Eastern National Bank Moving Out, Building Will Be Demolished For One Brickell City Centre

An office building slated for demolition to make way for One Brickell City Centre is being vacated by Eastern National Bank, which formerly owned the building.

The bank signed a lease to move their headquarters to Dadeland from Brickell Avenue, according to a press release (via TRD).

They have been operating on a lease from Swire Properties. The bank sold their 197,611-square-foot Brickell headquarters to Swire in 2011 for just $13.1 million in 2011. The property, which includes 50,172-square-feet of land, is now worth multiples of that price.

Swire intends to demolish the office building to build the mixed-use 1,049-foot tall One Brickell City Centre. The developer recently topped off several other building withing the Brickell City Centre complex.