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The firm plans to redevelop the property at 226 W. Jackson Blvd. into a dual-branded hotel, with a 135-room Hilton Garden Inn and a 214-room Canopy by Hilton.
The firm is partnering with American Development Partners to develop multiple product types, including two facilities for Healthcare Solutions Holdings.
Following the county's move-out, URG will embark on a complete renovation of the fully vacant building including a lobby with cafe, upgraded elevators, HVAC system, plumbing, electrical and storefront glass.
Governor Murphy nominees Janine G. Bauer and Balpreet Grewal Virk, upon confirmation from the New Jersey Senate, will collectively serve as New Jersey's representatives, along with Jerry Zaro, the current chairman of the Gateway Program Development Corp.
The more than 11-acre site is located at 2751 S. Dixie Hwy. Nearly all of the existing structures will be preserved, including the Palm Beach Post's office building and printing press.