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  #1  
Old Posted Dec 3, 2024, 6:53 AM
wanderer34 wanderer34 is offline
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Originally Posted by ChiND View Post
Interest rate cuts have nothing to do with lack of demand. Miami is not a corporate center. NY is the only US city with a very strong demand for office space.
https://www.cbsnews.com/newyork/news...ew-start-date/

NY will remain the largest CBD in the US due to it's size alone, but with NY Gov Kathy Hochul promising to turn on the congestion pricing tolls in many of the city's bridge, it wouldn't surprise me if many, not all, but a good amount of companies move out of Manhattan into mainly South FL (Miami, Ft Lauderdale, West Palm Beach).
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  #2  
Old Posted Dec 3, 2024, 12:28 PM
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Originally Posted by wanderer34 View Post
https://www.cbsnews.com/newyork/news...ew-start-date/

NY will remain the largest CBD in the US due to it's size alone, but with NY Gov Kathy Hochul promising to turn on the congestion pricing tolls in many of the city's bridge, it wouldn't surprise me if many, not all, but a good amount of companies move out of Manhattan into mainly South FL (Miami, Ft Lauderdale, West Palm Beach).
In all due respect, that’s truly ridiculous.
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  #3  
Old Posted Dec 3, 2024, 4:17 PM
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Originally Posted by ChiND View Post
Interest rate cuts have nothing to do with lack of demand. Miami is not a corporate center. NY is the only US city with a very strong demand for office space.

I know they don't but they do help projects get off the ground.

Miami has potential to be the next NY-lite.
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  #4  
Old Posted Dec 3, 2024, 4:44 PM
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Originally Posted by Zapatan View Post
I know they don't but they do help projects get off the ground.

Miami has potential to be the next NY-lite.
Not remotely. Chicago is the only possible NY-lite, and it's fast losing that status as businesses are leaving. Unlike NY, there's no demand for new office space in Chicago.

I love Miami, but let's be real. Dallas is a valid corporate center. Miami is not.
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  #5  
Old Posted Dec 3, 2024, 5:48 PM
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New York's demise is usually brought up at least once a year on these forums for as long as I've been here. There's some form of car congestion relieving measures in many of the world's alpha cities whether it's congestion charges like London or restricting people from driving on certain days based on your car license plate like Sao Paulo & Beijing.
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  #6  
Old Posted Dec 3, 2024, 8:33 PM
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  #7  
Old Posted Jan 27, 2025, 10:20 PM
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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.
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  #8  
Old Posted Jan 27, 2025, 10:31 PM
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Originally Posted by Altoic View Post
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.
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Last edited by NYguy; Jan 29, 2025 at 2:03 AM.
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  #9  
Old Posted Jan 27, 2025, 10:34 PM
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Originally Posted by ChiND View Post
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?
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  #10  
Old Posted Jan 27, 2025, 11:00 PM
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Originally Posted by voyager8907 View Post
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.
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  #11  
Old Posted Jan 27, 2025, 11:21 PM
BrickellBased BrickellBased is online now
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Originally Posted by ChiND View Post
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
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  #12  
Old Posted Jan 27, 2025, 11:16 PM
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Originally Posted by Altoic View Post
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.
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  #13  
Old Posted Jan 28, 2025, 2:30 PM
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It is unfortunate this isn't going to rise since this tower was really good looking IMO.
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  #14  
Old Posted Dec 20, 2022, 8:31 PM
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Originally Posted by Dale View Post
We shouldn’t have to wait many months to find out whether this is show or go.

I don’t care about NYC anymore. You can have NYC.

https://www.thenextmiami.com/one-bri...date-revealed/
It's getting shorter. FYI 984 ft is 'supertall' for us geeks. Time to change the thread floor count and height? To be fair I think the 1040' was just the max FAA approval height, never for the building design.

Quote:
The groundbreaking date depends on the pace of leasing.

The tower will rise 68 stories, or nearly 1,000 feet, the report said.
https://www.bizjournals.com/southflo...st-office.html

Bold emphasis mine. Demo in late first quarter of old office building. Meaning construction probably starts late 2023 at earliest prob 2024.

Quote:
The Related Cos. and Swire Properties filed detailed designs with Miami officials for South Florida’s largest office building.

The developers revealed plans for One Brickell City Centre, on the east side of the Brickell City Centre mixed-use project, in June. The new tower would replace the office building fronting Brickell Avenue between Southeast Seventh Street and Southeast Eighth Street. Since city officials approved the change to the special area plan for Brickell City Centre a few months ago, the developers recently filed a detailed site plan with the city, providing a closer look at the building.

Billionaire Stephen Ross, the chairman of the Related Cos. and owner of the Miami Dolphins, recently said many companies are looking to move to Miami, and he’s confident One Brickell City Centre will find plenty of tenants.

Jordan Bargas, senior VP in Related Cos.' new Miami office, said the 68-story One Brickell City Centre would have 1.5 million square feet of office space and rise nearly 1,000 feet. It would have the largest office floor plates of any building in downtown Miami or Brickell, he said, with 50,000-square-foot floor plates on the floors above the parking podium. On the narrower section of the tower, the floor plates would average 32,000 square feet. The ceiling height would range from 15 to 19 feet.

“That will help attract technology and financial firms that are used to those larger floor plates,” Bargas said. “The plan is to create another Hudson Yards-quality building, and bring that level of office to Miami for the first time.”

(Hudson Yards is Related Cos.' 28-acre development on the west side of Manhattan.)

Each floor will also have ample outdoor spaces on terraces so employees can enjoy Miami’s weather, he said.

“Companies can house a large number of staff on the same level, instead of on multiple floors, which is a huge benefit, in terms of collaboration and working together,” said David Martin, Swire's VP of leasing for One Brickell City Centre. “This sort of product doesn’t exist in Miami now.”

Martin said many of the technology and financial companies that opened small offices in Miami during the Covid-19 pandemic found that many of their employees want to work here. This has led to much larger offices in Miami.

Miami-based Arquitectonica designed the project, and CBRE is the leasing broker.

The new office tower will be directly connected to first phase of Brickell City Centre, including the mall and hotel. There will be a covered walkway to the Eighth Street Station of the Metromover, which circulates people around downtown. The Climate Ribbon, a shade feature that captures the breeze, will be extended from the mall and wrap around the office building to reach Brickell Avenue.

Bargas said the office building will have a host of amenities – many of them related to wellness – along with a high-end restaurant and a helipad on the roof. Martin said the ground floor will have a large covered drop-off area for ride-sharing and delivery services.

Demolition of the old office building should begin in the late first quarter, Bargas said. The groundbreaking date largely relies on the pace of the leasing effort.

We have great momentum on the leasing front,” he added. “We are meeting with people in California, Chicago and New York – all of the places we are seeing talented employees coming to Miami from.”
Also the rendering from article above looks like they got ride of the bronze color and is more gray/silvery. I'm not sure the source of the rendering from the link above. But I'd guess the more VE'ed version is the most recent one. Anyone know?


Last edited by rivernorthlurker; Dec 20, 2022 at 10:04 PM.
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  #15  
Old Posted Dec 21, 2022, 1:52 PM
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“We have great momentum on the leasing front,” he added. “We are meeting with people in California, Chicago and New York – all of the places we are seeing talented employees coming to Miami from.”


Hopefully they can get some good deals happening. I have faith in Stephen Ross making this happen.
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  #16  
Old Posted Jan 27, 2023, 4:19 AM
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Demolition Permit Applied For At One Brickell City Centre Supertall Site
January 24, 2023

The demolition permit is for a building at 700 Brickell Avenue and was applied for on January 20, according to Miami Building Department records.
According to the newly filed demolition permit, total demolition of 221,243 square feet is planned, at an estimated cost of $1.35m.

One Brickell City Centre is planned to rise 68 stories. It is FAA approved for a height of 1,040 feet above ground.
The project will be mostly office space, with a restaurant and rooftop helipad.

Related Companies and Swire Properties are the developers.

Set to be demolished:



https://images1.loopnet.com/i2/9FMiQ.../110/image.jpg

https://www.thenextmiami.com/one-bri...lition-filing/
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Last edited by bobdreamz; Jan 27, 2023 at 3:36 PM.
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  #17  
Old Posted Jan 27, 2023, 4:44 AM
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I’m glad to see that eyesore come down.
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  #18  
Old Posted Jan 28, 2025, 1:52 PM
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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.
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  #19  
Old Posted Jan 29, 2025, 2:06 AM
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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.
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  #20  
Old Posted May 29, 2025, 1:22 PM
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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
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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