Hines to Develop Office, Mixed-Use Tower at Miami Worldcenter
45-Story, 600,000-SF Spec Development Coming on 27 Acres in Downtown Miami
May 23, 2017 | by Justin Sumner | CoStar
International real estate firm Hines plans to develop a new office-led, mixed-use tower at 110 10th St. in the heart of downtown Miami, FL. Hines expects to commence construction in the second quarter of 2018, with an anticipated initial occupancy date in the late 2020 or early 2021.
Set to rise within the 27-acre Miami Worldcenter, which ranks along with Manhattan’s Hudson Yards as one of the largest private real estate developments underway in the U.S. right now, the tower will total 600,000 square feet over 45 stories comprising class A premium office space above ‘high-street’ retail. When completed, Hines said it will be the first office building of this scale to be completed in Miami’s CBD in the past eight years.
The development site is located between northeast 1st and 2nd Avenues and northeast 9th and 10th Streets, adjacent to Miami Worldcenter’s 360,000-square-foot retail promenade. The 10-block mixed-use development will include a mix of retail, hospitality, residential and commercial uses. Construction of Miami Worldcenter’s first phase, which includes a retail component, the 50-story Paramount residential condo tower and a class A rental apartment building, began in 2016.
