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bobdreamz Nov 7, 2008 8:24 AM

MIAMI | 1401 Brickell Avenue | HEIGHT PENDING | 50 FLOORS
Address : 1401 Brickell Avenue , Miami, Florida
Tenant : Banco Santander of Spain
Current Floors: 14
Proposed Floors: 50

One of the most recent examples of the heft shown by Spanish investors — and the strength of Spain-based financial institutions — was the May sale of the 1401 Brickell office building. The real estate arm of Banco Santander Central Hispano paid $114 million for the 14-story tower the bank currently anchors. The $606 per square foot purchase price set a South Florida office building record for price per square foot.

Santander Global Property plans to raze the building to construct a 50-story tower on the 2.02-acre site. The property holds development rights for more than 800,000 square feet of office space.

Helping push the 1401 Brickell transaction along was the relationship between Banco Santander and the seller, Testa Inmuebles en Renta, a subsidiary of Spanish real estate giant Sacyr Vallehermoso Group. Testa had bought the building for $61 million in July 2006 at a then-record price per square foot of about $325 per square foot.

current building :

proposed tower in green glass:

from the bay :

no height has been given for this proposal but it will be an office tower that will sit between the Four Seasons & the Espirto Santos Bank tower.

thanks to brickell & milegeman for the info & pics.

MolsonExport Nov 7, 2008 1:11 PM

a snowball's chance in the hot florida sun?

Scruffy Nov 11, 2008 5:19 PM

awfully bulky for Miami

futuresooner Nov 11, 2008 10:20 PM


Originally Posted by Scruffy (Post 3905023)
awfully bulky for Miami

It is pretty much a full block sized plot of land, currently an office building. Plenty of room for a very large office tower. I'd want to know the floor plate sizes for this beast. It'll also create a stair-step appearance from the west.

Pandemonious Dec 4, 2008 3:30 AM

That isn't the design posted in the above renderings, and FYI: This tower may end up a supertall.

mileageman Dec 25, 2008 4:51 AM


Originally Posted by Pandemonious (Post 3951479)
That isn't the design posted in the above renderings, and FYI: This tower may end up a supertall.

Are you confusing this with the new SOM design for Brickell Financial Centre down the block?

Pandemonious Feb 24, 2009 4:02 AM

No, not confusing with that... hopefully something materializes at this site. The economy sucks though...

Dylan Leblanc Jan 16, 2010 3:56 PM

Project redesigned, new thread -

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