Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, announced it will begin leasing and construction in the coming months for their new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza alongside Cube 3 as the architect of record named The Fifth Miami Beach. This will be the first commercial building in the United States and the first building in Miami designed by Baeza, who won Spain’s National Prize for Architecture last year. It will also be the first new commercial building to be built in Miami Beach’s South of Fifth neighborhood in more than 15 years, located at 411 Michigan Avenue between 4th and 5th Streets. This summer, less than one year after acquiring the 21,000-square-foot site, Sumaida + Khurana and Bizzi & Partners received unanimous design approval from the Historic Preservation Board of Miami.
The Fifth Miami Beach will redefine the modern office experience with a design that evokes poetic architecture through simplicity, beauty, and exquisite detailing. Its striking jewel box shape features a facade of precious white marble, transparent glass, and clean white concrete. Sumaida + Khurana and Bizzi & Partners emphasized health and wellness throughout every development aspect. The building incorporates several biophilic design elements, making it an elevated oasis, including massive, landscaped outdoor terraces, a majestic triple-height atrium at the building’s core, and an impressive rooftop with expansive ocean and water views. It also includes many amenities, including two dining venues, indoor and outdoor gyms, and a spa. With interiors designed by renowned architectural firm Gabellini Sheppard Associates, a custom home’s quality level of interior details, finishes, and materials are expected.
The Fifth Miami Beach. Credit: TECMA.
“At The Fifth Miami Beach, we have sought to deliver a singular boutique office product that has not previously existed. Thoughtfully integrating contemporary architecture and craft, private fitness and spa amenities, expansive outdoor space, lush landscaping, curated dining options, and bespoke building services, our objective has been to think of the office building as a holistic ecosystem that supports the well-being and spatial experience of its tenants,” said Amit Khurana, Founding Partner, Sumaida + Khurana.
The building consists of a monumental marble lobby with 33-foot ceiling heights and a large atrium that runs through its core. The building spans five floors, each appearing to float effortlessly due to the custom steel edge details found along the concrete slabs. Office ceiling heights reach 14 feet and offer a great sense of light, air, and outdoor space throughout every level. Each floor includes extensive wraparound terraces created for relaxation or group gatherings where colleagues can meet. It also incorporates multiple amenities for tenants to share, including a crowning rooftop space offering unobstructed views of the ocean and Miami Beach; a state-of-the-art fitness center and spa wrapped in custom oak millwork and tundra marble; on-site dining venues providing healthy dining options; and a best-in-class dining establishment that will occupy the ground floor and mezzanine space. Two historic houses on site will be carefully restored and incorporated into the building’s design. One will be geared towards becoming a café serving healthy options, and another will include a private courtyard seating and a butterfly sanctuary garden.
Lobby – The Fifth Miami Beach. Credit: TECMA.
“Alberto Campo Baeza’s architectural design features understated elegance, purity of design, and subtle detailing that creates a calm, meditative ambiance that sets the tone for the rest of the building. We have assembled a stellar team to create an environment that is of the highest quality. In addition to Campo Baeza and Gabellini Sheppard Associates, award-winning firm Cube 3 serves as the executive architect, and renowned firm, Miami-based Urban Robot Associates will be the project’s landscape architect,” said Alessandro Pallaoro, Managing Director, Bizzi & Partners.
Global commercial real estate firm Cushman & Wakefield will oversee office leasing efforts and is being led by Brian Gale, Ryan Holtzman, and Andrew Trench. Miami Beach-based commercial retail brokerage firm Avenue Real Estate Partners will be handling retail leasing led by Aaron Butler. Rents for office spaces are going for $170 per square foot, according to The Real Deal.
Office – The Fifth Miami Beach. Credit: TECMA.
“The Fifth Miami Beach, which measures 60,000 square feet, will be the highest quality boutique office building ever built in the United States. We have never seen a product at this scale that offers the same architectural pedigree, custom finishes, and best-in-class amenities. It will be the perfect offering for flight to quality tenants,” said Brian Gale, Vice-Chairman of Cushman & Wakefield.
Fitness Center – The Fifth Miami Beach. Credit: TECMA.
Rooftop Lounge – The Fifth Miami Beach. Credit: TECMA.
The project has been designed to meet LEED certification standards. It will feature environmentally friendly materials and construction methods, high energy efficiency, reduced water consumption, and advanced air quality and filtration systems. The building is situated at the entrance to Miami Beach from the MacArthur Causeway, in the South of Fifth neighborhood at the corner of Michigan and Fifth Street. SoFi has quickly become an exclusive enclave home to many popular restaurants, hotels, hot spots, and high-end condos.
Sumaida + Khurana and Bizzi & Partners are world-renowned for developing some of the world’s most significant real estate projects, collaborating with critically acclaimed architects and designers. New York-based Sumaida + Khurana collaborated with Pritzker Prize-winning architect Tadao Ando to design 152 Elizabeth Street and Pritzker Laureate Alvaro Siza for 611 West 56th Street. Bizzi & Partners, which has offices in New York, Milan, São Paulo, and Tallinn, worked with Pritzker Prize-winning architect Renzo Piano to design both 565 Broome SoHo in Manhattan and Eighty Seven Park in Miami. The firm also developed the Langham Hotel in New York, designed by Charles Gwathmey.
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Rents will be about $125 psf, right? Maybe $50,000 per month for a 5,000 sq ft space?
The Real Deal says rents will be $170 psf.
They are in la la land to shoot for $170 psf NNN rent.
They will be lucky to get $100 psf NNN.