This transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market.
The project is expected to cost over $500 million to develop.
The leases total 22,000 square feet.
Miami’s urban core markets generated $1.2 billion in retail property sales last year, according to a recent CIASF commercial real estate report. CLICK ON THE HEADLINE FOR MORE
Hollo isn’t the only developer in the super-tall skyscraper game, though. CLICK ON THE HEADLINE FOR MORE
Two Related projects and one being developed by Florida East Coast Realty were “presumed to be a hazard to air navigation.” CLICK ON THE HEADLINE FOR MORE
Prime, which describes itself as a “gathering place, a destination and a sanctuary…for premium cigars, fine spirits, and friends” will occupy approximately 4,800 square feet in the mezzanine level of the building. CLICK ON THE HEADLINE FOR MORE
The site last sold for $31.52 million on June 8, 2010. CLICK ON THE HEADLINE FOR MORE
The assignment is expected to serve as a segue into the representation of Related Group’s mixed-use “One Brickell” mega project unveiled late last year. CLICK ON THE HEADLINE FOR MORE
Flagler Village is part of a wave of infill development taking place in the city’s central business district, where developments underway are expected to deliver 4,300 new residential units to the market in the next five years. CLICK ON THE HEADLINE FOR MORE
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