MIAMI | One Brickell CityCentre | 977 FT | 60 FLOORS

[Zapatan]

Looks like something China would build (that's not a bad thing)

[colemonkee]

The way that they deal with the parking garage is nearly invisible, almost rendering it like mechanical floors, and the terrace spaces around the base look pretty amazing. Really liking this one from top to bottom.

[Charmy2]

What's with the height decrease? I think this building still looks great but I am just curious.

[Altoic]

Originally Posted by Charmy2

What's with the height decrease? I think this building still looks great but I am just curious.

The 1,049 FT height referred to the past plan, and the FAA filing this project had recently has no real indication on the height. Sadly this is what Stephen Ross found right for the project. 50 Hudson Yards is also barely a non-supertall, developed by the same man. One cool fact, at least, is that this building is the same height as 4 WTC.

[jd3189]

This should be a supertalk with better design. It's smack dab in the heart of the skyline. Miami deserves better, especially at this point.

[NYguy]

A bit bulky, but I like tge design. Now if someone could show the rendering with other planned skyscrapers that will change the Miami skyline.

[wanderer34]

Originally Posted by Charmy2

What's with the height decrease? I think this building still looks great but I am just curious.

Originally Posted by Altoic

The 1,049 FT height referred to the past plan, and the FAA filing this project had recently has no real indication on the height. Sadly this is what Stephen Ross found right for the project. 50 Hudson Yards is also barely a non-supertall, developed by the same man. One cool fact, at least, is that this building is the same height as 4 WTC.

Originally Posted by jd3189

This should be a supertalk with better design. It's smack dab in the heart of the skyline. Miami deserves better, especially at this point.

It's pretty disappointing that the building isn't at least 1,000 ft tall from ground level. If it's a reduction, the least the developers could've done was to make it an even 1,000 ft. Not sure if it's too late, but since Miami is going through a skyscraper boom right now, hopefully there are more skyscrapers that can exceed the 1,049 ft ground level plateau that the FAA has artificially imposed on Miami in the near future.

[UrbanImpact]

Construction permit submitted with the City of Miami for this almost supertall (977')
https://www.thenextmiami.com/constru...l-city-centre/

I understand Related & Swire don't care about supertall status just like most common folk don't know the difference, but, the 7' difference is frustrating for us skyscraper aficionados since it changes its place in this forum and lists.

[Dale]

Here we go.

[Zapatan]

Awesome!

I guess this'll be the second highest helipad in the country after the Library Tower in LA. Wilshire's roof is a little lower.

Do Houston's highest have helipads?

[Yackemflaber69]

No they do not

[BrickellBased]

They've been gutting the insides for awhile now.

New long arm wrecking excavator on site. Looks like they are bringing in the big guns now.

[BrickellBased]

We in business. The rest of the structure should be coming down very soon.

[BrickellBased]

9/6/23

[Altoic]

Video Link

https://twitter.com/ONLYinDADE/statu...71327913312396

Well that's a problem..

[BrickellBased]

Frightening.

09/24/23

Originally Posted by Altoic

Video Link

https://twitter.com/ONLYinDADE/statu...71327913312396

Well that's a problem..

[Charmy2]

Was anybody hurt?

[NYguy]

I’m sure Related can pull it off…


https://www.wsj.com/real-estate/miam...space-b43b42ea

Miami’s Office Market Was Red-Hot. Now Its Tallest Planned Tower Can’t Fill Its Space.
The 1,000-foot project under construction is still searching for an anchor tenant


By Deborah Acosta
March 11, 2024

The challenges swirling around a skyscraper known as One Brickell City Centre, which at around 1,000-feet high would be Miami’s tallest corporate tower, show how the city’s once-sizzling office market is starting to cool.

New York developer Related Cos. and Swire Properties, an international development firm founded by the British Swire family, are struggling to find an anchor tenant roughly a year after the groundbreaking. Related is restructuring its agreement with Swire, which owns the land, according to people familiar with the matter.

Swire even has considered selling the 1.55-acre site in Miami’s downtown, according to a document viewed by The Wall Street Journal.


…Swire said it “continuously evaluates different options for its development sites” and that the one for One Brickell City Centre “is currently not for sale.” Related said it was continuing to work with Swire.

Rising interest rates and hybrid work have punished the U.S. office market. Miami for years weathered such headwinds better than most cities, thanks in part to a steady stream of corporate relocations and limited supply of office buildings.

Now, Miami’s exceptionalism appears to be fading. Leasing activity in the Miami office market was down 25% last year from 2022, according to commercial real-estate services firm JLL. Sublease vacancy increased by 66% through the end of the year, a sign that existing tenants want to cut back on space.

“There’s a slowdown of new-to-market activity,” said Steven Hurwitz of JLL. “We’re sort of at a new inflection point.”

Miami office-construction starts have slowed down after a recent peak in the second quarter of 2023, according to Juan Arias, director of market analytics for CoStar in South Florida. He said that new construction was being affected by higher interest rates, elevated costs for construction material and labor, and a slowdown in leasing activity amid a softer economic environment.

…Related chairman Stephen Ross is among those whose interest in new South Florida projects has intensified. One Brickell City Centre, the 1.5 million-square-foot tower with 68 floors, is one of his more ambitious efforts. At the groundbreaking, Ross called it “the most important project in Miami,” while Swire president Henry Bott said the building would be “a beacon” for the city, with outdoor terraces on almost every floor.

Ross had pledged to bring in big-name tenants to the tower, which is scheduled for completion in 2028. He spoke with Ken Griffin about moving his hedge-fund firm Citadel to the site, according to people familiar with the matter.

In November, the two moguls seemed to deepen their relationship over a mutual interest in football. Griffin was in negotiations to buy a minority stake in the Miami Dolphins, in which Ross is the majority owner, according to people familiar with the matter.

Now the Citadel chief executive is no longer in discussions for a Dolphins stake. His company also passed on becoming the anchor tenant at One Brickell City Centre in favor of developing the waterfront site Griffin bought in 2022, where his plans include a luxury hotel for the top of the office tower.

“I’m not doing anything with Ken Griffin,” Ross told the Journal last month.

Still, the two billionaires indicated they could work together in the future. In a joint statement, Griffin and Ross said they “look forward to partnering together on initiatives that will benefit the community.”

[ChiND]

This site will probably be mostly residential. Since Miami is not a big corporate center, there simply is not demand. I doubted that Citadel would build a tower that consisted purely of office space, and my doubts were confirmed.

The mere fact that a few 70 year old+ hedge fund managers might want to spend their remaining winters in Miami doesn’t mean that Miami is suddenly a corporate center. Those bosses each might need 5k sf of office space at most.

As for the actual workers in the finance industry, New York is the only place to be. Atlanta has a tiny role in the film industry, but if you’re an actor, you want to live in LA — not Atlanta.

[UrbanImpact]

Miamivanche