Hines is considering adding residential units to their 45-story 110 10th mixed-use tower, set to break ground this year at Miami Worldcenter.
Earlier this week, architect Pickard Chilton’s website was showing that the tower would include 12 floors of office and 14 floors of residential, along with retail on the lower portion. The website was later modified after The Next Miami asked Hines to confirm the residential development.
Hines’ website also published a profile of the project manager for 110 10th, stating that he was particularly interested in residential micro-units.
“When Hines approaches a new ground-up development, our priority is meeting market demand, returning value to our investors, and creating something architecturally prominent and additive to the built environment. From the time Hines launched 110 10th Street at Miami Worldcenter, we have envisioned building up to 600,000 square feet of Class-A office space, and that plan remains intact. Our initial market analysis indicates strong demand for both office space and multifamily units, so we are keeping our specific plans flexible for the time being. Regardless of what Hines ultimately brings to market, the result will be a well-located, well-connected asset that complements the retail, residential, hotel and commercial uses at Miami Worldcenter,” said Mark Clegg, Vice President, Corporate Communications for Hines, in a statement released to TNM.
Hines will be funding development with equity.
Multiple well-placed sources familiar with Miami’s Amazon HQ2 bid have stated that the tower is being offered as shovel-ready office space.
Construction is still slated to take place this year, a Worldcenter spokesperson said. The project still hasn’t been review by Planning & Zoning.