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This move comes as the company has quickly expanded its presence nationally and needed a larger office space to accommodate its continued growth. Basis currently has 35 employees, up from just three in December 2020.
This team will be an extension of both Franklin Street’s Investment Sales and Insurance brokerage verticals dedicated to South Florida.
Phase II will consist of 6,000 square feet of ground-floor retail space and 42,000 square feet of creative office space, slated for completion in Q2 2026.
NAI Miami’s David Oxios, CCIM, Gabriel Garcia-Menocal, SIOR, and Lucia Custer, Executive Vice President represented the seller in the transaction.
While set to open in 2025, the building is already 25% pre-leased.
The development encompasses three contiguous properties that span 49,000 square feet.
The company currently has 16 locations in Canada signed last year to bring 20 locations to Washington state.
The Wynwood Norte district is bordered by I-95 to the west and North Miami Avenue to the east, and Northwest 29th Street to the south and I-195 to the north. Given its walkability to many art, cultural and entertainment and dining destinations along with its recent zoning overhaul, the neighborhood is poised for significant development.
The reduced rate is only applicable to rental periods commencing June 1, 2024.
The joint venture is planning a significant project following a $48.5 million acquisition in the city’s waterfront Harbordale neighborhood.
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