One Brickell City Centre Site Listed For Sale

Swire Properties has hired a broker to sell the One Brickell City Centre site, according to Bloomberg.

Swire president Henry Bott told the news agency that preleasing had not materialized for the massive office tower in the way that had been hoped.

One Brickell City Centre had been planed to rise 68 stories, or 977 feet, putting it just below supertall height.

Demolition of a smaller office building on the site has been completed, while a demolition permit for another building has been applied for.

Swire will instead proceed with building two Mandarin oriental towers nearby on Brickell Key, including one rising 850 feet.

There are already $800m in contracts at the Mandarin project, the report said. Swire will use funds from a potential One BCC sale to fund the Mandarin development.

 

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Azure
12 days ago

No surprise. Miami can’t absorb the amount of commercial space being planned. A bit too ambitious. Too bad, it was a lot nicer than Citadel’s tower.

Anon
12 days ago

Citadels KPF stunner is far superior to ARQ’s bland attempt at an office tower

YTECH oddly
12 days ago

100% Accurate.

peej
12 days ago

accurate? KPF isn’t involved, Foster + Partners designed Citadel…

Anon
12 days ago

I’m sorry I got my Brickell office projects confused – my point still stands tho 😛

Nancy
12 days ago

I think Miami can absorb the amount of commercial space planned but it was probably planned poorly on their end. Hopefully someone else will pick up the project and plan it better.

Azure
12 days ago

I’m not sure about that. The entire city of Miami recorded a positive net absorption of 1.8 million SF since early 2021. Meaning it took 3 years to fill roughly the same amount of space in this one building. They had a plan and pre-leasing didn’t pan out unfortunately. I don’t see how that would change with a different owner.

Anon13
12 days ago

This is exactly the problem. Between Citadel and Santander, there is already too much office coming up. Not to mention each of those buildings will be owner occupied. Plus there’s 848/Key International and other projects that might still happen.

Lenny
10 days ago

Miami is not evolving post covid. Period. People are going back to NY, back to LA, etc. I see it on the ground in Brickell. I’ve met with CEO’s – the noise and idiots driving aroud the area does play a part but the demand has faded. We needed to play it perfectly and moron city commissioners (Damian Pardo) couldn’t stop little kids from driving around and giving an unprofessional vibe to our community. So we lost our world trade center cuz no wants to come. Time to stop thinking everyone is coming and get real.

Veruca Salt
8 days ago

Very wrong Lenny.
Miami has been evolving for 50 years, and while the growth rate varies, it has been positive for all those years except, maybe, 2009.

Florida surpassed New York as the most populous state in 2015. While most of that growth has occurred in S. Florida, one thing is for sure. The most internationally known and respected city in Florida is Miami, and it continues to grow and evolve.

New York City is awesome, and the greatest city in the USA, but Miami is gaining a lot of new investment, and anyone whose invested before is investing again.

Balthazar Bratt
11 days ago

Probably true in the big picture.
The absorption figures are usually a NET number depending on the source you are citing.
As in, if a 500,000 Class C Kendall office park goes totally vacant, and 830 Brickell leases up 600,000 sq ft. there is 100,000 Net Absorption.

In real life, there is a very high demand for Class A office in Brickell. Even so, if the idea is that leasing up 4 or more Class A buildings over a million sqft each, within 10 blocks of each other, and expecting top dollar is what is giving you concern, I’m with you 100%.

Truth Matters
12 days ago

In another generation.
We probably won’t see the lot built.
Shame as it is such high profile corne

sadly
11 days ago

Might as well have left the Miami Today building after all..

Anonymous
12 days ago

I wasn’t surprised either, unfortunately. This is an era of cancelled office projects all over the country, due to dwindling demand. Miami can’t escape that fact. Add the stronger likelihood of the Citadel and Santander projects, and that’s a lot of office space nowadays. The only other city I know of building office space is NYC.

anon
12 days ago

not to mention Santander’s office is catering almost exclusively to LATAM operations which seem to be the only in-demand business here.

Anonymous
12 days ago

We have so many top talent from all over world and northeast, why would an entire tower cater to just one demographic? This is fake news.

Lenny
10 days ago

We don’t – that’s a farce.

Ralph
10 days ago

Hello..it’s Miami the town was built by the Cubans and all of Latam..(Escobar)

Veruca Salt
8 days ago

Get educated brother.
Miami was founded by people from Cleveland and Indianapolis.

Disappointing news
11 days ago

I wish Santander kept its building and then the new tenants its recruiting went to OBCC. I know that it’s not the differential here but I’d rather see both lots filled than one building knocked down for a new building and the other lot remain empty

sadly
9 days ago

Yeah it’s a bit surprising when modern buidings less than 50 years old are targeted vs empty lots or at least other less significant buildings. 20 years ago when One Bayfront Plaza was first proposed, even the 1959 original OBP building there didn’t seem that old, but that one was justified mostly because it’s not worthy of it’s literal top tier, A1 front and center location.

Anonymous
12 days ago

People would go to the office if it was in Miami they just hate the winter and dirty west coast cities

Anonymous
12 days ago

This is the Citt of Miamis fault for not doing more to address cross walks and all the road and landscaping designs we need from I95 to the bay in Brickell

anon
12 days ago

^^more proof the average IQ on this site is room temperature

Veruca Salt
8 days ago

True…if the A/C is kicked on high.
68 tops.

Chase Morgan
12 days ago

The City of Miami should prioritize and accelerate public-facing projects and services throughout Brickell, especially in Joe Carollo’s District 3, where much of the new development is concentrated. This includes creating new parks, redesigning roads, adding crosswalks and traffic lights at every intersection, installing in-ground lighting, removing FPL wires, building new bridges to downtown, and enhancing sidewalks. Without proper infrastructure in Brickell, Miami risks losing its status as a vibrant and thriving city.

anonymous
12 days ago

thats wishful thinking considering they cant even pickup trash properly or maintain the MM running smoothly.

Jordan
11 days ago

Brickell is doing fine.
Dry your eyes.

Brickell Resident
11 days ago

Doing fine? Tell that to the folks who spent big dollars for an apartment at SLS Lux only to have an office building constructed 25 feet away from their bedroom and living room windows.

They have to live with curtains drawn 24/7 and their view is looking over a cubicle worker’s shoulder to see Excel workbooks flickering on the monitor.

The worst part? There’s absolutely zero charm to the growing neighborhood – it lacks the social fabric that makes great cities great.

Thoughtless greed.

Anonymous
11 days ago

Are we supposed to feel sympathy for buyers who bought a condo next to an empty lot ripe for development? What did they expect would happen?

logic
11 days ago

No one is asking to ‘feel sympathy’. At the same time, we should think holistically about where buildings are being built, what is their relationship to existing buildings, and how they integrate into the city. These issues have an effect on existing property values and also the desire of newcomers to move the Miami and Brickell and find a home. If many of the properties where people live are rendered undesirable by non-stop thoughtless development, then the city will have a problem. Not to mention people whose property values will decline, tax revenues decline, etc.

Veruca Salt
7 days ago

Wow…
Nice post big thinker.
Test your logic.
SLS Lux was doing pre-sales in 2015 and opened in 2018.
From 2018 to 2025, how much did the “property values decline”?

Just for fun….pick an 04 line. The 3 Bedroom apartment whose balcony wraps all the way around and faces 830 Brickell.

Report back. How “undesirable” are these homes?

Veruca Salt
7 days ago

Good point. There are only two lines that face 830 Brickell, and no one really cares about views there anyway. It is the location in the Financial District and that amazing amount of amenities in SLS Lux and the plethora of art every where. D’uh.
Not many residences can have a 9th floor spa, gym, pools, tennis courts, basketball courts, putting green, rock climbing wall, outdoor playground for kids, indoor playroom for kids, restaurants, 46th floor Cigar/Wine/Billiards room, and 45th floor Jacuzzi’s.

None of my neighbors were surprised or disappointed when the 830 Brickell came to improve that crappy Chicken Kitchen lot. Only really really stupid people wouldn’t imagine that development would stop the minute that they bought a place.

Anonnn
11 days ago

This is what you’re complaining about??? Openly admitting you spent $1 million+ on a condo expecting the giant vacant lot next door (that had renderings/plans already) was going to remain vacant?

Bob Art Guy
11 days ago

YEP… Brickell has a soulless problem. For example, look at the monstrosity being built right on the sidewalk – at the extreme south end of Brickell. What about set backs

Veruca Salt
8 days ago

Wow! Great comment! I do not have to “tell that” to folks. I actually bought an apartment in the SLX Lux and lived there when it opened in 2018.

What a great place! I loved hanging at the 9th floor (hotel) pool with people from around the world and drink service all day long for all those years. The 58th Floor pool with my neighbors was cool too…much more private…but with incredible views over the bay the ocean all the way to Turkey Point.

It was fun to have the Nelk Boys and all their Lambos parked next to my humble SUV. Super humble guys in my elevator on the way to their PH.
It was also great to walk across the street to Casa Tua, and one block to my office.
Great friends, great neighborhood. It is always nice to go back and see friends there. Sometimes sorry that I left.

Sadly, I left in 2021, and now that apartment is well over a million now. Ooops!
But is was a great place to live and enjoy every day of so many years.

Balthazar Bratt
11 days ago

For sure, 1.6 Million of new office is a lot when you have so many other office buildings breaking ground at the same time. VERY risky.
The last leases in the 830 Brickell building were going for $180 per sq ft NNN. But that building is “only” 600,000 sq ft total.
With 3 other 1,000+ ft tall Class A office/mixed use buildings, it makes total sense for Swire to sell and get 100% of their proceeds, rather than to partner with Related for 50% of what might be a world of hurt and capital calls.

Given that Amazon just signed a 50,333-square-foot office lease yesterday in Wynwood (probably around $65 or 70 per sq ft. there is still demand for Miami office, and Miami continues to attract new to market business. But 4 skyscrapers of 1Million + sq ft of office at the same time expecting $150+ per sq ft NNN is VERY ambitious.

Bob Art Guy
11 days ago

Citadel’s design and vibe much better than this ugly box

anonymous
12 days ago

Swire missed the timing to do a large scall office complex. 830 Brickell office tower signed some huge leases over the last few years and got very lucky on their timing. Now it seems like finding marquee tenants is more difficult and this makes sense to offload the site to another developer and focus on mandarin oriental.

Dale
12 days ago

How many cycles has Swire missed with this plot ?

sadly
12 days ago

Two

Bob Smith
12 days ago

I thought that all of Wall Street was moving to Florida.

Anon
12 days ago

Thats just a pump-line used by Miami bros.

Anonymous
12 days ago

The pump-line was apparently they’re all moving to Miami… except they’re moving to West Palm Beach instead.

Anonymous
12 days ago

West Palm doesn’t even have transit system and too far behind Miami

Balthazar Bratt
12 days ago

More evidence that “transit systems” are not that important.

Brickell Resident
11 days ago

That’s the stupidest statement ever in the realm of urban development.

Tell that to Tokyo, London, Paris, New York…

Unless you’re a fan of the Los Angeles or Sao Paulo approach, which it appears no one who actually lives there is.

Ralph
10 days ago

WPB Is open ground. You have big roads. Tons of parking all new infrastructure. You can rock the Bentley everyday..

Anonymous
11 days ago

lol there are 100% more financial services companies in Miami, prob 10x the amount today. Not even including banks (we have some of most international banks in the USA in Miami)

Lenny
10 days ago

name them! Why couldn’t One BCC get one lead tenant? One….get real

Veruca Salt
7 days ago

Just walk from the Miami River to Echo on Brickell Avenue. Every office building has an International Bank, and there at lease 21 Consul General Offices in that 10 block walk.

Lenny
10 days ago

1000% – it ain’t happening, I love Brickell but it’s not NYC -walk around on a tuesday and you idiots in JC Penny suits talking nonsense – and not many of them.

Anonymous
12 days ago

Those were all lies to make blue NY look bad and red Florida look good in an election year. The truth is NY has problems but it’s not the disaster the media protrays. And Florida is not the free state of FL either.

Sam Adams
12 days ago

Isn’t Miami the best city in the world?

Anonymous
12 days ago

I don’t know if its the best or the worst or in the middle, but I love it.

Anonymous
12 days ago

NYC used to be awesome. Not anymore unfortunately. Its not a cesspool but it is not definitely great. And to be honest politics are the cause of its demise. Florida has problems too, Everyplace does, but it is definitely much freer than NY.

Brickell Resident
11 days ago

You folks obviously know nothing of NYC’s history – it’s resilience has allowed it to reinvent itself time and again over the last 200 years.

Lenny
10 days ago

True…..it’s embarrassing that this building got scrapped. Sad. NYC has new office buildings all over that are filling up fast. We are not the wall street of the south.

Veruca Salt
7 days ago

I know a bit about NYC’s history. I worked there in 1992, only 29 removed from when NYC went bankrupt.
I witnessed my first stabbing there.

Guiliani cleaned it up, and NYC turned for the better. NYC is a very special place and I love it.
Not the garbage bags leaking out goo on the sidewalks, or the urine scented underground subway stairs and corridors. But the other stuff is very cool.

Anonymous
12 days ago

It has been going on for many years beyond election cycles.

J.M.
12 days ago

At least Miami doesn’t smell like piss.

Downtowner
11 days ago

I can only assume your olfactory nerves stop functioning when you’re in Miami – and likely inside your car with the A/C cranked up and the windows closed.

NYC is a dump.
12 days ago

Annon

Anonymous
11 days ago

Not only Wall Street but midtown and silicone valley too 🤣🤣

Todd Jones
12 days ago

I’ve heard that the Vatican is considering moving from Rome to Miami. Might they take the space in this tower?

sadly
9 days ago

One Vatican City Centre

Anonymous
12 days ago

Can’t believe Swire can’t find another use for one of the more premiere parcel in the city.

Anonymous
11 days ago

They should have stuck with a mixed used tower… was originally supposed to be office, residential and hotel

Lars
12 days ago

This is a tragic news for what was the most important development in Miami. The link to BCC had the potential to actually make Brickell what everybody wants it to be.

Cover the Podiums
12 days ago

I called it. Something was off when they were taking forever with the demo

Por qué?
12 days ago

Noooo! I really liked this one.

.305
12 days ago

I wonder if the site will switch to residential?

Anon
12 days ago

Yes, I can see 2 generic condo towers rising there unfortunately.

Antennae
12 days ago

Designed by the same firm with the same, tired galavanting balconies

Lenny
10 days ago

I don’t think so – we needed high paying jobs and companies to move here. Didn’t happen.

Veruca Salt
7 days ago

Has been happening. You are just hanging out with average and below average people who do not have a clue as to what is happening in Miami.

.305
12 days ago

Yes, I was afraid of that…for such a special location

Anon
12 days ago

Two more ARQ grey/white bores with a random brand attached (with zero relation to the architecture) and undulating balconies no doubt.

Brickell Resident
11 days ago

Let’s not forget the heat reflected off all of these glass towers onto the streets below. It’s going to be unwalkable.

What a world class city!

Anonymous
12 days ago

You can see 2 generic condo towers rising there? We may see that or we may see a nice tower, there are some nice towers coming to Brickell Ave like 848 Brickell. 888 Brickell and 1428 Brickell

Todd Jones
12 days ago

On top of a 20-story concrete parking garage.

anonymous
12 days ago

hopefully not. Mixed use if anything. I was looking forward to the expansion and connection with BCC

sadly
12 days ago

This is only the second delay/cancellation for this project, One Bayfront Plaza has been through at least three.

Build Miami
12 days ago

This is a major L. I hope Miami and Florida can get it together to keep attracting companies and jobs so the metro area can keep growing. Otherwise Miami and South Florida will just continue to be a place where people vacation. Of course Swire’s full makeover on Brickell Key is moving full steam ahead… but projects like this are falling through

Don Johnson
12 days ago

Miami is not a business center, so this isn’t surprising.

Anan
12 days ago

Never has been and never will. It’s a tourist and vacation place.

iFlyMIA
12 days ago

What a stupid comment. Thanks for winning that award for the day.

Lenny
10 days ago

unless you like crypto which will crash again soon – and the MCA industry which is also struggling. Miami had a shot but blew it.

sadly
12 days ago

CANCELLED

Uranus
12 days ago

Orlando and Tampa doing better in business attraction and growth than Miami. The higher cost of living in SFL is a cancer towards any growth wishes.

Mad Dash
12 days ago

I remember my statement 2 years ago when the decision was made to demo the site: The lot will sit boarded up or chain linked for decades.

Wowzah
11 days ago

Surprise surprise. Where is that ‘miami winning’ guy when you need him here.

Anonymous
12 days ago

Yikes.

Anonymous
12 days ago

WFH FTW!

Robert S
12 days ago

Another failed project. Beautiful concept. Sorry to see it fizzle away…..but not the first time we’ve seen projects never get off the ground. Better to cancel early rather than having a big hole in the ground or a rusting shell for years on end.

iFlyMIA
12 days ago

Years and years of what? Nothing

Jordan
11 days ago

Years and years of price appreciation.
People calling this a “failure” are not land owners.

Jesus
12 days ago

Nooooo we need this!!!! I know it’s not the end of the project but this means delays 😩

Anon
12 days ago

It very well could be

Hay Zeus
12 days ago

WE NEED didn’t show leasing interest.

Lenny
10 days ago

They couldn’t get one major tenant….not one. Pretty pathetic, I agree.

Sam Adams
12 days ago

I heard that the United Nations was considering moving from NY to Miami. Maybe they will anchor this tower.

Anon
12 days ago

Lies

Anonymous
12 days ago

Now that’s a brilliant idea, nyc is too crowded for the UN and Miami has
More mix of global leaders than NYC

Cover the Podiums
11 days ago

Honestly it does make sense. Its a much more strategic and and centric place.

Veruca Salt
7 days ago

No it doesn’t.
The United Nations is an abomination. Let NYC have it or better yet. Let some European country subsidize them.

Just think mids, if the USA stops financing the United Nations, all that extra money can be used to make the crosswalks more idiot proof so that you can cross the street.

anon
12 days ago

I heard Scotland Yard will be relocating to Opa Locka.

No Drama
3 days ago

why would we want the UN here? that’s a detestable lot of humanity

Brickell Resident
11 days ago

LET THE BUST BEGIN!

I hope they lost their shirt!

Can’t wait for >50% of the apartments under construction to be underwater AirBnB units.

Also, can’t wait for all of you to be waiting 75 minutes to cross the Brickell Av bridge on a Friday afternoon.

There’s absolutely zero mention of community, quality of life, zoning, public spaces, traffic patterns, infrastructure, etc.

Veruca Salt
7 days ago

I just forwarded your thoughts to Swire.
They laughed and said, not a chance. This “Brickell Resident” doesn’t have a clue about how the world works.

Swire bought years ago, and bought low.

Glue kid
12 days ago

on a percentage basis, with all the problems it has, LA has experienced more job growth than Miami. Unfortunately that whole tech/finance boom was a marketing ploy. I personally know three people that have moved back to Cali from Miami. Not very promising.

Balthazar Bratt
12 days ago

Los Angeles experienced a 1.3% increase in nonfarm employment from September 2023 to September 2024, while the Miami area saw a 1.7% increase over the same period.

However, Los Angeles faced a higher unemployment rate of 5.8% in September 2024, compared to Miami’s 2.5% in December 2024.

Anonymous
11 days ago

LA has a much larger population so the numbers arent equal

anon
11 days ago

^^have someone explain percentages to you

anon
12 days ago

your username explains your post

No Drama
3 days ago

Californians are soft, reality stuns them into a form of paralysis, and most wont survive here, if they see one gecko its “honey call the real estate agent we are so out of here”

???
11 days ago

They waited way too long to build this thing has been proposed for at least 10 years now. What company wants to wait 5 years for development to be built when they can move in buildings that’s not occupied right now? It’s hard to believe they can’t find tenants when the same folks are behind some of the biggest projects in America.

giorgio righi riva
11 days ago

i am really happy……i hate teh arquitectonica arch . dictature in miami , i want an int. arch pluralism: Oma, Portzamparc, Steven Holl,Gehry, Un Studio, Miralles tagliabue….

No Drama
3 days ago

dont comment on drugs, it confuses the rest of us

Anon
11 days ago

Are any of the billionaires in Miami helping with corporate locations?

Fetisha
12 days ago

Thank God. This building copied another building in nyc. It adds nothing but height to the skyline . Hopefully the new project when it happens will have a spear !

Anonymous
12 days ago

Every time I visit Brickell I have a hard time finding a parking spot.this location is perfect for a parking garage .I hope they build a parking garage at this location

Anon
12 days ago

Spoken like a true Miamian

Anonymous
12 days ago

There’s so much parking in Brickell—too much parking actually, Brickell needs a rehaul of sidewalks with better lights and landscaping and crosswalks like the Worldcenter – but then again Worldcenter is size of Brickell city center and has a lot of broken areas too… city needs to connect it all and fill these hellish gaps— instead of opening up new development zones in BFE

Stamford Raffles
12 days ago

There’s a lot of symbolism to dissect here – a massive L for our rebranding. Waldorf, Aston Martin, etc, are pretty to look at but aren’t capable of bringing the same level of long-term impact.

Anon
12 days ago

I wouldn’t look at it that way. As soon as citadel was announced the future of this building was uncertain.

Balthazar Bratt
12 days ago

Throw in Santander and One Biscayne Tower and things get even more risky.
They are not going to selling this at any bargain basement price, and they can afford to sit on it for a decade if they wanted to.

Lenny
10 days ago

those may not happen either……