /u003enu003cscript type=”application/ld+json” 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Rising eight stories, The Modern at Palm Beach Gardens will feature 25,000-square-foot floorplates, a rooftop patio with covered seating, and a media and conference facility. With pre-leased office space and retail components, Gatsby is confident in the project’s appeal to New York-based businesses seeking a more favorable business climate.

FAQ: Gatsby Unveils Plan For

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