New CityCentre Tower Announced as One Brickell CityCentre
“The 80-story tower named would be the tallest in the project which is currently under construction. Along with the rest of the project the tower is designed by Arquitectonica and would house more Class-A office space, more condominiums, more retail space, and another hotel. It would also be the project’s grand entrée to Brickell Avenue. In the press release Swire says that the company “intends to work with the City of Miami to have One Brickell CityCentre approved as an extension of the existing Special Area Plan.” Translation: they don’t want to go through the bother of another approvals process and are hoping the city caters to them considering the vastness of the project.”
Swire acquired the 1.5 acre site at 700 Brickell Avenue for $64 Million in July, signifying just how committed they are to this unprecedented endeavor. Indeed, the project is already worth well over $1 billion, making it among the most expensive preconstruction developments in South Florida(which says a lot, given the constant growth in the region).
Construction of CityCentre first began on July 2012 and is scheduled to be completed in 2015. Spanning 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 space, accommodating office, residential, hotel, retail, entertainment purposes. 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 7-acre underground parking garage underneath 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. Some of the most advanced technological and engineering marvels will be utilized to create nothing short of an urban masterpiece.
It’s developments like One Brickell CityCentre that make explain why Brickell regularly ranks as one of the fastest-growing and most desirable communities in all of South Florida. To keep tabs on these exiting developments, or to acquire your own phenomenal Brickell residence, call Brickell.com at 305-379-0203.