Hines plans 45-story office building in Miami Worldcenter
Written by Miami Today on May 22, 2017
International real estate firm Hines announced plans Monday to develop 110 10th Street, a 45-story, 600,000-square-foot office-led, mixed-use tower within Miami Worldcenter. 110 10th is to include Class A office space and high-street retail.
The tower will be the first Class A office building of scale constructed in Miami’s Central Business District in eight years, and will rise between Northeast First and Second avenues and Northeast Ninth and 10th streets, adjacent to Miami Worldcenter’s 360,000-square-foot high-street retail promenade.
Construction of Miami Worldcenter’s first phase, which includes high-street retail, the 60-story Paramount luxury condominium and a Class A rental apartment building, began in 2016. The 10-block mixed-use development is to include world-class retail, hospitality, residential and commercial uses.
Hines said it expects to start construction on the building in the second quarter of 2018 with initial occupancy in late 2020 or early 2021.
“Our vision for Miami Worldcenter has always involved working with a world-class team of developers to create a mix of uses that addresses downtown Miami’s commercial and residential needs and contributes to the city skyline,” said Nitin Motwani, managing principal for master developer Miami Worldcenter Associates. “More companies are moving to downtown Miami each day and existing brands are expanding here. An office tower at Miami Worldcenter will offer tenants a chance to be in a mixed-use setting that’s centrally located, walkable and connected.”