West Palm Beach Developer Faces $5 Million Penalty for Delayed Downtown Tower
West Palm Beach, FL — January 30, 2026 — Developer Jeff Greene faces a $5 million penalty if his downtown tower isn’t completed by 2027, according to a proposed agreement with t…
Developer Jeff Greene Faces $5 Million Penalty for Delayed Downtown Tower
West Palm Beach, FL — January 30, 2026 — Developer Jeff Greene faces a $5 million penalty if his downtown tower isn’t completed by 2027, according to a proposed agreement with the city.
The project, known as One West Palm, was initially slated for completion in 2021 but remains unfinished due to construction disputes and lawsuits. The city administration is seeking approval from city commissioners to enforce this agreement, aiming to expedite the project’s completion and fulfill the city’s expectations for property taxes and economic benefits.
City spokesperson Kat Joy emphasized that the agreement reflects a collaborative effort to move forward in the public interest, ensuring that residents and businesses benefit from the project’s completion.
Background on One West Palm
Located at 550 Quadrille Blvd, One West Palm is intended to be the city’s tallest building, featuring office space, a hotel, and luxury residential units. The development has faced multiple delays, leading to the current proposed agreement to ensure its timely completion.
City’s Perspective
The city has expressed concerns over the lack of anticipated property taxes and other economic benefits due to the project’s delay. The proposed penalty aims to hold the developer accountable and ensure the project’s completion aligns with the city’s expectations.
Developer’s Response
Jeff Greene has not publicly commented on the proposed agreement. Previously, he attributed the delays to stoppages from the COVID-19 pandemic and disputes with the city over changes to the project.
Next Steps
The proposed agreement is pending approval from the city commissioners. If approved, the $5 million penalty will be enforced if the project is not completed by the end of 2027.
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- West Palm Beach FL
