First Ntl Bank Bldg

Palm Beach Island is one of the wealthiest and most tightly held retail markets in the country, where the median home value sits at $2M, six times the national average. The market is anchored by two of the most powerful corridors in South Florida. Worth Avenue remains a globally recognized luxury destination, home to flagship stores for Chanel, Gucci, and Ferragamo, alongside its iconic pedestrian "vias" of boutiques and galleries found nowhere else. Just north, Royal Poinciana Plaza has become the island's most dynamic retail and dining hub, recently welcoming LOEWE's new Casa Loewe boutique alongside Sant Ambroeus and Hermès, with continued investment from major luxury houses showing no signs of slowing. Buccan remains one of the island's longstanding dining hotspots, drawing both year-round residents and a steady seasonal influx of visitors. The island consistently ranks among the most expensive zip codes in the entire country, a distinction that continues to fuel some of the highest retail rents and longest tenant waitlists for space in the state.