Palm Beach Office Buildings Get Multi-Million Dollar Renovations

Gaedeke Group LLC is in the middle of a $2.5 million redressing the Northbridge Centre in West Palm Beach.
Gaedeke’s $2.5 million package includes the under-construction 5,715 square foot fitness center, representing $500,000 of the total allocation, which is to debut in September 2012. The building has also seen a $1.5 million upgrade to the elevators’ mechanical systems and cabs.
Gaedeke is also improving a 1,733-sf spec suite on the tower’s eighth floor, and a 2,356-sf spec suite, expandable to 3,545 sf, on the seventh floor.
Kirk Fetter, Vice President of Leasing in Florida for Dallas-based Gaedeke Group, is searching for a single tenant for the 35,496-sf pavilion vacancy with an opportunity of signage privileges.
As the work progresses, Gaedeke anticipates LEED Certification for Existing Buildings’ from the U.S. Green Building Council and a BOMA 360 designation for excellence in property management to go along with Northbridge Centre’s Energy Star label, first earned in 2008.

The two-building Flagler Center has recently completed a $2 million renovation.
The properties include a 90,000-square-foot office tower located at 501 S. Flagler Drive and a 155,000-square-foot tower located at 505 S. Flagler Drive in West Palm Beach.
The interior renovation included an overhaul of the lobbies with new lighting, Italian marble floors, custom artwork and contemporary furniture.
The exteriors received lush new landscaping, an updated outdoor patio area and granite bistro tables. A second $1 million renovation is planned to update the chiller plants to improve energy efficiency.

Source: CityBiz and REBusiness



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