Brickman has selected architecture and interior design firm MKDA to renovate Courthouse Tower and 200 Southeast First Building, two Class A office towers in downtown Miami. When complete, the renovated assets will feature modern architecture, top-rate service and operations, abundant amenities, and New York-inspired spec suites.
$5 MILLION MAKEOVER
Located at 44 W. Flagler St., Courthouse Tower is a 162,500-square-foot property with 25 floors of office space and ground-level retail. It is currently undergoing an approximately $5 million capital improvement program that includes upgrades to the building’s façade, signage, lobby, corridors, elevator lobbies and amenity spaces. Additionally, the design firm will create tenant layouts and test fits and numerous spec suites with an open office layout. Blanca Commercial Real Estate is the exclusive leasing agent for Courthouse Tower, with Flavia Eternod, associate vice president, spearheading marketing efforts on behalf of the owner.
“A wonderful addition to downtown, Courthouse Tower, with its great bones and iconic location, will stand out among the more traditionally designed buildings on West Flagler,” said MKDA Executive Managing Director Amanda Hertzler, in prepared remarks. “The well-framed entrance pops against the sleek, black skin of the building and will draw people into the building for a completely modern and unique interior experience,” she added.
OPEN OFFICE LAYOUT
MKDA will make minimal upgrades to 200 Southeast First Building’s lobby and corridor elevators, where the firm will introduce LED lighting to better illuminate each floor. Further improvements include enhanced tenant amenities, test fits and tenant layouts, as well as spec suites with an open office layout.
Located at 200 SE 1st St., the 141,678-square-foot office building underwent a multi-million-dollar modernization program in recent years that included upgrades to the exterior façade, signage, lobby, elevators, corridors and the addition of high-tech infrastructure. According to Yardi Matrix, Brickman acquired both properties in 2016 in two separate transactions.
“The acquisition and repositioning of Courthouse Tower and 200 Southeast First Building has created great buzz in the marketplace and further evidences the significant activity in Miami’s urban core, based on Miami’s appeal as an international city with solid real estate fundamentals,” said Eternod, in a prepared statement.
Source: Commercial Property Executive