Reuben Brothers Buys Palm Beach Esplanade for $200M

Reuben Brothers and Crown Onyx Investments have acquired The Esplanade shopping center at 150 Worth Ave. in Palm Beach for $200 million, according to a deed recorded March 26. The purchase was executed through Esplanade TIC LLC and Esplanade Metro TIC LLC.

The Esplanade is a Mediterranean Revival-style, two-story retail development on 2 acres totaling 128,779 square feet, including its parking garage. The transaction follows O’Connor Capital Partners’ ownership via Wilson 150 Worth LLC, which bought the property in 2014 for $104 million.

Reuben Brothers says the firms plan to renovate the property and update the tenant mix throughout 2026, positioning the venue as a retail and social hub.