Article was posted 3 days ago, but I'll post this as an update.
https://www.thenextmiami.com/brickel...l-in-planning/ Brickell City Centre Condos On Pace For Sellout Soon As Sales Velocity Rises; 80-Story Tower Still In Planning http://i.imgur.com/q5VNyYV.jpg |
Swire Applies Again For FAA Approval To Build 80-Story One Brickell City Centre Supertall
https://www.thenextmiami.com/swire-a...tre-supertall/ Quote:
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Miami Office Boom Is Pushing Deeper Into Posh Residential Areas
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https://www.bnnbloomberg.ca/miami-of...reas-1.1742470 |
Bulked-Up Design Planned For One Brickell City Centre Signature Office Supertall
https://www.thenextmiami.com/bulkier...-in-the-works/ Quote:
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Good progress in two months. Tech anchors are going to help this tower succeed.
Given that the changes are to cater for that sector and your investment and wealth management industries. |
https://www.bloomberg.com/news/artic...ice-skyscraper
https://assets.bwbx.io/images/users/.../v4/800x-1.jpg Quote:
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I love Miami, but a fat box with a quirky facade shouldn’t dominate its skyline.
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This looks like a bad zipper running from bottom to the top. Why couldn't they leave the previous design alone? Leave it to Arquitectonica to screw up their own design.
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I like that it’s a fattie. Reminds me of something in Tokyo.
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Depending on if and how they light the vertical lines, it could be amazing at night. |
I recently spent some tome in Miami, and this is a tower that skyline needs. Sure there are other proposals just as tall, but a fully fledged office tower matures that skyline somewhat. And it’s easy on the eyes.
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Tallest office building in the South once complete. Will dethrone the Bank of America Plaza in Atlanta.
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Swire, Stephen Ross’ Related plan Florida’s tallest commercial tower in Miami’s Brickell; Proposed building represents second phase of Brickell City Centre
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TRD |
So these are balconies on the office tower? That's sort of unusual isn't it?
https://assets.bwbx.io/images/users/.../v4/800x-1.jpg |
I hope that this gets built, but I can see it not rising. Miami does not have a booming office market. TheNextMiami pops Champagne when a firm signs a 20k sf lease.
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Let's hope they pull it off, ~1k foot office towers are quite a feat outside of NY and maybe Chicago.
Though on the bright side several have already happened (Philly / SF / LA / Houston etc.). Quote:
EDIT: It seems Swire Properties is a Chinese (errr... Hong Kong) company :uhh: |
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Yeah, I feel this is a bit of a long shot along with JMKeynes. We're just too late in the cycle. Rates are rising at warp speed making financing more expensive and will push rents down, even more if the economy contracts. The risk is probably just too risky to take... I can see them taking a 'wait and see' approach. I'm curious to know about leasing at 830 Brickell. Anyone have any numbers on leasing %?? Edit: Found this article via the Google, https://therealdeal.com/miami/2022/0...kell-in-miami/, (date Jan 25, 2022) Quote:
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Boom, 60% c.a June 15, 2022 https://profilemiamire.com/miamireal...r-830-brickell Quote:
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On an unrelated note I'm also skeptical of this being built to the scale that it's proposed at given the current state of affairs, and the design discrepancies between the ground level renders and the shot of the full tower makes me think this is still somewhat early in it's redesign process. Hope I'm wrong though! |
Remember that this project has been in gestation for years now and has recently been transitioned from mixed-use to mostly office. Maybe, just maybe Ross and company are seeing something we aren’t ?
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the Miami-Dade office market is doing extremely well. It's just not a lot of the activity is in the CBD like you might see in Chicago or New York. It's spread all over the County,
Miami's CBD is very small by comparison and has to compete with other neighborhoods where brand new mid and lowrise office construction is also encouraged. Most of the new construction in Brickell and Downtown since 2010 has been residential. More office towers are needed. |
I recently spent some time in Miami, and despite the fact that so much construction is going on, it really doesn’t feel like a lot has changed from my last visit a few years ago. Residential towers are fine, but they don’t bring the extra people (workers, visitors, etc.) that fill the streets up making it a more vibrant and walkable area.
That’s why I’m more excited for towers like this one to go up. It’ll have a presence, and become a symbol the way the other towrs might not, even at the same height. Anyway, lots of construction in the area, (and what’s the story with so many wild chickens in Miami?) https://a4.pbase.com/o12/06/102706/1...r.IMG_1174.JPG https://a4.pbase.com/o12/06/102706/1...z.IMG_1175.JPG https://a4.pbase.com/o12/06/102706/1...B.IMG_1176.JPG https://a4.pbase.com/o12/06/102706/1...N.IMG_1177.JPG https://a4.pbase.com/o12/06/102706/1...3.IMG_1178.JPG https://a4.pbase.com/o12/06/102706/1...a.IMG_1179.JPG https://a4.pbase.com/o12/06/102706/1...R.IMG_1180.JPG |
I also see wild chickens all over Ybor City in Tampa lol. https://www.hobbyfarms.com/ybor-city...wild-chickens/
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I hope that I’m wrong, but I’d be shocked if this is built.
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^^^^^^^^^
I think we have to be patient. Good things take time. Just like with the Citadel buying spree in Brickell. In other words, sometimes the underdog can't be underestimated. New winners and future top dogs may arise in time. We shall see. If a Citadel move triggers others to follow suit, than the odds start to be in this developments favor (or others for that matter). |
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Citadel is Chicago's largest hedge fund and they run the 9th largest in the world (https://en.wikipedia.org/wiki/List_of_hedge_funds). This is a big company in Chicago let alone Miami. And Millenium mangagment has been expanding rapidly as well in Miami (https://www.bloomberg.com/news/artic...rida#xj4y7vzkg). They are the world's 4th largest fund. The more (major) companies relocating to the area the higher the confidence gets for others to make a commitment and lower the risk becomes. I anticipate Miami being a powerhouse of the 2020s in the US and becoming a bit of a Dubai of the Western Hemisphere. It already is a preferred location for events on the East Coast taking some of the convention business from Vegas. This is also part of Dubai's playbook. |
FAA approved this at 1,040 ft.
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July 29th is the next major milestone. A vote on the revised design features.
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Tree Permit Submitted For One Brickell City Centre Supertall
https://www.thenextmiami.com/first-p...tre-supertall/ Quote:
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Might mean a chance for prices to come down and attract new people. A good opportunity for some, not just for the homeowners selling homes to folks willing to pay 15-20% more due to Covid pricing. It's a good thing the bidding wars are slowing down or in some metros gone away.
More affordable conditions will help Miami-Dade, not hurt it and it hasn't stopped the selling with many developments, especially recent ones. |
One Brickell City Centre Zoning Changes Approved, Fire Station Now In Permitting
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NXT |
Fire station issue stalls signature Brickell City Centre tower
September 13, 2022 Quote:
https://www.miamitodaynews.com/2022/...-centre-tower/ |
One Brickell City Centre Supertall Approved, Groundbreaking Early 2023
https://www.thenextmiami.com/one-bri...rly-next-year/ Quote:
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Great news. Looking forward to the permits being filed. Good momentum! :cheers:
I knew the minute Stephen Ross joined the party, things would happen. Ross doesn't play around. He's also making some strides in West Palm Beach, with their largest office development. Next up, Citadel HQ having their design revealed. :D |
Awesome news!
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Groundbreaking to commence in early 2023, new render:
https://www.thenextmiami.com/swire-r...breaking-soon/ https://i.imgur.com/pK4gNVY.jpg |
Question posed, on NXT, as to how they can remove 170 trees and demolish and clear a ten story building in time for an early 2023 groundbreaking ...
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I love Miami, but this is a lame tower. If RXR ditched the current design of 175 Park and replaced it with this, people would go ballistic. This is basically a fat box with an interesting, vaginal skin. The pulled back labia are nice, but a slender spire was warranted for a tower that will be tied with some others for Miami’s tallest tower.
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Possibly its design is very much Miami, with its feminine look façade wise. |
IMO, Many of these new post-covid office towers will start to resemble residential towers as tenants desire more outdoor (balconies) space.
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