By Sean Stewart-Muniz
In a bid to capitalize on Brickell’s growing demand for office space, Brickell City Centre has ditched its plans to use one of its towers as a wellness center in favor of building more office suites.
Swire Properties announced the rebrand for its Three Brickell City Centre tower on Wednesday.
“One of the two towers, Three Brickell City Centre, although designed with use flexibility, was originally designated as a wellness center, but current market conditions show demand for additional office space,” Edward Owen, Swire Properties’ office leasing manager, said in the announcement. “Swire decided that it was in the best interest of the market to create supply to further Brickell’s growth as a leading international business hub.”
The tower is 12 stories and houses 130,000 square feet of leasable space. Law firm Akerman LLP has already signed a lease for 80 percent of Three Brickell City Centre, according to the announcement.
The other 130,000-square-foot tower, Two Brickell City Centre, is still in negotiations with several law firms and financial service providers, said Owen. Swire is not releasing names of the companies.
Brickell City Centre as a whole will include two condo towers, two office towers, and a hotel component. Those three sections are set to open this winter. Its main portion is a 500,000-square-foot foot shopping center, which is set to open in fall of 2016.
Source: The Real Deal