Office

Hudson Yards Developer Proposes Largest And Tallest Office Building In West Palm Beach

As office leasing activity continues to show no signs of slowing down, Related Companies (Related), the New York-based developer behind the $25 billion Hudson Yards complex in Manhattan’s West Side, reveals plans for the largest office tower in West Palm Beach. The 25-story project, going by the name 515 Fern, is proposed to yield 471,000 square feet of space including 456,000 square feet of office space and 15,000 square feet of retail space to meet the area’s high demand. Addressed as 515 Fern Street in the Downtown corridor, the 374-foot-tall structure would become the tallest office building and the second-tallest building in the city. If approved, 515 Fern is expected to break ground sometime in 2023 and complete construction in 2025.

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Citadel Leases 90,000 Square Feet Across Six Floors At 830 Brickell In Miami’s Financial District

Ken Griffin’s Citadel, a multinational hedge fund and financial services firm, signed the largest office lease to date at the under construction 830 Brickell, a 55-story Class A-Plus office tower that just recently topped off in Miami’s Brickell Financial District. The firm is taking up 90,000 square feet of space across six floors at the 724-foot-tall tower, which is designed by Adrian Smith + Gordon Gil Architecture with interiors by Iosa Ghini Associati and developed by Vlad Doronin’s OKO Group and Jonathan Goldstein’s Cain International. Construction is expected to complete later this year, anticipated to yield nearly 640,000 square feet of space. Civic Construction is managing construction with Ant Yapi.

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Miami Beach City Commission Votes In Favor Of The Gardens At Lincoln Lane

The City Commission of Miami Beach voted 5-1 in favor of The Gardens at Lincoln Lane, a low-rise mixed-use development slated for South Beach that will comprise just under 130,000 square feet of Class-A office space, 25,000 square feet of street-level retail, and more than 425 easily accessible parking spaces. The project is designed by Brandon Haw Architecture, along with West 8 Urban Design & Landscape Architecture, and includes a 6-story building on a 0.9-acre lot at 1680 Lenox Avenue, and an 8-story building nearby on a 1.1-acre lot at 1080 Lincoln Lane North in the Lincoln Road District. The Gardens at Lincoln Lane is a joint venture between Starwood Capital Group, Integra Investments and The Comras Company, and the project now moves on to the November ballot, which will seek voter approval.

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Oak Row Equities (Formerly Carpe Real Estate Partners) Acquires 2.1-Acre Edgewater Assemblage For Mixed-Use Development

Carpe Real Estate Partners, a vertically integrated real estate private equity and development company, founded by Erik Rutter and David Weitz in 2018, announced a rebrand to Oak Row Equities. The name change comes as the company continues to mature from its launch in 2018 with one property under management to now over three million square feet under development and one billion dollars of assets under management. In addition to the rebrand, Oak Row Equities announced that it has closed on the acquisition of a 2.1-acre site on one of the last remaining undeveloped city blocks in the urban core. The firm acquired 2600 Biscayne Boulevard in Miami’s popular Edgewater neighborhood for $35 million to develop a mixed-use project designed by architecture firm Arquitectonica. Oak Row Equities is one of Miami’s fastest-growing real estate development firms with active projects in Wynwood, North Miami Beach, Edgewater, and the Design District.

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