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O’Connor Capital Partners is set to redevelop the Saks Fifth Avenue retail space at The Esplanade, located at 150 Worth Avenue in Palm Beach.
Following the anticipated closure of Saks Fifth Avenue in April 2025, the 50,000-square-foot, two-level space will be transformed into a premier luxury destination. The redevelopment will include high-end retail, office space, and lifestyle offerings, further enhancing Worth Avenue’s reputation as a top retail corridor.
Fairfax & Sammons Architecture will serve as the project architect, while Odyssey Retail has been tapped to oversee leasing for the new space.
The Esplanade was originally developed by The Goodman Co. and opened in 1980. The two-story shopping center currently features approximately 30 tenants, including renowned luxury brands such as Louis Vuitton, Emilio Pucci, Akris, Christofle, Panerai, and Hublot.
O’Connor Capital Partners, a real estate development and investment firm based in New York City, was founded in 1983. Over its 40-plus-year history, the company has developed approximately 20,000 residential units and has extensive experience across the residential, retail, industrial, and boutique office sectors.
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