The recently completed 600 Brickell at 600 Brickell World Plaza, is not only Miami’s newest commercial real estate tower – it’s also the only building that’s been LEED pre-certified platinum, the highest green rating offered. WSH handled land use and zoning issues for the project in its infancy.
The building was developed by Miami resident Loretta Cockrum. She began the design and construction process in 2006, and broke ground in early 2007. Although construction was slowed by the recession, Cockrum employed a team of architects, engineers and builders to improve the structure. The structure was built at a cost of $310 million, including $180 million of equity. The end result was a 614,000 steel and glass structure that is environmentally sustainable and technically innovative. Rooms are equipped with automatic light savers, and rainwater is collected and recirculated to the building’s cooling towers, with overflow directed to the irrigation system and to the plaza’s fountain. Wireless internet is available throughout the building and the plaza.
Although the building is not full of tenants yet, bids are under consideration from numerous applicants. Marketing for 600 Brickell will caters toward tenants with the need for connectivity and sustainability. Office space may be marketed to South Florida businesses with leases expiring within five years for $42 to $46 per square foot, as opposed to competitive properties, currently marketing similar space for $40 to $44 per square foot. As the market improves, hopes are high that investment in the cutting-edge tower yields a solid number of tenants.
Author(s): Brooke P. Dolara