Quote:
Originally Posted by chris08876
^^^^
Yeah it is. I might of been better off saying the parcel but would be nice to say see a redesign for mixed use, to include office. The property itself though remains a prospect, which right now is an empty patch of land/parking. We can get an idea of the max potential for the site though, given the FAA limit.
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Honestly, I’d be shocked if Citadel takes more than 100k sf in Miami. Citadel has 1,000 employees in Chicago. Assume that at most, 600 of them are non-admin, highly-paid traders. If half of those 300 went to Miami and half went to NY, that’s not a huge Fl footprint. I don’t think that Citadel would even take 100k sf in Miami.
350 Park, by contrast, is a blue-chip investment. That tower could become the next GM Bldg or 9 W 57th (ie., the premier office space in a city with no shortage of hyper-rich tenants seeking such space at $300/sf.)