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.