Snøhetta-Designed Office and Retail Building Breaks Ground in Miami Design District, Atria Health and Research Institute To Anchor Landmark Mixed-Use Development
Miami Design District Associates (MDDA) and Raycliff Capital have broken ground on their forthcoming landmark mixed-use development designed by Snøhetta, the internationally acclaimed architecture firm established in Oslo and New York City. The office and retail development also announced several leasing milestones, marking an important step in the continued evolution of the Miami Design District.
Miami Design District Associates (MDDA) and Raycliff Capital have broken ground on their forthcoming landmark mixed-use development designed by Snøhetta, the internationally acclaimed architecture firm established in Oslo and New York City. The architecturally iconic mixed-use office and retail development also announced several leasing milestones, marking an important step in the continued evolution of the Miami Design District.
Anchoring the leasing activity is Atria Health and Research Institute, which has officially signed approximately 55,000 square feet across the building's third, fourth, and fifth floors with a private, ground-floor entrance, marking the project's first confirmed tenant. Atria will bring its membership-based preventive health and longevity offerings to the Design District and serve the entire Miami community. Atria has locations in New York, Los Angeles, and Palm Beach, with more in development globally. Atria’s new location, designed by David Rockwell, further reinforces the property's positioning as a destination for organizations shaping the future of health, innovation, and human performance
Also joining the project is alternative asset management firm 26North, founded by Josh Harris and managing approximately $38 billion across its private equity, private credit and insurance platforms. Together, these commitments reflect the development’s appeal to leading firms seeking a presence within one of Miami’s most dynamic mixed-use neighborhoods.
Designed by Snøhetta, the eight-story development will introduce approximately 120,500 square feet of office and retail space to the neighborhood, including approximately 22,500 square feet of retail and more than 92,000 square feet of office space. The building is conceived as a new architectural focal point within the District, defined by layered “veiled” volumes, planted terraces and a luminous mesh façade that shifts throughout the day in response to changing light conditions.
Snøhetta is an internationally recognized, transdisciplinary design practice with studios in Oslo, New York, Innsbruck, Paris, Hong Kong, Shenzhen, and Melbourne. Founded in 1989 by Kjetil Trædal Thorsen and Craig Dykers, the firm works across architecture, landscape architecture, interior architecture, product design, and graphic design, with an approach rooted in collaboration, contextual sensitivity, and human experience.
Named after a prominent Norwegian mountain, Snøhetta is known for dissolving traditional disciplinary boundaries through an integrated, dialogue-driven process. The firm first gained international recognition with its competition-winning design for the Bibliotheca Alexandrina in Egypt, followed by landmark projects including the Norwegian National Opera and Ballet in Oslo, the National September 11 Memorial Museum Pavilion in New York, and the redesign of Times Square.
Miami Design District Associates (MDDA) is a joint venture between Dacra, founded and owned by visionary entrepreneur Craig Robins; L Catterton Real Estate, a global real estate development and investment fund specializing in creating luxury shopping destinations; and Brookfield Properties, which ranks among the largest retail real estate companies in the United States.
Together they control the Miami Design District, a 30-acre experiential mixed-use neighborhood renowned for its unparalleled collection of luxury retail. The partners continue to develop and enhance this global destination by presenting the best shopping, cultural, and culinary experiences within an architecturally significant context.
The September 30 groundbreaking marked the beginning of construction on the project, with completion anticipated in early 2028. Together, these leasing commitments underscore the continued evolution of the Miami Design District as a destination where architecture, commerce, culture and innovation converge.
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Oak Row Equities Launches Pre-Leasing for Neo Edgewater Luxury Rental Residences
Oak Row Equities, a leading South Florida real estate investment and development firm, has launched pre-leasing at Neo Edgewater, a new luxury rental building offering 399 thoughtfully designed residences in Miami’s Edgewater neighborhood. Located at 2600 Biscayne Blvd within a 41-story mixed-use development, the apartments provide a refined residential experience for modern Miami living.
Oak Row Equities, a leading South Florida real estate investment and development firm, has launched pre-leasing at Neo Edgewater, a new luxury rental building offering 399 thoughtfully designed residences in Miami’s Edgewater neighborhood. Located at 2600 Biscayne Blvd within a 41-story mixed-use development, the apartments feature ultra-fine finishes, floor-to-ceiling windows and remarkably open floor plans, providing a refined residential experience for modern Miami living. The building will be ready for move-ins this October.
“We’re excited to launch pre-leasing for Neo Edgewater and introduce future residents to a community that captures the energy of Edgewater with sophisticated design, exceptional amenities and a true sense of place,” said David Weitz, Co-Founder and Managing Partner at Oak Row Equities. “As Miami attracts new residents from around the world, we’re confident Neo will resonate with renters seeking a luxury lifestyle in one of the city’s most vibrant and centrally located neighborhoods.
Designed by Arquitectonica with interiors by Vida Design, Neo Edgewater will offer homes ranging from approximately 500 to 1,700 square feet, from studios to three-bedroom residences with select den layouts available, each crafted for effortless everyday living. Expansive ceiling heights and floor-to-ceiling windows create bright, open interiors, while private balconies in select residences allow residents to embrace Miami’s indoor-outdoor lifestyle.
Designed with both style and functionality in mind, kitchens feature spacious islands, European-style cabinetry, quartz countertops and premium appliances. Throughout each residence, spa-inspired bathrooms, custom walk-in closets, blackout shades and in-unit laundry enhance everyday comfort. For those seeking a more elevated experience, Penthouse residences feature soaring ceilings, discreet paneled appliances, integrated wine coolers and upgraded designer features.
“As Edgewater evolves into a leading residential Miami neighborhood, demand for high-quality residences has never been stronger,” said Erik Rutter, Co-Founder and Managing Partner at Oak Row Equities. “Neo reflects Oak Row Equities’ commitment to thoughtful development and our ability to bring transformative mixed-use projects to neighborhoods that are shaping Miami’s future.”
Complementing the residences, Neo Edgewater’s amenity collection is designed to support the rhythm of everyday life, with spaces that center around wellness, productivity, and social connection. Residents will have access to a 30,000-square-foot Equinox flagship fitness center, a resort-style pool deck with cabanas, co-working spaces, a padel court on weekends, a rooftop deck on the 41st floor for private gatherings, along with a staffed residential lobby and pet-friendly amenities, adding convenience to daily living.
Beyond its residential offering, 2600 Biscayne, the mixed-use development encompassing Neo Edgewater, will include approximately 205,000 square feet of Class A office and retail space. Designed as a true live-work-play destination, the project has attracted a distinguished roster of commercial tenants, including Equinox, the globally recognized luxury fitness brand, Coastal Construction, one of South Florida's leading general contractors, and Ferraro Law Firm. The office component expands Oak Row Equities' growing commercial portfolio, which includes Wynwood Plaza, anchored by Amazon, and The Oasis, home to Spotify's South Florida headquarters. The office and retail building is scheduled to open alongside the residences this October.
Situated between Midtown, the Miami Design District, Wynwood, Downtown Miami, and Miami Beach, Neo Edgewater is at the center of Miami's cultural and lifestyle offerings. Residents will be minutes from waterfront green space at Maurice A. Ferré Park, acclaimed dining at Amara at Paraiso, luxury shopping in the Miami Design District, and cultural landmarks including the Pérez Art Museum Miami (PAMM), Phillip and Patricia Frost Museum of Science, the Adrienne Arsht Center for the Performing Arts, and Kaseya Center. Biscayne Boulevard, I-195, and I-95 provide seamless connectivity throughout Greater Miami.
Leasing at Neo Edgewater is exclusively led by Bozzuto.
Exterior renderings via Quantam Space Studio / Common space & residence renderings via Vida Design
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Alphabet Boosts Miami Presence, Expanding Office Space at 1450 Brickell to 45,000 SF
Alphabet, the parent company of Google, has expanded its office presence in Miami after signing a lease that increases its footprint at 1450 Brickell Avenue to approximately 45,000 square feet, marking a significant commitment to South Florida as the region continues attracting major technology and business firms.
Alphabet, the parent company of Google, has expanded its office presence in Miami after signing a lease that increases its footprint at 1450 Brickell Avenue to approximately 45,000 square feet, marking a significant commitment to South Florida as the region continues attracting major technology and business firms.
The lease was signed earlier this year and substantially enlarges Alphabet's existing presence, up from 10,000 SF, within the Class A office tower in the heart of Miami's financial district. Google first established a Miami office in 2016, and the expanded space represents the company's continued investment in the market while remaining considerably smaller than its major campuses in Mountain View, California, and New York City's Hudson Square.
The expansion comes as Alphabet co-founders Larry Page and Sergey Brin have each made notable residential investments in South Florida. Although neither remains involved in the company's day-to-day executive leadership, both continue to serve on Alphabet's board of directors and remain its controlling shareholders.
Over the past year, Page has assembled a portfolio of high-profile residential properties in Coconut Grove, including a waterfront estate acquired for $101.5 million and additional nearby homes. Brin also expanded his South Florida presence earlier this year with the purchase of a waterfront residence in Miami Beach for approximately $51 million.
Alphabet's expanded Miami office is located within 1450 Brickell, the 625,000-square-foot Class A office tower developed by Rilea Group that helped transform the southern gateway to Brickell Avenue into one of Miami's premier business districts. Since its completion, the building has attracted a diverse roster of multinational corporations, financial institutions and professional services firms.
Designed by Nichols Brosch Wurst Wolfe & Associates (NBWW), 1450 Brickell features a curtain wall system constructed entirely of large missile-impact-resistant glass, along with two backup generators capable of providing tenants with more than 4,000 kilowatts of emergency power during electrical outages.
Alphabet's expanded office further reinforces the continued demand for premier office space in Miami and highlights the city's growing appeal to global technology companies establishing or expanding their presence in South Florida.
Images via NBWW & Bilzen Sumberg
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Sant Ambroeus to Open Second Planned Miami Location at MIRAI Design District, Bringing Milanese Café Culture to Miami’s Design District
MIRAI Design District has signed Sant Ambroeus as a signature hospitality tenant, marking the heritage Italian brand’s second planned Miami location and further reinforcing the project’s position as a design-, hospitality-, and culture-driven destination within the evolving Miami Design District.
MIRAI Design District has signed Sant Ambroeus as a signature hospitality tenant, marking the heritage Italian brand’s second planned Miami location and further reinforcing the project’s position as a design-, hospitality-, and culture-driven destination within the evolving Miami Design District.
Sant Ambroeus will occupy approximately 5,000 square feet at MIRAI Design District, where the concept will include a full-service restaurant, coffee bar, and outdoor dining experience slated to open in 2028. The space will be designed by internationally acclaimed architect and designer Fabrizio Casiraghi, whose work is known for blending timeless European elegance with contemporary sensibility. More than a traditional restaurant outpost, the space is envisioned as an all-day gathering place woven into the daily life of the neighborhood, extending MIRAI’s broader vision of hospitality, design, and community. The addition reflects the continued evolution of the Design District into one of the country’s most globally recognized luxury and cultural destinations, where fashion, art, architecture, hospitality, and daily life increasingly intersect.
Developed by WellDuo, Leviathan Development, Lionheart Capital and The Lane Organization, MIRAI Design District is the first mixed-use development in the United States by internationally acclaimed architect Kengo Kuma and Associates (KKAA). The project marks a significant milestone for the influential Japanese architect, whose work has become synonymous with blending architecture, nature, and cultural experience.
Positioned along Northeast Second Avenue, MIRAI has emerged as part of the next phase of growth at the Miami Design District, emphasizing boutique retail, hospitality, architecture, and pedestrian-oriented experiences over traditional large-scale commercial development. Conceived as a more intimate and design-forward extension of the district, the project aims to create a curated environment where luxury retail, hospitality, and community life coexist more seamlessly.
“At Sant Ambroeus, we’ve always looked for locations that already possess a strong sense of identity, culture, and creative energy,” said Gaetano Guarducci, managing partner of SA Hospitality Group. “MIRAI immediately felt aligned with that philosophy. The architecture, the emphasis on thoughtful design, and the evolving energy of this part of the Design District made it feel like a natural fit for our next chapter in Miami. As Miami continues to evolve into a truly global city, we’re excited to deepen our roots here in a neighborhood that already speaks so
Founded in Milan in 1936, Sant Ambroeus has become internationally recognized for blending Milanese sophistication with contemporary New York energy, cultivating a loyal following across fashion, art, design, and hospitality circles. With locations spanning Milan, New York, Palm Beach, Aspen, Paris, and now expanding further into Miami, the brand has long positioned itself within neighborhoods where culture, creativity, and lifestyle naturally converge. The brand’s arrival at MIRAI further reinforces the project as a curated cultural destination where hospitality, architecture, fashion, and daily life intersect.
“Sant Ambroeus represents exactly the kind of thoughtful, design-conscious hospitality we envisioned for MIRAI,” said Eduardo Pelaez, principal of WellDuo. “The brand has a rare ability to create spaces that feel simultaneously international and deeply personal, rooted in elegance, culture, and everyday experience. Their presence helps define the type of environment we’re building at MIRAI: curated, design-driven, and centered around how people actually want to gather, linger, and experience Miami beautifully.”
MIRAI Design District is designed as a “floating lantern,” with a transparent ground floor, lush central garden, boutique retail spaces, and hospitality-driven public areas intended to create a more intimate and experiential extension of the Design District. The project also includes approximately 41,000 square feet of boutique class A office space tailored toward family offices, and design-oriented businesses seeking highly curated environments.
The addition of Sant Ambroeus marks a significant milestone in MIRAI’s leasing strategy, which has focused on securing tenants aligned with the project’s emphasis on architecture, culture, hospitality, and long-term neighborhood placemaking.
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Terranova Secures Nearly 100K SF in New Leases Totaling $56 Million in Coral Gables
Terranova Corporation, a prominent South Florida commercial real estate firm, has announced the successful execution of 96,791 square feet of new and expanded leases across nine properties on and surrounding Miracle Mile, totaling $56,396,408.
Terranova Corporation, a prominent South Florida commercial real estate firm, has announced the successful execution of 96,791 square feet of new and expanded leases across nine properties on and surrounding Miracle Mile, totaling $56,396,408. This velocity underscores the firm’s continued investment in Coral Gables and its ongoing appeal as a premier mixed-use destination.
Completed over the past five months, the leasing activity reflects sustained demand from financial services, hospitality, wellness, and experiential retail tenants seeking high-quality space in one of Miami’s most walkable and affluent submarkets.
“With Terranova being the largest property owner on Coral Gables’ Miracle Mile, we’ve taken a highly intentional approach to curating a dynamic tenant mix that drives consistent foot traffic and enhances the overall community experience,” said Stephen Bittel, Founder and Chairman of Terranova Corporation. “Our goal is to make the area an all-day destination to continue attracting leading brands and serve the community.”
In total, Terranova executed 17 new leases and one expansion.
At 255 Alhambra Circle, a 13-story, 240,719-square-foot Class A office building owned in partnership with Torose Equities and LNDMRK Development, seven leases were completed, further strengthening the building’s tenant roster of leading professional services firms, which currently include Leon Cosgrove and TD Bank.
Colliers’ Vice Chairman Stephen Rutchik and Senior Vice President Kevin Gonzalez represented the landlord in the following transactions.
Industrious, a leading provider of flexible workplace solutions, owned by CBRE, leased 22,693 square feet for its first Coral Gables location. Matthew Cheezem and Tyler Reynolds of Cushman & Wakefield represented the tenant
Driftwood Capital, a hospitality-focused, vertically integrated commercial real estate firm, expanded its existing lease of 13,900 square feet to 18,529 square feet. Jeff Gordon of CBRE represented the tenant.
Edward Jones, a full-service financial services firm specializing in personalized wealth management and retirement planning, leased 5,728 square feet. Ryan Dupaul and Tyler Reynolds of Cushman & Wakefield represented the tenant.
UMusic Hospitality and Lifestyle, a global hospitality company backed by Universal Music Group, leased 3,369 square feet. Javier Martin of Blanca Commercial Real Estate represented the tenant
Janney Montgomery Scott, a wealth management firm, leased 2,247 square feet. Iker Belauste of JLL represented the tenant.
Lifestyle Realty, a luxury residential real estate brokerage, leased 2,495 square feet.
PayCargo, a global logistics industry payments platform, leased 1,721 square feet. Thad Adams of The Allen Morris Company represented the tenant.
The LEED Gold-certified building features a modern glass curtain wall, onsite parking, and 24/7 security, complemented by a fitness center and café.
Terranova’s Mindy McIlroy and Lauren Metser executed the following leases.
Four were at 299 Alhambra Circle, a five-story, 62,327-square-foot office building with the same owners as 255 Alhambra Circle.
Mitch's Downtown Bagel Cafe, a family-owned, New York-style deli concept, leased 2,096 square feet.
GovRecover, a licensed, tech-enabled asset recovery service, leased 1,037 square feet.
Dr. Marta Gainza, a cosmetic dentistry office, leased 1,009 square feet.
Aram Wellness, a holistic wellness brand, leased 2,354 square feet.
The remainder were executed on Miracle Mile, Coral Gables' premier retail and dining corridor, where Terranova owns and operates 15 buildings.
Moxie’s, an upscale casual dining restaurant brand from Canada, leased 18,787 square feet at 93 Miracle Mile.
Wells Fargo, a multinational financial services institution, leased 5,900 square feet at 200 Miracle Mile.
Chewy Vet Clinic, a modern veterinary care concept backed by Chewy, leased 2,979 square feet at 212 Miracle Mile.
Simka Semch, a Peruvian luxury fashion brand, leased 2,236 square feet at 330 Miracle Mile.
Fuku Miami, a fast-casual fried chicken concept by Momofuku’s David Chang, leased 1,927 square feet at 135 Miracle Mile.
Linen Drama, a luxury home linen brand, leased 1,089 square feet at 216 Miracle Mile.
Fernandez & Associates, a court reporting firm, leased 595 square feet at 220 Miracle Mile.
“Terranova is excited to introduce a new wave of tenants that further define Miracle Mile’s next chapter,” said Mindy McIlroy, President of Terranova Corporation. “There’s a clear reason leading brands are choosing to establish a presence here. It speaks to the strength, momentum, and long-term vision of the area.”
Known as “The City Beautiful,” Coral Gables remains one of Miami’s most established and desirable submarkets, offering a blend of historic character, walkability, and proximity to major business and cultural hubs. With direct access to Miami International Airport, Downtown Miami, and Brickell, the area continues to attract a sophisticated mix of tenants seeking both accessibility and a high-quality environment.
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Global Financial Services Firm Rothschild To Open Miami Office At 830 Brickell
Global financial services company Rothschild & Co. will open a Miami office at 830 Brickell after leasing space at OKO Group and Cain International’s premier Class A+ office tower which is nearing completion in the city’s Brickell Financial District. Rothschild & Co. is one of the world's largest independent financial advisory groups, employing 3600 people in 40 countries across the world.
Global financial services company Rothschild & Co. will open a Miami office at 830 Brickell after leasing space at OKO Group and Cain International’s premier Class A+ office tower which is nearing completion in the city’s Brickell Financial District. Rothschild & Co. is one of the world's largest independent financial advisory groups, employing 3600 people in 40 countries across the world.
The deal marks a continuation of the influx of new-to-market companies to South Florida, with many firms opting to take space at 830 Brickell. The 640,000-square-foot project, which is over 90%, is slated for completion this year. It will be the first new standalone office tower in Brickell in more than a decade.
Brian Gale and Andrew Trench led the Cushman & Wakefield team that represented the developers in the deal. Scott Quick and Alan Wildes, also of Cushman, represented the tenant.
"The ownership behind 830 Brickell in Miami has completed a 5,000 square foot lease with global financial firm Rothschild & Co. Rothschild becomes the latest new-to-market firm to join a roster of best-in-class tenants that will move into the building upon delivery this year. With more than 90 percent of 830 Brickell’s tenants being new to the Miami market, the tower has solidified its position as the address of choice for inbound firms spanning banking and finance, technology, and law and professional services.”
Rothschild will join a roster of world-leading companies at the building, including Microsoft, financial services company Citadel, international law firms Kirkland & Ellis, Sidley Austin, Winston & Strawn LLP and Baker McKenzie, New York-based insurance firm A-CAP, private equity firm Thoma Bravo, CI Financial, Marsh Insurance, AerCap and others.
830 Brickell will feature spectacular only-in-Miami panoramic ocean and city views, floor-to-ceiling windows, column-free spans, state-of-the-art digital infrastructure with Wired certification and a LEED Silver certification due to its progressive environmentally efficient design. The tower offers tech-forward, first-class amenities including an upscale rooftop restaurant and bar, a sky lobby with a nearly 2,500 SF health and wellness center and first-class conference facility, a 14th floor outdoor terrace designed by Enea Landscape Architecture, valet parking, electric vehicle charging stations, cafés and white-glove customer service including a 24-hour concierge.
Quest Workspaces Signs 22,252 SF Lease At Allen Morris Company's Alhambra Towers
Quest Workspaces, a leading Florida-based developer and operator of high-quality flexible workspace solutions in Miami and New York, has signed a 22,522 square foot lease at the Allen Morris Company’s iconic Alhambra Towers in Coral Gables, located at 121 Alhambra Plaza. Quest Workspaces will occupy the entire 10th floor of Coral Gables’ premier Class A+ building and is expected to open in Q3 2023.
Quest Workspaces, a leading Florida-based developer and operator of high-quality flexible workspace solutions in Miami and New York, has signed a 22,522 square foot lease at the Allen Morris Company’s iconic Alhambra Towers in Coral Gables, located at 121 Alhambra Plaza. Quest Workspaces will occupy the entire 10th floor of Coral Gables’ premier Class A+ building and is expected to open in Q3 2023.
Quest’s newest location in Alhambra Plaza will be the shared workspace brand’s 13th location throughout Florida and New York. Quest Workspaces is the largest female-owned shared workspace brand in the U.S., has been named one of INC’s 5000 Fastest Growing Companies and has been voted a ‘Best Place to Work’ every year for the past 10 years.
“We are honored to have Quest Workspaces join the Alhambra Towers family,” says Spencer Morris, President of The Allen Morris Company. “The location of the building, coupled with Quest’s highly successful operating structure is ideal for the post-pandemic hybrid work model desired by so many. The expanded building amenities create an unparalleled value proposition in the shared workspace arena as well as for all of Alhambra Towers’ tenants. The furnished, fully landscaped outdoor terraces will be ideal for special events, lunch, and coffee breaks.”
The shared workspace offerings will include individual offices, most with expansive windows, shared meeting spaces and multiple conference rooms of various sizes. Alhambra Towers’ 10th floor also includes one-of-a-kind amenities, including three large, wrap-around, multi-use outdoor terraces totaling 6,000 square feet, offering 360-degree views of the city.
Quest Workspaces plans on completely renovating the terraces, turning them into zen-like spaces for lunch breaks, casual meetings, recreational usage and special events. The space will be accessible to all building tenants.
Quest’s lease coincides with a $4 million renovation of the building’s lobby and common areas, and the addition of a ground-floor, soon-to-be-announced destination restaurant on the building’s ground floor, scheduled to open this summer.
Lance Benson of Newmark represented Quest, Thad Adams, Maricarmen Cabrera and Rafael del Rosal represented Alhambra Towers.
“We are so excited to expand our presence in Coral Gables, and bring our unique approach to shared workspace to more businesses and entrepreneurs in our community,” says Laura Kozelouzek, CEO of Quest Workspaces. “Our new location in Alhambra Towers is the corner of ‘Main and Main,’ within minutes from dozens of restaurants and hotels. Plus, a building owned and operated by The Allen Morris Company ensures us that our clients are benefiting from being in a superior office building with the highest level of service, quality and amenities.”
Global Investment Management Firm Pretium Signs Lease At Eighteen Sunset In Miami Beach's Sunset Harbour
Specialized investment management firm Pretium plans to open an office at Deco Capital Group’s Eighteen Sunset, a Class A office building being constructed at 1769 Purdy Avenue in Miami Beach. Pretium has leased 11,591 square feet on the fourth floor of the project, which together with other completed leases represents approximately 80% of all available office space at Eighteen Sunset.
Specialized investment management firm Pretium plans to open an office at Deco Capital Group’s Eighteen Sunset, a Class A office building being constructed at 1769 Purdy Avenue in Miami Beach. Pretium has leased 11,591 square feet on the fourth floor of the project, which together with other completed leases represents approximately 80% of all available office space at Eighteen Sunset. About 9,500 square feet in the building is still available. The project is currently rising after securing a $60 million construction loan last year.
“Miami Beach is excited to welcome Pretium to our community where our business assistance programs and incentives ease the ability of doing business, and our culture and lifestyle benefit business leaders, create jobs, and attract and retain talent,” shared Miami Beach Mayor Dan Gelber.
With more than 4,500 employees, Pretium has over $50 billion in assets under management across U.S. residential real estate, residential credit and corporate credit. Pretium’s Miami Beach office will span more than half of the fourth floor in the five-story building. The company will join a multibillion-dollar, publicly traded Toronto firm that signed a 20,000 square foot lease earlier this year. On the ground floor, Uchiko, a restaurant concept by award-winning Hai Hospitality group, will occupy approximately 6,000 square feet of space. Stephen Rutchik, executive managing director of Colliers International Florida, and Neil King, vice chairman of CBRE New York, represented Deco Capital Group in the transaction, and Daniel Posy, executive managing director of JLL New York, represented Pretium.
“Pretium is excited to be expanding its office presence to Miami, a region with a growing financial services community,” said Laura Cappiello, Pretium’s Chief Human Resources Officer. “Having an office in Miami will enable Pretium to attract and retain premium talent and broaden the pool of diverse candidates we seek to recruit.”
“Miami Beach has seen a significant increase in inbound investment, and the most fundamental change to the city’s economy has been the drive to develop Class A, best-in-class office space capable of accommodating the needs of preeminent global companies,” said Bradley Colmer, founder of Deco Capital Group. “Pretium operates from exemplary offices in international financial hubs and is proud to be one of the trailblazing companies relocating or expanding and establishing a more substantial presence in South Florida. Pretium is drawn to Eighteen Sunset for its quality design, prime waterfront location in the Sunset Harbour neighborhood and market-leading amenities and views.”
The City of Miami Beach has assisted a number of technology and financial services companies in expanding or relocating their operations after launching meaningful business incentive programs and business concierge services in 2021. Pretium participated in the city’s Expedited Plan Review and Permitting Program which offers an accelerated permitting review process of 10 business days. The city’s Job Creation Incentive Program offers an incentive of up to $60,000 per year for up to four years for businesses in targeted industries that create or relocate a minimum of 10 new, full-time jobs with average annual wages that meet or exceed 125% of Miami-Dade County or Florida average wages.
“It is really encouraging to see great companies, like Pretium and others, take advantage of Miami Beach’s programs and services,” affirmed Miami Beach City Manager Alina Hudak. “These programs were created to diversify the Miami Beach economy for the benefit of the entire community.”
Renderings via Eighteen Sunset
Club Studio, Earls Kitchen + Bar, and Luli Fama To Join Dynamic Shopping and Dining Collection Coming to Miami Worldcenter
An enticing collection of shops and dining spots in Downtown Miami continues to take shape with three new national retail and restaurant tenants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership has completed leases with a new high-end fitness concept called Club Studio, popular dining spot Earls Kitchen + Bar, and luxury swimwear brand Luli Fama through Leap.
An enticing collection of shops and dining spots in Downtown Miami continues to take shape with three new national retail and restaurant tenants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership has completed leases with a new high-end fitness concept called Club Studio, popular dining spot Earls Kitchen + Bar, and luxury swimwear brand Luli Fama through Leap – a platform that develops and operates immersive retail stores for modern and emerging brands. These latest tenants will occupy a combined 45,000 square feet of retail space at Miami Worldcenter, bringing the development’s retail component to approximately 75% leased.
Miami Worldcenter is continuing to grow its stellar lineup of recently opened and upcoming tenants including two food and beverage concepts by Michelin-Star Chef Michael Beltran, Brasserie Laurel (now open) and El Vecino; Chicago’s Maple & Ash and etta restaurants; Sports & Social, a dining and entertainment concept; as well as other nationally recognized brands including Rihanna’s Savage X Fenty, Lululemon, Ray-Ban, Sephora (now open), Posman Books, Bowlero, and Lucid Motors.
As one of the largest privately owned and developed urban real estate developments in Florida, Miami Worldcenter, which is currently coming alive in phases, will feature a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. Approximately 255,000 square feet of retail space has now been completed at Miami Worldcenter as tenants actively build out their spaces.
The project is being developed by master developers Miami Worldcenter Associates, led by Principal Art Falcone and Managing Partner Nitin Motwani, in partnership with CIM Group.
“Our newest group of exciting retailers speaks to the continued level of interest from brands that see value in having a presence in a mixed-use pedestrian-friendly, open-air environment in the heart of Downtown Miami,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “And Miami Worldcenter is more than happy to answer that call as we’ve always set out to provide a diverse set of lifestyle-driven retail and entertainment options for our residents, locals, and visitors.”
The latest tenants to sign leases at Miami Worldcenter are anticipated to open in 2023/2024.
Club Studio is a cutting-edge fitness experience that brings luxury amenities and boutique fitness classes together in one gym. Club Studio will occupy approximately 35,363 square feet of space in Miami Worldcenter’s Block D-East, along the project’s main pedestrian paseo, between 8th and 9th Streets. The Club Studio concept is a fresh take on fitness design that cleverly redefines the genre and fosters both physical and mental well-being. The club will feature state-of-the-art equipment, dynamic classes, and first-class amenities.
Earls Kitchen + Bar, an upscale premium casual dining restaurant, will be taking 8,400 square feet of space at Miami Worldcenter’s recently completed ‘Jewel Box’ retail building located at the confluence of the 7th Street Promenade and World Paseo open-air retail pedestrian streets. The new Downtown Miami location will embody the company's vision of creating a collection of independently compelling restaurants, inspired by and created for the guest and community in which it resides. Earls has 68 locations throughout North America, including its popular South Miami/Dadeland location.
Leap’s platform enables brands to deploy stores that work in concert with e-commerce more rapidly and at significantly reduced cost and risk. Brand stores powered by Leap bring modern brands to life with compelling, immersive customer experience and operations driven and informed by millions of data points. Leap’s first concept at Miami Worldcenter will be Luli Fama, a women’s luxury swim and resort wear brand, globally recognized for its universally flattering fit, immaculate designs and eclectic mix of vibrant hues. Luli Fama will operate out of a 1,246-square-foot space at the base of the PARAMOUNT Miami Worldcenter tower in Block D-West.
Retail leasing at Miami Worldcenter is led by CIM Group, partner in Miami Worldcenter, and Miami-based The Comras Company. CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The Comras Company is a leading, boutique real estate firm providing retail leasing, asset sales, consulting, and development advisory services throughout South Florida.
“Retailers and restauranteurs are judicious in the selection of new locations and we view the strong leasing activity, and ongoing interest, from a mix of top quality businesses, as a testament to the compelling destination we are creating with Miami Worldcenter,” said Shaul Kuba, Co-Founder and Principal, CIM Group.
Miami Worldcenter is now home to three completed residential towers – PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami. Development of a 351-room citizenM hotel is now complete and expected to open at Miami Worldcenter in early 2023. Additionally, construction is underway at phase one of the 52-story Miami World Towers, which will comprise 550 apartment units; at Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; and at the second phase of Caoba, which will encompass an adjacent 40-story tower with 420 apartments.
Planned developments include 600 Miami Worldcenter, a 579-unit fully furnished condominium by Aria Development Group and Merrimac Ventures; The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures; a mixed-use residential and commercial development by Abbhi Capital; a residential development by New York-based Naftali Group; and a three-tower mixed-use project by The Witkoff Group, which will include up to 2,000 residential units as well as 550,000 square feet of office space and another 50,000 square feet of retail.
Complementing Miami Worldcenter’s retail streets will be World Square, a 20,000-square-foot outdoor public plaza and park. Designed as a central gathering place, World Square will serve as the heartbeat of the development featuring an abundance of open space, shade trees, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.
Miami Worldcenter’s $5 million public art initiative – curated by international art dealer Jeffrey Deitch and Miami-based curatorial collective PRIMARY – transforms the streets and buildings of the 27-acre ‘city within a city’ into a permanent outdoor art museum. Now complete, the program features a variety of contemporary and modern art works – in the form of large-scale murals, paintings, and sculptures – created by globally acclaimed artists including Nina Chanel Abney, Woody De Othello, Viktor El-Saieh, Nick Cave, Trenton Doyle Hancock, Hernan Bas, Serge Toussaint, Zadok Ben-David and Franz Ackermann.
Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which offers direct train service to Fort Lauderdale, West Palm Beach, and will soon reach Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.
International Law Firm Kirkland & Ellis Inks 115K SF Lease At OKO Group and Cain International's 830 Brickell
Kirkland & Ellis, one of the largest law firms in the U.S., will open a Miami at 830 Brickell, the Class A+ tower nearing completion in the city’s Brickell Financial District. The firm signed a six floor, 115,000 square-foot lease at the tower, the largest new-to-market office lease signed in Miami in 2022. The 55-story tower will be 100% leased ahead of its delivery in early 2023.
Kirkland & Ellis, one of the largest law firms in the U.S., will open a Miami at 830 Brickell, the Class A+ tower nearing completion in the city’s Brickell Financial District. The firm signed a six floor, 115,000 square-foot lease at the tower, the largest new-to-market office lease signed in Miami in 2022. The 55-story tower, developed in partnership by OKO Group and Cain International, will be 100% leased ahead of its delivery in early 2023.
Kirkland joins the roster of world-leading professional services firms and other global companies at the building, which has become the address of choice for new-to-market firms looking to plant their flag in Miami. International law firms Sidley Austin, Winston & Strawn LLP and Baker McKenzie recently signed leases at 830 Brickell and will occupy a combined 100,000-plus square feet of space. Other blue-chip tenants that have announced plans to open offices at 830 Brickell include Microsoft, financial services company Citadel, New York-based insurance firm A-CAP, private equity firm Thoma Bravo, CI Financial, Marsh Insurance, AerCap and others.
“When OKO Group and Cain set out to develop 830 Brickell, Miami was on the way to becoming a global destination for professional services, finance and technology firms. Today, the city is a vital business hub, with 830 Brickell serving as a catalyst for international companies moving here,” said Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International. “The arrival of Kirkland & Ellis, along with the building’s other blue-chip tenants, has solidified 830 Brickell as one of the most desirable office towers in the United States and underscores the strength of the Miami market.”
830 Brickell’s ownership was represented by Cushman & Wakefield’s Brian Gale, Ryan Holtzman and Andrew Trench. Kirkland & Ellis was represented by Neil Goldmacher, Mitchell Millowitz and Ryan Rosalsky of Newmark, and Kevin Kushner of CBRE.
“830 Brickell is the only Class A-plus office building in Miami history to be fully pre-leased ahead of its completion, with the majority of its tenants being major new-to-market corporations. Global companies like Kirkland & Ellis, Microsoft and Citadel are changing the face of Miami’s business landscape and they’re looking to 830 Brickell as their home in one of the world’s most dynamic cities,” said Andrew Trench, Executive Director of Cushman & Wakefield.
830 Brickell was designed by renowned architecture firm Adrian Smith + Gordon Gill, with interiors by Italian architecture and design company Iosa Ghini Associati.
The tower’s amenities will include a rooftop bar/lounge and restaurant – with menus developed alongside a three-Michelin-starred chef – showcasing expansive views of the City and Biscayne Bay, a world-class health and wellness center, conferencing facilities, an outdoor terrace, cafeìs and street-level retail. Multiple transit options are nearby, including Metrorail and Metromover, the Brightline, walking paths, cycling lanes and bay access points. Additionally, some of Miami’s top residential and lifestyle-driven neighborhoods are situated just minutes away, such as Miami’s Design District, Wynwood, Edgewater and Miami Beach.
Fouquet’s Hotel & Residences, Miami Design District has unveiled more than 40,000 square feet of amenities designed by RDAI, the Paris-based studio behind Hermès stores worldwide. The 143-residence development pairs rooftop leisure and wellness spaces with direct access to an 85-key Fouquet’s hotel.