The refinancing equates to roughly $566 per square foot.
The project will total nearly 360,000 square feet.
Related Ross and its investment partners have secured a $145 million refinancing for Esperanté Corporate Center, a downtown West Palm Beach office property.
The borrowing group—led by Steve Ross’ West Palm-based Related Ross and joined by JZ Capital Partners and Greenmont Group—obtained the new loan from Hudson Bay Capital Management, according to a company announcement. Eastdil Secured arranged the financing.
The 17-story Esperanté building, located at 222 Lakeview Avenue, totals 256,000 square feet and dates to 1989. The refinancing equates to roughly $566 per square foot.
The ownership team recently completed an $8 million upgrade to the property. The tower is fully leased, with a roster that includes Bank of America, Balyasny Asset Management, and Blue Sea Capital.
Ross first acquired an interest in Esperanté in 2021, early in his broader expansion strategy in downtown West Palm. The property sits next to One Flagler, Related Ross’s newly delivered office tower, and is also close to Phillips Point, the office complex Ross acquired in 2021 for $282 million.
As Hallandale Beach continues its rapid economic expansion, a new landmark is rising to redefine the professional workspace. Four West Developers has announced SQUARE Hallandale, a new eight-story Class A office and retail condominium designed to bridge the gap between high-end real estate investment and move-in-ready convenience. Located at 400 W Hallandale Beach Boulevard, the nearly 360,000-square-foot project introduces a hospitality-inspired wellness philosophy to the traditional office environment.
Alejandro Chaberman, widely recognized for his transformative development work in Hallandale Beach, is co-developing SQUARE Hallandale in partnership with Asher Abadi, Arie Abadi, and Jonathan Eisenband. Together, they have formed Four West Developers, a privately held real estate development and investment firm created specifically to deliver this landmark project.
SQUARE Hallandale emphasizes a blend of private community exclusivity and the tangible value of property ownership. The building offers a diverse range of fully finished office suites starting from $199,000, with sizes ranging from 248 to 1,766 square feet. These light-filled spaces feature flexible layouts and premium finishes, designed by internationally renowned interior designer Adriana Hoyos. For owners seeking ultimate simplicity, optional furnishing packages are available to ensure a turnkey environment built for performance.
“SQUARE Hallandale was created around the evolution of work—toward a healthier, more balanced lifestyle,” said Asher Abadi, Principal at Four West Developers. “This is a workspace designed as an asset you own, not an expense you tolerate, where wellness, productivity, design, and long-term value are intentionally aligned.”
The development features 18,000 square feet of lifestyle amenities rarely seen in commercial properties, centered on a sixth-floor terrace and indoor recovery space. Outdoor highlights include pickleball and padel courts overlooking the city, and a social lounge. To support physical well-being, the project includes a wellness sanctuary with a cold plunge pool and sauna, an indoor fitness studio, and a recovery space with a bathroom and shower.
Strategically positioned with prominent frontage along Hallandale Beach Boulevard, SQUARE provides immediate access to major arteries like I-95 and US-1, as well as proximity to the Brightline, major international airports, and seaports. The ground floor will serve as a community hub, featuring a civic plaza, landscaped seating areas, and eight retail spaces ranging from 1,515 to 2,393 square feet.
Fortune Development Sales is the project’s exclusive sales and marketing partner.
“Hallandale has long lacked a high-quality, for-sale commercial product that caters to both the savvy investor and the end-user,” said Edgardo Defortuna, President & CEO of Fortune International Group. “By combining wellness-focused infrastructure with an accessible entry point starting at $199,000, SQUARE Hallandale lowers the barrier to entry in one of South Florida’s most competitive markets, offering a unique opportunity to own a piece of the region’s commercial future.”
Beyond the physical workspace, the property is engineered for modern productivity through robust infrastructure and professional support services. Business-specific amenities include multiple conference rooms equipped with smart presentation technology, a dedicated podcast studio, a library, and shared business support areas for printing and scanning. To accommodate various business needs, climate-controlled storage units with roll-up doors are available for purchase on the fifth floor.
The building also prioritizes seamless transit and security, featuring an in-building garage with valet parking, electric vehicle charging stations, and dedicated ground-floor parking for bicycles and scooters. Tenants will benefit from lobby concierge, package and mail management, and smart access security systems throughout the premises. Ownership is structured as a condominium, giving professionals and investors the flexibility to occupy, lease, or resell while maintaining full title rights.
The SFOBA is a network of Professional Office Leasing Brokers in South Florida. Membership is by invitation only – landlord and tenant representatives are included.
Email: admin@sfoba.com
Email: admin@sfoba.com
Esperanté Corporate Center Lands $145M Refinance As Related Ross Doubles Down On West Palm
/in News/by SFOBA STAFFThe refinancing equates to roughly $566 per square foot.
Four West Developers Announces SQUARE Hallandale, First-Of-Its-Kind Wellness-Focused Office Condominium
/in News/by SFOBA STAFFThe project will total nearly 360,000 square feet.