Brickell CityCentre, a large and ambitious commercial development project, may have an opportunity to expand into the Old Manor House located adjacent to it. Miami Curbed reports:
According to SFBJ, Northern Trust, the owners of Miami Today’s former Brickell Avenue headquarters/that building that looks like the Charlie’s Angels detective agency, have been quietly shopping the building around looking for a buyer. There’s lots of speculation that the under construction Brickell CityCentre might be very interested in the site, which is perfectly situated to give CityCentre a frontage on Brickell Avenue, which it does not currently have. It sits directly between Brickell Ave. and CityCentre’s phase II.
Brickell CityCentre is one of the one of the largest and most anticipated Miami Commercial Real Estate developments. The $1.05 billion mixed-use complex is located in the heart of the city’s vibrant financial district. Construction of CityCentre began on July 2012, and is scheduled to be completed in 2015. The project is
Located on over 9 acres of land along South Miami Ave, between 8th Street and 6th Street, it will entail an impressive 5.4 million square feet of office, residential, hotel, retail, space, and entertainment space – this includes a 520,000 square foot shopping center, 120,000 square feet of office space, 120,000 square foot wellness center, 800 condos, 243 hotel rooms, and 93 apartments.
Parking in this tight-knit area of Brickell will be provided by a two-level underground parking garage that spans 7 acres below the property, entailing 3,100 parking spaces in total. To ease congestion and increase accessibility, the development will incorporate the Metromover’s infrastructure and be closely situated to I-95.
Furthermore, its economic impact will be immense, providing approximately $1 billion in economic benefits, including 1,700 construction jobs, 3,700 direct jobs, and 2,500 indirect jobs. Both the City of Miami and Miami-Dade County will receive millions of dollars in taxes and fees, providing much needed revenue. In short, Brickell CityCentre will be the heart of the burgeoning Brickell community.
To learn more about this and other developments, contact Office in Miami, the leading purveyor of Brickell Commercial Real Estate.