{"id":1004201809,"date":"2017-12-27T06:15:27","date_gmt":"2017-12-27T14:15:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201809"},"modified":"2022-12-09T02:02:29","modified_gmt":"2022-12-09T10:02:29","slug":"miamis-citigroup-center-emerges-from-20m-makeover","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miamis-citigroup-center-emerges-from-20m-makeover\/","title":{"rendered":"Miami\u2019s Citigroup Center Emerges From $20M Makeover"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004201811\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004201811\" data-attachment-id=\"1004201811\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/miamis-citigroup-center-emerges-from-20m-makeover\/crocker-partners-meier-lobby\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg\" data-orig-size=\"1600,960\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Crocker Partners&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;The newly unveiled Richard Meier-designed lobby space at Citigroup Center developed by Crocker Partners (PRNewsfoto\/Crocker Partners)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Crocker Partners - Meier Lobby&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Crocker Partners &#8211; Meier Lobby\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The newly unveiled Richard Meier-designed lobby space at Citigroup Center developed by Crocker Partners (PRNewsfoto\/Crocker Partners)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg?w=1024\" class=\"size-medium wp-image-1004201811\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg\" alt=\"The newly unveiled Richard Meier-designed lobby space at Citigroup Center developed by Crocker Partners (PRNewsfoto\/Crocker Partners)\" width=\"300\" height=\"180\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg 1600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg?resize=300,180 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg?resize=768,461 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg?resize=1024,614 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Citigroup-Center-Richard-Meier-designed-lobby-space-Miami.jpg?resize=1536,922 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004201811\" class=\"wp-caption-text\">The newly unveiled Richard Meier-designed lobby space at Citigroup Center (PRNewsfoto\/Crocker Partners)<\/p><\/div>\n<p>Miami\u2019s Citigroup Center is ready for its closeup. Crocker Partners, which <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-center-trades-owners-crocker-pays-262m-for-trophy-tower\/\">acquired the 803,000-square-foot office tower<\/a> for $262 million in 2012, recently revealed the outcome of\u00a0its\u00a0$20 million renovation of the property.<\/p>\n<p>Citigroup Center\u2019s revamp included a facelift, almost literally\u2014Crocker restored the 34-story high-rise\u2019s glass fa\u00e7ade. And with the help of architecture firm Richard Meier &amp; Partners, the lobby of the three-decade-old tower at 201 S. Biscayne Dr., was upgraded and the ground-level retail spaces were reinvented.<\/p>\n<p>Crocker\u2019s renovation program has also provided Citigroup Center with bragging rights in the local meeting space arena: the building is now home to the largest tenant amenity conference center in the downtown market.<\/p>\n<p><em>&#8220;Tenants are looking for amenities that fuse work and play and we believe that Citigroup Center will be a wonderful addition to the Downtown market,\u201d<\/em> Angelo Bianco, managing partner of Crocker Partners, said in a prepared statement.<\/p>\n<p>Even pre-makeover, Citigroup Center was a magnet for office users seeking trophy-quality accommodations. The building is home to the likes of Morgan Stanley and anchor tenant Citigroup, which inked a 15-year <a href=\"https:\/\/www.commercialsearch.com\/news\/citigroup-stays-devoted-to-reborn-trophy-tower\/\">lease renewal<\/a> for 125,000 square feet in 2015.<\/p>\n<h2><strong>A STRENGTHENING MARKET<\/strong><\/h2>\n<p>The Miami-Dade office market is the strongest in South Florida, and continues on the upswing, buoyed by an increase in employment, according to a third-quarter report by Avison Young. Class A space is in demand, with growth in the financial and professional services sectors leading the call for premier square footage.<\/p>\n<p>Overall, the forecast for the Miami-area office sector is a sunny one.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crocker Partners has completed the upgrade of the 803,000-square-foot office tower, refurbishing the exterior, transforming the lobby and creating the largest tenant amenity conference center in the downtown market.<\/p>\n","protected":false},"author":969,"featured_media":1004201811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21783,1492,21742,21747,32781],"tags":[37884,33742,38705],"class_list":["post-1004201809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-investment","category-miami","category-latest","category-office","category-southeast","tag-citigroup-center","tag-crocker-partners-llc","tag-richard-meier-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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