The Hollywood Planning and Development Board is scheduled to review the rezoning and site plan applications on June 9.
Cushman & Wakefield represented the bank, while Tower Commercial Real Estate represented the landlord.
A nearly one-acre site near Interstate 95 in Hollywood could be repositioned for a larger office project as BSD 23 Development LLC pursues rezoning and site plan approvals from the city.
The property at 2910 Polk Street, just north of Hollywood Boulevard, was purchased by the Aventura-based developer for $2.5 million in 2023. The site currently contains a billboard, which would be moved to the top of the planned parking garage if the project advances.
BSD 23 Development, managed by Avihu Nahari, previously submitted plans for a four-story, 61,492-square-foot office building on the site. The latest proposal is larger, calling for a six-story, 92,000-square-foot office building with a lobby cafeteria and an attached 293-space parking garage.
To move forward, the developer is requesting that the city rezone the site from the transitional core zoning district to the retail core zoning district. The application also seeks a variance to allow a five-foot front setback instead of the required 10 feet.
The Hollywood Planning and Development Board is scheduled to review the rezoning and site plan applications on June 9.
As part of the proposal, BSD 23 Development would convey a small portion of the property to the Florida Department of Transportation for use as a passive park. The project team’s application describes the building as a modern glass-forward design with an art wall façade and a ground-floor connection to green space and pedestrian walkways.
Attorney Rosemarie Bacallao and Itamar Goldenholtz of Sunrise-based Goldenholtz & Associates Architects & Planners are working with the developer on the project.
The proposal comes at a time when new office development in Broward remains limited compared with Miami-Dade and Palm Beach counties. According to Colliers’ first-quarter report, Broward had about 350,000 square feet of office space under construction, all of it in downtown Fort Lauderdale. In Hollywood, office vacancy was 9.4%, while Class A vacancy stood at 12%. Average asking rents for Class A office space in the submarket were $40.72 per square foot.
Citizens Private Bank is deepening its presence in Palm Beach County with a West Palm Beach office, adding another financial services name to a downtown market that has become increasingly attractive to private banking, wealth management and investment firms.
The bank’s West Palm Beach office is located at 190 Lakeview Ave., where Citizens says its local team provides private banking support, customized client service and access to relationship managers, private wealth managers and advisory professionals. The office operates Monday through Friday and is led locally by Regional Market Executive James B. Meany, with Augie Vulaj serving as private bank office manager.
Citizens Private Bank signed a 10-year lease for a 2,700-square-foot private banking office on the ground floor of the newly built office tower, plus 9,300 square feet of office space on the 12th floor. Move-in was earlier this month.
Cushman & Wakefield represented the bank, while Tower Commercial Real Estate represented the landlord.
The move follows Citizens Private Bank’s earlier Palm Beach expansion. In October 2025, Citizens announced the opening of its Palm Beach regional office at 400 Royal Palm Way, calling it part of a broader South Florida growth strategy driven by rising client demand. At the time, Citizens said it had added wealth teams in Palm Beach, Boca Raton and Naples over the prior year.
For West Palm Beach, the expansion is another signal that the city’s office market continues to benefit from the growth of South Florida’s financial sector. New and renovated Class A office space has helped attract firms seeking proximity to Palm Beach’s high-net-worth residents, corporate executives and family offices. One Flagler, one of the city’s most visible new office towers, has been positioned as part of the next wave of high-end downtown office development.
Citizens’ growth also reflects a broader shift in how financial institutions are serving clients in Palm Beach County. Rather than relying only on traditional branch networks, private banks are investing in relationship-driven offices designed around advisory services, wealth planning, lending, deposits and personalized client support.
Citizens Financial Group, based in Providence, Rhode Island, reported $222.7 billion in assets as of Sept. 30, 2025. The company offers retail, small business, commercial banking, lending, treasury management, wealth management, capital markets and related financial services.
For office brokers and landlords, Citizens’ expansion reinforces a key theme in the West Palm Beach market: financial services tenants continue to view the city as a strategic location for client-facing operations. As more wealth, banking and investment firms establish offices in the area, demand for well-located, high-quality office space is likely to remain closely tied to Palm Beach County’s growing role as a financial services hub.
Source: SFBJ
Hollywood Office Proposal Grows As Developer Seeks Rezoning
/in News/by SFOBA STAFFThe Hollywood Planning and Development Board is scheduled to review the rezoning and site plan applications on June 9.
Citizens Private Bank Expands West Palm Beach Presence As Wealth Firms Continue To Target Downtown
/in Done Deals, News, Trends/by SFOBA STAFFCushman & Wakefield represented the bank, while Tower Commercial Real Estate represented the landlord.