{"id":1004699561,"date":"2024-01-26T04:24:17","date_gmt":"2024-01-26T12:24:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004699561"},"modified":"2024-02-01T01:12:55","modified_gmt":"2024-02-01T09:12:55","slug":"sterling-bay-key-international-to-develop-miami-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sterling-bay-key-international-to-develop-miami-office-tower\/","title":{"rendered":"Sterling Bay, Key International to Develop Miami Office Tower"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a44983e8f2b1&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"600\" data-attachment-id=\"1004699635\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sterling-bay-key-international-to-develop-miami-office-tower\/848-brickell-balcony\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/848-Brickell-Balcony.jpg\" data-orig-size=\"794,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&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;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"848-Brickell-Balcony\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/848-Brickell-Balcony.jpg?w=794\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/848-Brickell-Balcony.jpg\" alt=\"Rendering of 848 Brickell balcony in downtown Miami\" class=\"wp-image-1004699635\" style=\"width:367px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/848-Brickell-Balcony.jpg 794w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/848-Brickell-Balcony.jpg?resize=300,227 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/848-Brickell-Balcony.jpg?resize=768,580 768w\" sizes=\"auto, (max-width: 794px) 100vw, 794px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Rendering of an 848 Brickell balcony.<em> Image courtesy of Sterling Bay<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Sterling Bay<\/strong>, a national real estate development firm known for building <a href=\"https:\/\/www.commercialsearch.com\/news\/sterling-bays-gloor-on-developing-office-in-interesting-times\/\">creative office and mixed-use projects<\/a>, is teaming up with <strong>Key International<\/strong> to develop 848 Brickell, a 51-story Class A tower proposed for downtown Miami\u2019s Brickell submarket. <strong>JLL<\/strong> has been tapped to lease the project.<\/p>\n\n\n\n<p>Andy Gloor, Sterling Bay CEO, said in a prepared statement, Miami is the nation\u2019s new epicenter for commercial growth. He called Brickell, located in the city\u2019s growing financial district, the <a href=\"https:\/\/www.commercialsearch.com\/news\/mixed-use-development-bolsters-miami-office-pipeline\/\">hottest submarket<\/a> in the country right now for commercial office development.<\/p>\n\n\n\n<p>Subject to zoning approval by Miami-Dade County, the tower will have more than 750,000 square feet of Class A office, curated ground-floor retail space totaling 7,500 square feet and on-site parking facilities for more than 1,000 vehicles. The project is being designed by <strong>Skidmore, Owings &amp; Merrill<\/strong> and is aimed at the evolving needs of modern businesses and professionals. The building will feature hospitality-inspired workplace amenities including on-site, tech-enable conference facilities, a luxury fitness center, expansive outdoor terrace, as well as lifestyle amenities like padel tennis courts\u2014a mix between tennis and squash\u2014and private open-air lounges.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/what-lies-ahead-for-retail-in-2024\/\">What\u2019s Ahead for Retail in 2024?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The location will offer tenants ocean and Brickell Avenue views and quick access to the neighborhood\u2019s dining, retail and entertainment destinations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-creative-office-experience\">Creative office experience<\/h2>\n\n\n\n<p>Diego Ardid, co-president at Key International, a global real estate development and investment firm with more than $8 billion in diversified real estate transactions since its 1970 founding, said the firm strategically selected Sterling Bay as its co-developer because of the company\u2019s expertise in creating world-class offices. The new office tower will replace Key\u2019s 13-story headquarters at the current 848 Brickell Ave. location. Key International has a strong presence in Florida, Spain and Portugal. The firm has developed more than 10 million square feet of commercial real estate including more than 6,000 residential units and more than 3,300 hotel guestrooms such as the Eden Roc Resort Miami Beach and the Marriott Stanton Hotel South Beach.<\/p>\n\n\n\n<p>Chicago-based Sterling Bay, which manages a portfolio exceeding $20 billion in real estate assets across the creative office, industrial, residential and life science sectors, has constructed spaces for major corporations like Google, McDonald\u2019s and Dyson. In 2019, Sterling Bay completed its first <a href=\"https:\/\/www.commercialsearch.com\/news\/sterling-bay-enters-miami-market-with-creative-office-project\/\">Miami office development, 545wyn<\/a>, which marked <strong>Wynwood<\/strong>\u2019s first-ever Class A office building, sparking a boom in Wynwood\u2019s commercial activity, and bringing major tenants to the submarket, including Sony Music, PwC, MIAX, Gensler and Slalom.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plans call for a 51-story Class A skyscraper in the city\u2019s hot Brickell submarket.<\/p>\n","protected":false},"author":1068,"featured_media":1004699635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1492,21752,21742,21747,21749,32781],"tags":[32796,35806,37021,33248],"class_list":["post-1004699561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-miami","category-mixed-use","category-latest","category-office","category-retail","category-southeast","tag-jll","tag-key-international","tag-skidmore-owings-and-merrill-llc","tag-sterling-bay-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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