Brickell’s much-anticipated Class-A-plus office tower, 830 Brickell, prepares for its completion in the second half of the year.
“The construction is progressing,” said Andrew Trench, executive managing director at Cushman & Wakefield. “What we call sort of a super superstructure, it’s complete.” Final touches are being made on the glass curtain wall and amenity spaces.
“The way office construction works, as we deliver sort of raw space to these tenants, many of them are already in their space, designing and building out their space, but we are targeting a completion date for the second half of this year,” Mr. Trench said. “There will still be some tenants finishing their personal spaces, but the building should be opened in the third quarter of this year.”
The current TCO (temporary certificate of occupancy) date, he said, “accurately could be reflected as the third quarter of this year.”
The 55-story building will be housing prominent tenants such as Citadel, Kirkland & Ellis and Microsoft.
The overriding message of 830 Brickell, said Mr. Trench, is it was planned as the tipping point of Miami. “OKO [Group] and Cain International sort of saw this future for the city of migration here by major business influencers, CEOs, presidents, investors; obviously, the pandemic … really accelerated it, which was certainly unexpected, but this was all sort of a movement that the ownership team thought was going to happen ultimately…”
The building’s success, said Mr. Trench, is a metaphor for the success Miami has seen in recent years.
“We’ve really been the tip of the spear as new companies decided to open offices and relocate to Miami,” he said. “Their office searches always pretty much ended up at 830 Brickell because it was offering them a level of experience in class that they were … coming down here expecting.”
These new companies leave behind multi-million-square-foot towers in locations such as New York, Chicago, and San Francisco, said Mr. Trench, and 830 Brickell is consistent with the class they are accustomed to.
It represents a renaissance that Miami is going through and has been in the last few years, he said.
“It’s really spurred interest in development,” he said. “I’ve been here my whole life, and this is a city that doesn’t often develop new office towers, and on the heels of 830’s success, you have four brand new Class-A-plus office towers that are planned for Brickell. You’ve got multiple throughout the rest of the city, and these are all sort of on the tailwinds of what 830 Brickell was able to execute on.”
Amenities are paramount now, said Mr. Trench. New developments cannot have “sort of the old-fashioned office buildings which are just: park in the garage, go to your desk and leave at the end of the day.”
New developments, he said, have to be thoughtful when it comes to what they offer.
“830 Brickell, much like everything it’s offering, is top of the market and best in class,” said Mr. Trench. “We have certain amenities there that I think you’ll find in lots of Class A buildings, like a fitness facility and a conference facility, but I think the big differentiating factor with the one 830 is offering is just the level of finish and quality.”
Some of the building’s amenities include first-class gym equipment, a fitness center and a sky lobby. Additionally, he said, there will be a full-service cafe “for tenants to have breakfast and lunch, have their coffees, maybe a drink after work which … is sort of a room with a view being on the 30th floor with massive floor-to-ceiling windows overlooking Biscayne Bay and the rest of downtown Miami.”
The building will also have an outdoor area.
“Lastly, two of the floors … have private outdoor spaces which we’re seeing more of an emphasis on now for tenants,” said Mr. Trench. “Many existing buildings in Miami don’t really offer that, and we do have multiple floors that offer private outdoor space…. When it comes to the lobby, the common areas, the elevators, while maybe not considered a true amenity, just adds to the whole amenitized experience of the building.”
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