The Brickell World Plaza, also known as 600 Brickell, and formerly known as the Brickell Financial Center, is an office skyscraper in Miami, Florida, United States in the Downtown neighborhood and financial district of Brickell at 600 Brickell Avenue. The former Brickell Financial Centre Phase I, the Brickell World Plaza, is a 520-foot (160 m) skyscraper, one of the tallest buildings in Miami. The building contains 600,000 square feet (56,000 m2) of leasable floor space, an eleven story parking garage with 927 spaces, and a 30,000-square-foot (2,800 m2) ground level public plaza, and was also supposed include an outdoor area with a stage. 600 Brickell is located near the Fifth Street and Eighth Street Metromover stations.
History
The 40 story building was topped out in early 2009 but construction was suspended or greatly slowed, as the building was still not completed over two years later as of March, 2011. The building lost an anchor tenant, a law firm that had a 58 million dollar, 10.5 year lease for 15 percent of the building (115,000 sq ft), in early 2009.
With the new name of Brickell World Plaza, the building has a scheduled opening date of August 2011. The building developers, the Foram Group, have claimed that this slowed construction was strategic for the purpose of detail and that after completion they will move their corporate offices into the building. However, the near halt in construction and the loss of a major tenant suggests that the delay was not strategic, but due to the 2008 economic crisis and the falling demand for office space due to the excessive construction in Miami at that time.
Early in 2011, 600 Brickell got a $130 million construction mortgage loan from Los Angeles based Canyon Capital Reality Advisors that will fund the rest of the construction. This was one of the largest loans issued in the city of Miami since the real estate crisis.
When 600 Brickell came online in August-September 2011, it increased Miami's downtown office vacancy to nearly 25%, and Class A Brickell vacancy to over 30%.
That could change with the arrival of a new leasing team. Foram has hired Jones Lang LaSalle, led by veteran brokers Glenn Gregory and Noël Steinfeld, to handle leasing for the nearly 615,000-square-foot building. Gregory and Steinfeld said a full-court press to land tenants is finally under way. Shortly before Foram hired Jones Lang, the developer signed a pair of new-to-market tenants -- New York-based lender Doral Money and Irvine, California-based mediation and arbitration services firm JAMS -- to occupy a combined 30,090 square feet at the building. Gregory and Steinfeld said they are in discussions with prospective tenants for about 300,000 square feet, although that includes some space being marketed to multiple companies.
Gunster (law firm) moved its Miami office to the building's 35th floor.
Office Space For Lease Miami Video
Amenities
The building will be South Florida's first Cisco Connected Commercial Office Building in partnership with Cisco Systems Inc. Essentially it will have its own dedicated hub connecting it to the Internet with a secure and flawless connection. The project was designed by the global architecture firm RTKL and its developer was the Foram Group. The Foram Group's intended goal was to set a new gold-standard for technology and sustainability in international commercial property development by creating the most innovative and forward thinking office building in Miami.
"We designed the building from the inside out, not the outside in," said Loretta H. Cockrum, Foram's founder, chairman and CEO. "We wanted the most efficient office building ever designed, with no wasted space or wasted energy. This is a building of the future more than a building of the present. A lot of love has gone into that building, and a lot of pride."
The Brickell World Plaza is the state of Florida's first building to be pre-certified under the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) program. In addition to this it is one of very few buildings in the world of its size to receive the LEED Platinum rating, the highest available from the US Green Building Council. Another feature that contributed to this precertification is the water program: the building collects all rainfall and condensed water from the cooling towers in a 10,000 US gallons (38,000 L) tank to be reused for irrigation and makeup water for the fountains at Brickell World Plaza.
It will also be the first building in South Florida to be a part of Cisco Systems "Cisco Connected Commercial Office Building", which basically means it has a fast and secure, dedicated internet connection. The originally planned Brickell Financial Centre (two buildings) was to include office space, a hotel, luxury condominiums and a public plaza. The Brickell World Center will not feature the hotel or condominiums, but the ground level plaza will be a 30,000-square-foot (2,800 m2) public space as well as 18,000 square feet (1,700 m2) of ground level restaurants and cafes, as well as an outdoor stage where events may be held, probably taking up the rest of the property where the Brickell Financial Centre II would have gone. The first eleven floors of the building above the plaza are a parking garage, while the remaining 28 floors are all office space. The outside of Brickell World Plaza is lit up at night similar to the Miami Tower. This began before Christmas in December 2011 with a ceremony with governor Rick Scott where a 40 foot wreath was hung on the building.
Brickell Financial Centre II
Brickell Financial Centre Phase II, which was scheduled for completion in 2011, would have been the tallest building in Miami and Florida upon completion, at 903 feet (275 m). It was planned to contain 68 floors. According to SkyscraperPage.com, the building is still proposed with construction dates set from 2010 to 2013. The Brickell Financial Centre complex was always planned to be done in two phases, with the second building being constructed after the first, so the second building may still be built, presumably under a different, new name. The second phase was planned to include several hundred thousand feet of office space, as well as several hundred thousand feet of condominium and hotel space, and would be a substantially larger building than the Brickell World Plaza. The area where BFC II would stand was turned into a parking lot in late 2011 with the completion of Brickell World Plaza.
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