Office Building Across From Brickell City Centre Will Be Converted Into Retail

Across from Brickell City Centre, an investor is planning to convert an old office building into a retail and restaurant center.

The Barlington Group is in contract to buy the building at 90 Southwest Eighth Street, which had an asking price of $33 million, according to The Real Deal. The company already owns the Blackbird Ordinary building across the street.

Barlington plans to invest a total of $45 million to buy and renovate the property. They are already marketing the property for lease (at $125 per square foot on the ground floor), and plan to close on the purchase in the fall of 2017.

Renovation work is expected to last six months, according to Barlington.

Touzet Studio is the architect.

 

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Anonymous
4 years ago

Call me basic but we need Chipotle in Brickell.

Anonymous
4 years ago

Haha! Yes!!! There’s only so many art galleries and high end boutiques we can take before we need something more practical.

Marc305
4 years ago

I agree! Either that or Giraffas.

Anonymous
4 years ago

Panera!!

Anonymous
4 years ago

Chipotle has a letter of intent on space in brickell heights… Its coming dont worry.

Edin
4 years ago

Fall 2017,to close on the purchase!?
Can anything in this city be done in a week or month time,I can imagine it’s year 2050 and we have big opening of Metro from Miami to MB.In same time Chinese building first highway on the Mars.
We are so behind in everything, please GOD help us.

Anonymous
4 years ago

People always complain about this. As an employee of a developer, it takes MONTHS of due dilligence, permit filing, utilities, land use attornies, site planning bidding out etc to start a project. Places like China can build a road in a week but realistically it is not part of a fair system.

Gables
4 years ago

Thank goodness. This is a huge improvement for this currently ugly building. Hopefully it’s a sign of things to come.

another William... but handsomer...
4 years ago

Im longing for Barnes and Noble….

FH
4 years ago

Excellent news. That building has been empty and collecting dust and trash for a while, about time someone snatched it up. I second the Barnes and nobles or Books&Books comment…

William
4 years ago

I like the location and long term investment on the land but fail to see the retail value at the prices they will probably need in order to cover their expenses. But that is probably why i’m an armchair quarterback…

Anonymous
4 years ago

It’s a long term play..they’ll recoup and make some money after about a ten year hold given strong occupancy. Miami isn’t a place where you can buy land cheap and throw up a publix center and sell it for a 20 % return. It’s an opportunistic market and people will take those risks for low return just for the sake of having their money in a strong and competitive metro.

Danny
4 years ago

Great news for the area.

Edin
4 years ago

Fall 2017 to close on the purchase!?
Can anything in this city be done in a week or month time?
I can imagine it’s year 2050 and we have finally finished construction of METRO between Miami and MB,while in same time Chinese building first highway on the Mars.
We are so behind of the rest of the world,GOD help us.

Really???
4 years ago

Were in the process of putting up like 20 buildings in Brickell over the past few years and your complaining about slow development?????? I’d like to know where you think they are doing things fast.