MIAMI | One Brickell CityCentre | 977 FT | 60 FLOORS - Page 16

Altoic · #**301** Posted **Apr 6, 2024, 5:36 AM**

Workers have officially returned back to the site:

Dale · #**302** Posted **Apr 6, 2024, 12:01 PM**

Do you think this is in for a redesign or just reconfiguring internal space ?

Altoic · #**303** Posted **Apr 7, 2024, 2:13 AM**

I think they'll continue to try to lease out the space. If they aren't successful they'll probably reconfigure internal space to also include condos. But anything could really happen.

BrickellBased · #**304** Posted **Apr 7, 2024, 2:52 AM**

Was there a discussion in change in layout and space usage during the stoppage?

Quote:

Originally Posted by Dale

Do you think this is in for a redesign or just reconfiguring internal space ?

BrickellBased · #**305** Posted **Apr 7, 2024, 2:54 AM**

Also since Related is the developer and Stephen Ross made similar comments in regards to this building, I thought the following was relevant expressing Related's continued positive sentiment in Miami

Related Group Founder: [this time Perez] ‘Serious, Serious Money’ Now Moving To Miami

https://www.thenextmiami.com/related...ving-to-miami/

ChiND · #**306** Posted **May 6, 2024, 4:53 PM**

https://therealdeal.com/miami/2024/0...of-preleasing/

Brickell office slump? Nearly 3M sf planned, zero preleased
Proposals for three towers come amid a dearth of new-to-market firms

Zapatan · #**307** Posted **May 6, 2024, 7:15 PM**

I thought 830 Brickell was a good omen for office towers but this project seems a little ambitious for the time being.

I hope I'm wrong but I don't see this happening.

BrickellBased · #**308** Posted **Jul 19, 2024, 7:18 PM**

7/14/2022

Demolition continues to progress. Looks like they should be done soon.

bobdreamz · #**309** Posted **Jul 20, 2024, 5:33 PM**

This is moving along a lot quicker than I thought given all of the issues they had. I'm guessing the site should be fully cleared by the end of the year.

BrickellBased · #**310** Posted **Jul 20, 2024, 5:42 PM**

The accident was September 23, 2023 I believe. So this has slowed things by around 9 months or so which is a pretty substantial. I guess time flies though.

Quote:

Originally Posted by bobdreamz

This is moving along a lot quicker than I thought given all of the issues they had. I'm guessing the site should be fully cleared by the end of the year.

BrickellBased · #**311** Posted **Aug 4, 2024, 5:34 AM**

This bodes well for office construction in Miami - and especially this project since 830 Brickell is literally across the street. You can't get a more reliable comp than that.

And I'd expect the top floors to get an even higher rate as well. That should be a strong sell to investors as they look to finance.

This offsets some negative news in the office market in Brickell. Like in many cities - the super high end new Class A+ projects have their own market that seems a bit isolated from the overall office market.

https://www.thenextmiami.com/brickel...ing-manhattan/

Quote:

The reports say that Brazil’s Banco Master leased 26,000 square feet of space at 830 Brickell for around $190 per square foot.

That’s a record price for Florida, and “on par with Manhattan’s priciest office space.”

830 Brickell is now 100% leased.