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Metropolitan Commercial Bank Adds West Palm Beach To Its South Florida Expansion

April 27, 2026/in Done Deals, News/by SFOBA STAFF

In a region where capital relationships matter, the bank’s expansion signals that West Palm Beach is no longer just benefiting from spillover growth. It is becoming a banking and business destination in its own right.

Office Space Planned For Royal Palm Beach

April 21, 2026/in Done Deals, News/by SFOBA STAFF

The master-planned development will also include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retail, and a 125-key lifestyle hotel.

Metropolitan Commercial Bank Adds West Palm Beach To Its South Florida Expansion

April 27, 2026/in Done Deals, News/by SFOBA STAFF

Office Space Planned For Royal Palm Beach

April 21, 2026/in Done Deals, News/by SFOBA STAFF

The master-planned development will also include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retail, and a 125-key lifestyle hotel.

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Metropolitan Commercial Bank Adds West Palm Beach To Its South Florida Expansion

April 27, 2026/in Done Deals, News/by SFOBA STAFF

Metropolitan Commercial Bank is expanding its South Florida footprint with a new West Palm Beach location planned for Related Ross’ One Flagler office tower.

The New York-based commercial bank already has a Miami presence, and the West Palm Beach office is expected to open in June 2026, according to company announcements. The move gives the bank a second South Florida location and places it in one of the region’s most closely watched office markets.

The expansion comes as West Palm Beach continues to attract financial services firms, private wealth operations and other business tenants seeking proximity to Palm Beach’s growing base of executives, investors and high-net-worth clients. One Flagler, a 270,000-square-foot Class A office tower completed by Related Ross, has become a key landing spot for that trend. Other tenants tied to the building include financial and investment firms, along with high-end restaurant space on the ground floor.

For Metropolitan Commercial Bank, the West Palm Beach opening appears to be part of a broader Florida strategy. The bank recently added Jessica Raffo as Vice President and Director of Association Banking for Florida, a role focused on expanding relationships and lending activity in the condominium and homeowner association sector. Raffo is expected to work with teams in Miami and West Palm Beach as the bank grows its platform statewide.

The timing is notable. South Florida’s banking and finance landscape has become increasingly competitive as firms follow capital, population growth and corporate relocations into the region. West Palm Beach, in particular, has gained momentum as an office market because it offers access to Palm Beach wealth while remaining part of a larger tri-county business corridor.

The new banking center also adds another name to the tenant roster at One Flagler, further validating Related Ross’ bet that downtown West Palm Beach can support top-tier office space. For local businesses, developers, associations and property managers, Metropolitan Commercial Bank’s arrival could mean more competition among lenders and more specialized banking options in the market.

Office Space Planned For Royal Palm Beach

April 21, 2026/in Done Deals, News/by SFOBA STAFF

Concord Wilshire Capital announced the successful closing of its acquisition of a 43-acre development site located at the intersection of SR-7 and Southern Boulevard in Royal Palm Beach formerly known as Tuttle Royale.

With the acquisition now complete, Concord Wilshire is advancing plans for the transformation of the property into a premier, institutional-quality mixed-use destination that will serve as a central hub for residential living, retail activity, and community engagement in one of Palm Beach’s most dynamic growth corridors.

The master-planned development, will include:

an approximately 82,875-square-foot office building
401 multifamily residences
approximately 426,764 square feet of essential and service-oriented retail
a 125-key lifestyle hotel
an activated park plaza with public spaces, sculpture garden and experiential amenities

Designed with a strong emphasis on placemaking and long-term value creation, the development will feature a highly curated mix of uses, including an activated park plaza with amphitheater capabilities, a canal-front linear park and sculpture garden, a pedestrian-oriented retail promenade with immersive water features, and a rooftop amenity environment anchored by resort-style programming.

“This closing represents a defining milestone for Concord Wilshire and marks the transition of this project from vision to execution,” said Nate Sirang, President of Concord Wilshire.

“We are now fully engaged in delivering a thoughtfully designed, mixed-use community that will create a true sense of place, generate meaningful economic activity, and serve as a long-term asset for Royal Palm Beach and the broader region,” said Bromley Kelly, Managing Director of Construction of Concord Wilshire.

Site activation will be underway soon, with initial mobilization activities coming soon, following receipt of all required permits. These early-stage efforts reflect the company’s commitment to maintaining forward momentum and executing the development in a disciplined and timely manner.

As Concord Wilshire advances the next phase of development, the company is actively engaging with best-in-class multifamily developers, retail operators, and strategic partners to bring the full vision of the development to life.

“The scale, location, and design of this project present a unique opportunity for premier partners to participate in a landmark development within Palm Beach County,” added Kelly. “We look forward to aligning with groups that share our commitment to quality, execution, and long-term value creation.”

The redevelopment of the property is expected to serve as a significant economic catalyst, generating construction and permanent jobs, enhancing the local tax base, and supporting the continued evolution of Royal Palm Beach as a destination for both residents and businesses.

“This project reflects the strength of public-private collaboration and the City’s long-term vision for responsible growth,” said Jennifer Vail, Director of Engineering and Planning of Concord Wilshire. “We are proud to help bring forward a development that will elevate the character of the community while delivering lasting economic and social benefits.”

Concord Wilshire will announce additional details in the coming months, including the formal rebranding of the development and announcements of key residential and retail development partners.

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Metropolitan Commercial Bank Adds West Palm Beach To Its South Florida Expansion

Office Space Planned For Royal Palm Beach

Metropolitan Commercial Bank Adds West Palm Beach To Its South Florida Expansion

Office Space Planned For Royal Palm Beach

Full Sized Blog Element (Big Preview Pic)

Metropolitan Commercial Bank Adds West Palm Beach To Its South Florida Expansion

Office Space Planned For Royal Palm Beach

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