A new three-story office building is going up as the final phase of the Mirasol Town Square in Palm Beach Gardens. This office building will be the seventh building at the property located near the PGA Boulevard exit of Florida's Turnpike. Built by John C Bills Properties, this 46,000 square-foot office at 11400 N. Jog Rd. will be asking $21 a square foot and is projected to be completed November 2018.
In addition, there are nearly 112,000 ft.² of offices under construction in the Palm Beach Garden area and with a vacant rate of just 7.3% and an asking rate of just over $29 a square foot, this will be a welcome addition.
Mirasol Town Square features condominiums and generates about $171,000 in annual revenues. Phase I and II was completed in 2012. There are currently 7 structures with 120,000 square feet of space in a two-story structure so this will be the tallest of all the buildings.