MIAMI | One Brickell CityCentre | 977 FT | 60 FLOORS - Page 18

UrbanImpact · #**341** Posted **Jan 27, 2025, 8:27 PM**

Quote:

Originally Posted by Crawford

Bc most people are dumb?

Also, these cities aren't declining. Who (outside of the alt-right bubble) honestly thinks NY and Boston and DC are declining?

And your take on congestion pricing is absurd. It's the best thing to happen to Manhattan in decades. The outdoor environment has become so much better since they turned the tolling on. Congestion pricing will be fantastic for employee and corporate retention. I only wish they would expand congestion pricing closer to where I live in Brooklyn.

I moved to NYC in 2001. Since then, no public policy change has been as overwhelmingly positive as congestion pricing. The nonstop honking, the tunnel and bridge adjacent traffic sewers, the Canal Street and Flatbush Ave. chaos, the double and triple parking, is largely gone.

The data shows young people are moving out of Florida and older (a lot of non-working right wing) folks are moving in.

Altoic · #**342** Posted **Jan 27, 2025, 10:20 PM**

So related left this site untouched to join hands with Citadel's new HQ. Did he think Citadel's HQ would prove too competitive for this tower? Either way 1 tower is better than 0.

ChiND · #**343** Posted **Jan 27, 2025, 10:31 PM**

Quote:

Originally Posted by Altoic

So related left this site untouched to join hands with Citadel's new HQ. Did he think Citadel's HQ would prove too competitive for this tower? Either way 1 tower is better than 0.

I predicted that this tower would never be built, and I was right. As I've been predicting further, Citadel will probably drop the office space in its Miami tower dramatically and replace it with hotel or residential space.

voyager8907 · #**344** Posted **Jan 27, 2025, 10:34 PM**

Quote:

Originally Posted by ChiND

I predicted that this tower would never be built, and I was right. As I've been predicting further, Citadel will probably drop the office space in its Miami tower dramatically and replace it with hotel or residential space. No one in finance wants to work in Miami. NY is the center of the financial universe.

My goodness your moaning about Miami gets old. For someone so negative about it why the hell do you constantly spend time posting in Miami threads?

ChiND · #**345** Posted **Jan 27, 2025, 11:00 PM**

Quote:

Originally Posted by voyager8907

My goodness your moaning about Miami gets old. For someone so negative about it why the hell do you constantly spend time posting in Miami threads?

I actually love Miami. It's a great place for vacations, but the buffoons who started claiming that it was the next Wall Street were too ridiculous to ignore.

BrickellBased · #**346** Posted **Jan 27, 2025, 11:16 PM**

Quote:

Originally Posted by Altoic

So related left this site untouched to join hands with Citadel's new HQ. Did he think Citadel's HQ would prove too competitive for this tower? Either way 1 tower is better than 0.

I didn't think Citadel was going to sublease to other tenants? They're already sharing the building with a hotel. Their Chicago headquarters was single use Citadel only.

And Swire will focus on Brickell Key instead

Quote:

There are already $800m in contracts at the Mandarin project, the report said. Swire will use funds from a potential One BCC sale to fund the Mandarin development.

BrickellBased · #**347** Posted **Jan 27, 2025, 11:21 PM**

Quote:

Originally Posted by ChiND

I actually love Miami. It's a great place for vacations, but the buffoons who started claiming that it was the next Wall Street were too ridiculous to ignore.

Yes - that was most clickbait and engagement farming.

What about Santander? I expect the to follow through.

https://www.santander.com/en/stories...d-retail-space

ChiND · #**348** Posted **Jan 28, 2025, 1:52 PM**

The good thing about this is that a lot of garbage has been cleared, and a nice hotel and/or condo can rise on this site. I plan to buy a condo when I retire and stay there from January through March, though I prefer Miami Beach.

UrbanImpact · #**349** Posted **Jan 28, 2025, 2:30 PM**

It is unfortunate this isn't going to rise since this tower was really good looking IMO.

NYguy · #**350** Posted **Jan 29, 2025, 2:06 AM**

This thread is all over the place. I've cleaned it up a bit, so let's keep it clean.

https://www.costar.com/article/16655...to-materialize

Miami supertall office tower said to be canceled after preleasing fails to materialize
Swire Properties lists One Brickell City Centre site for sale with CBRE

By Joshua S. Andino
CoStar News
January 28, 2025

https://commercialobserver.com/2025/...ted-companies/

Swire Selling Prime Miami Site After Office Plan Falters

By Julia Echikson
January 27, 2025

Quote:

In 2022, banking on a new crop of finance and tech companies, Swire partnered with Related Companies on a plan to develop a 68-story, 1.5 million-square-foot office building to be called One Brickell City Centre. But the Class A development failed to secure an anchor tenant, typically a requirement for lenders before providing a construction loan. Swire’s deal with Related has now expired, said a source with knowledge of the arrangement.

“The current office market has been challenging, and the pre-leasing for that specific scheme has not materialized in the way that we had hoped,” Henry Bott, president of Swire, told Bloomberg.

Quote:

Related Companies has already moved on in Brickell. The New York-based developer has partnered with billionaire Ken Griffin to develop the global headquarters for the financier’s financial firms, hedge fund Citadel and market maker Citadel Securities. The 54-story skyscraper, which has yet to break ground, will face Biscayne Bay in Brickell.

NYguy · #**351** Posted **May 29, 2025, 1:22 PM**

https://therealdeal.com/miami/2025/0...to-melo-group/

Swire sells Miami site planned for office supertall to Melo for over $200M
Swire, Related had nixed plans for One Brickell City Centre

By Katherine Kallergis
May 28, 2025

ChiND · #**352** Posted **May 29, 2025, 1:45 PM**

I predicted this for years. Miami is not a commercial center. I'm surprised that Citadel isn't cutting back the amount of space in its tower and adding condos in its place. I love Miami --- for vacations.

UrbanImpact · #**353** Posted **May 29, 2025, 4:16 PM**

Quote:

Originally Posted by ChiND

I predicted this for years. Miami is not a commercial center. I'm surprised that Citadel isn't cutting back the amount of space in its tower and adding condos in its place. I love Miami --- for vacations.

Miami is the 26th top financial center in the world according to the Global Financial Centres Index. However, unlike some other cities...offices are very spread out throughout the metro due to the sprawly nature of development here.

https://www.visualcapitalist.com/map...nters-in-2025/

ChiND · #**354** Posted **May 29, 2025, 4:22 PM**

I love Miami, and I know it very well. I have family in S Fla.

I'm glad that Santander is rising.

DCReid · #**355** Posted **May 29, 2025, 4:26 PM**

Quote:

Originally Posted by UrbanImpact

Miami is the 26th top financial center in the world according to the Global Financial Centres Index. However, unlike some other cities...offices are very spread out throughout the metro due to the sprawly nature of development here.

https://www.visualcapitalist.com/map...nters-in-2025/

Surprising that Dallas and Charlotte are not there. But I surmise that is because most of those city jobs are financial support rather than senior positions. But it is still surprising...

UrbanImpact · #**356** Posted **May 29, 2025, 5:26 PM**

Quote:

Originally Posted by DCReid

Surprising that Dallas and Charlotte are not there. But I surmise that is because most of those city jobs are financial support rather than senior positions. But it is still surprising...

I believe those cities would outperform Miami domestically, but, not internationally.

____________________________________________________________________

As far as the new landlord Melo Group, they do follow through with their builds with their many buildings in Miami, however, their designs tend to be very safe/white/just ok:
https://themelogroup.com/portfolio/

wpolom · #**357** Posted **May 31, 2025, 5:44 PM**

The good news is that Melo gets things done fast. The bad news is that his towers are basically plain. I hope the Melo Group builds something grand deserving of one of the city's premier locations. Brickell Ave is like the Park Avenue of Miami.

Zapatan · #**358** Posted **May 31, 2025, 10:29 PM**

Blocked by paywall, what does Melo plan to build there?

UrbanImpact · #**359** Posted **Jun 2, 2025, 4:13 PM**

Quote:

Originally Posted by Zapatan

Blocked by paywall, what does Melo plan to build there?

They haven't said as of yet.

“This transaction was executed between both companies with remarkable collaboration and precision. We extend our sincere gratitude to Swire Properties, its president, Henry Bott, and the entire team for their professionalism and collaboration in ensuring a seamless process,” said Martin Melo, Principal at The Melo Group. “We are pleased to have secured such a significant property and look forward to unlocking its full potential in the heart of Brickell.”
https://profilemiamire.com/miamireal...-all-cash-deal