Photos: Starwood’s New Miami Beach HQ; CEO Sternlicht Comments On Miami Market

Photos show Starwood Property Trust’s new headquarters office building in Miami Beach.

In an interview with the WSJ, Chairman and CEO Barry Sternlicht also revealed his opinion on the current state of the Miami market.

Completion of the office building had been expected last year, but was delayed by a supply chain crunch and permitting issues.

The six-story building has 144,430 square feet of Class A office space, 8,000 square feet of ground floor retail, as well as a 277-space parking garage.

Starwood will occupy 55 percent of the office space, with the remainder leased to third parties.

Sternlicht, who was early in the current migration trend to Miami, said he wants all his top executives to live in Miami Beach.

Some won’t move here however because they have school age children, and private schools in the area have long waiting lists, Sternlicht said.

Sternlicht also added he was concerned that Miami was overextending itself when he sees the massive amount of construction in the area.

 

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Rocky.
30 days ago

It’s a great addition to Miami Beach and I am sure it will be a great place to get a lot of work done!

Anon
30 days ago

Love it for South Beach. Area is being transformed for the best

Anonymous
30 days ago

Miami Beach. period. There is no such thing as “south beach”

J.M.
30 days ago

Huh?

Anonymous
29 days ago

He’s right. Back in the day, no one said “South Beach,” because no one distinguished or called an area of Miami Beach – “South Beach.” If you wanted to pin point an area where you lived on Miami Beach, you told people what street you lived on. If you told someone that you partied at the Castaways last night, they knew you were on the northern part of Miami Beach. Right now, people in other states don’t even know that when they’re on South Beach, they’re actually on Miami Beach and there’s really no place in Miami or Miami Beach that’s actually known as South Beach. When Lebron James said he was going to take his talents to South Beach, a lot of people in other states didn’t even know that there is no place on so-called “South Beach” that has any pro-sports establishments, and if wanna go and see any pro sports being played, you have to go to mainland Miami.

I’m sick of having to explain this to people when I go to other states because sports talk show host on TV don’t, because they just say what’s popular which is, “South Beach.”

Anonymous
30 days ago

Love how people not wanting to move because of the education environment is a footnote. When I moved to Miami I was chatting with my boss at the time and she told me that when she moved from Michigan to Miami in the late 2010s she “needed a line item in the budget” for private school because the public schools were just so terrible. Speaks volumes. All these businesses will move there and rely on sourcing workers from other states because Florida doesn’t value education.

Anonymous
30 days ago

Retiring and relocating to Miami Beach are two completely different things. The problem with relocating to Miami is that you have to deal with the limitations of living in Miami. Kiss Broadway, the Museums, sports, concerts, restaurants, schools, mass transit, etc, etc goodbye.

Anonymous
30 days ago

If you want those things simply live where they have them.

Hura
30 days ago

on that list you are only right on the lack of mass transit and Broadway. that’s about it

Miami Man
30 days ago

There are 40-50 private schools in the Miami Area. Plenty of concerts, Museums and sports…You actually have no idea what you’re talking about…interesting

Anonymous
24 days ago

Define Plenty

Anonymous
27 days ago

So true and wave a big hello to a whole lot more B U M S and H O M E L E S S always ready and eager to meet u on the sidewalk lol

Anonymous
30 days ago

The State budget this year has invested heavily in education, directly to the teachers and STEM programs, and not throwing money at schools districts for the teacher’s unions to pocket.

Also, hopefully with school board term limits, we will gradually see improvement

Anonymous
30 days ago

Comparing Florida’s education system to other states is like comparing garbage in a Glad bag versus a Hefty bag.

Checo
30 days ago

Superintendent Cavahllo really turned the public schools around fast, which is why he won so many awards. Things have changed A LOT in the last 12 years.

The private schools in Miami are also world class, unfortunately, there are not enough of them.

Anonymous
30 days ago

The private schools tied to religion are an even worse education since they waste about half the day in prayer classes and bible reading that could’ve been spent in STEM education. Miami is particularly known for this in their private schools which actually rank terrible by test metrics and ivy league college acceptance

Anonymous
29 days ago

Haha.. two thumb down votes. People don’t like it when they think you’re talking about their own private genie.

David Hasselhoff
30 days ago

Love all the landscaping

Urbanist
30 days ago

Time to create a new new elite private school it sounds like.

Miami Man
30 days ago

There are amazing private schools in Miami and South Florida…There are just a ton of rich families too…

Anonymous
28 days ago

The problem with most of the Miami private schools is that they’re tied to religion so the kids spend half the day in prayer and bible reading studies instead of actually learning which is why the SAT scores and Ivy League school acceptance rate are higher in Miami’s public vs private schools

Checo
30 days ago

Avenues is coming on the Bishop Curley acreage.

Anon
30 days ago

Guy who comes to Miami and develops a real estate project and advocates for all his high wage earners to move here, is now concerned that there’s too much development after the got his. Classic nimby.

Anonymous
28 days ago

Classic Miami grifter, looks like he’s fitting in well lol

Anonymous
30 days ago

The pendulum swings in an exaggerated manner each way and if Barry is getting concerned that says something…

Anonymous
30 days ago

It’s all about entrepreneurship and opportunity. If the market demands it, it is certain that new schools will open in Miami.

Anonymous
30 days ago

How long it will take to that from happening?

Anonymous
30 days ago

The way you write, it looks like they’re not building them soon enough.

Anonymous
30 days ago

Starwood Winning

Anonymous
30 days ago

What about Lincoln-Marti in Calle 8?

Se me paro'
30 days ago

I”m sure Linconl Marti would have wonderful education

Anonymous
28 days ago

More like Lick on Martini lol

Anonymous
29 days ago

Barry Sternlicht said that even though he is the Chairman and CEO of Starwood Property, he’s still concerned that Miami was overextending itself when he sees the massive amount of construction in the area.

lol… you can’t even make this shit up!

Anon
30 days ago

Where is this?