Miami Getting First New Office Tower In A Decade -
Sep 11, 2019
When 830 Brickell opens in 2021, it will be the first new office tower in Miami in almost a decade.
Developers are starting to introduce more office product into the market after years of focus on residential and mixed-use. The optimism is fueled by a recent rise in occupancy and rents. Almost 2M SF of office space is expected to be completed... [more...]
Pocket park could be early piece of Underline -
Sep 10, 2019
A formal city-county agreement that will allow improvements to kick-start full construction of the first phase of the 10-mile Underline comes before a county committee for a recommendation this week.
The Parks Recreation and Cultural Affairs Committee is being asked to bless a master maintenance agreement that would allow the county or its... [more...]
Miami Second Tallest Office Tower Now Has $300M in Construction Financing -
Sep 04, 2019
The 830 Brickell office tower will soon begin vertical construction and become Miami’s second tallest after developers secured $300 million in construction financing last week.
The project is being built across from Brickell City Centre. Foundation work began in early 2019.
830 Brickell will top off at top off at 732 feet above ground, or... [more...]
Brickell twin-tower hotel set to break ground with multi-million budget -
Aug 26, 2019
A dual-branded, twin-tower hotel coming to Brickell received a $67 million construction loan. Expected by mid-2021, its developer said it will be targeted to extended-stay guests and positioned slightly below neighboring luxury hotels the Mandarin Oriental and JW Marriott Marquis.
Summit Hotel Properties has granted a $28.85 million mezzanine... [more...]
Israeli Developer Planning Brickell Gateway Tower -
Aug 21, 2019
The owner of a property across from Brickell City Centre appears to be preparing plans to build a mixed-use tower, a newly released rendering shows.
Gazit Horizons purchased the property in 2017 The company trades on the Tel Aviv Stock Exchange.
Renderings were included in a presentation to shareholders last month. The project is referred to as... [more...]
Brickell City Centre Retail Sales Up 37.8% In First Half of 2019 -
Aug 14, 2019
Sales were up at Brickell City Centre’s retail shops during the first half of the year, developer Swire Properties reported last week.
Retail sales growth at the mall for the six months that ended June 30 2019 was 37.8%.
Occupancy in the mall as of June 30 was 90%, compared to 89% on December 31, 2018.
Swire previously reported that... [more...]
Sliver of Brickell that held Babylon can have 24-story tower -
Aug 13, 2019
Miami commissioners have allowed owners of a Brickell area property that was previously limited to eight stories to build up to 24, despite Chairman Ken Russell and nearly all of about 30 nearby residents, who pleaded to bar what they saw as a more-than-generous rezoning.
However, the rest of the commission voted last week for the zoning change... [more...]