West Palm Beach's Tallest Building Nears Completion After Years of Delays

Developer Jeff Greene agrees to pay $5 million in damages if One West Palm isn't finished by the end of 2027.

Published on Feb. 5, 2026

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West Palm Beach's tallest building, One West Palm, is nearing completion after years of delays, according to developer Jeff Greene. The project was originally supposed to be finished in 2021 but is still not complete as of February 2026. Greene has agreed to pay the city $5 million in "liquidated damages" if the building is not finished by the end of 2027.

Why it matters

The completion of One West Palm is important for West Palm Beach as it will generate significant tax revenue for the city once finished. The delays have prevented the city from receiving the anticipated property taxes, sales taxes, and other economic benefits from the mixed-use development.

The details

One West Palm is a mixed-use development at 550 Quadrille Boulevard that will include condominiums, amenities like pools, a gym, ballrooms, and game rooms. Developer Jeff Greene said the delays were due to the COVID-19 pandemic as well as disputes with the city over changing the project design. Greene made various design changes to the building, including adding a walking park on the roof, creating a roof deck, and removing concrete walls in residential units to improve ocean views.

  • One West Palm was originally supposed to be completed in 2021.
  • As of February 2026, the building is still not finished.
  • Greene has agreed to pay the city $5 million in "liquidated damages" if the building is not completed by the end of 2027.

The players

Jeff Greene

The developer of One West Palm, who has agreed to pay the city $5 million in damages if the building is not completed by the end of 2027.

KAST Construction

The general contractor for the One West Palm building, who is being sued by Greene's holding company over the construction.

City of West Palm Beach

The local government that has reached an agreement with Greene to ensure the completion of the One West Palm project, which will generate significant tax revenue for the city.

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What they’re saying

“If it's beyond 2026, I'll be pretty dev—' he said, cutting himself off. 'I'll be shocked because there's hardly anything left to do. We're just doing the ground-floor stuff.”

— Jeff Greene, Developer (wptv.com)

“If I just wanted to make money, I would have just finished it the way it was and learn from the mistakes and not done it next time. But I just wanted it to be perfect and I think it is perfect.”

— Jeff Greene, Developer (wptv.com)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Jeff Greene's holding company to continue its lawsuit against the building's general contractor, KAST Construction.

The takeaway

The delays and legal disputes surrounding the construction of West Palm Beach's tallest building highlight the challenges developers can face in completing large-scale projects, even in a booming real estate market. The agreement between Greene and the city to impose financial penalties for missing the completion deadline underscores the importance of such projects to local governments seeking to generate tax revenue and economic activity.