Key International and Sterling Bay Partner to Develop Innovative Office Tower in Miami’s Brickell Neighborhood

In a move set to redefine the workplace experience in Miami’s bustling Brickell neighborhood, Key International has announced its partnership with Sterling Bay, a renowned real estate development firm. Led by Diego and Inigo Ardid, Key International is set to join forces with Sterling Bay to develop the impressive 848 Brickell project. This 761-foot-tall Class A creative office and retail tower, located at the heart of Miami’s Financial District, promises to be a game-changer in the city’s commercial landscape.

Sterling Bay, known for its innovative approach to creating world-class office spaces, has an illustrious track record. The firm has consistently redefined the workplace experience through innovative design, amenities, and functionality. Sterling Bay’s portfolio boasts an impressive lineup of globally recognized tenants, including tech giant Google, fast-food giant McDonald’s, Dyson, WPP, Boston Consulting Group, and law firm Greenberg Traurig. With a pipeline of $20 billion in transformative urban campuses, Sterling Bay has reshaped entire communities and transformed how people perceive and engage with office spaces.

With over two decades of experience, Sterling Bay has partnered with global architecture and design leaders to create work environments that foster productivity, collaboration, and employee well-being. In 2019, Sterling Bay marked its entry into the Miami market with the completion of 545wyn, the first-ever Class A office building in Wynwood. This development triggered a commercial boom in Wynwood, attracting major tenants like Sony Music, PwC, MIAX, Gensler, and Slalom.

As Miami establishes itself as the nation’s new epicenter for commercial growth, Brickell has emerged as the hottest submarket for commercial office development. Sterling Bay’s CEO, Andy Gloor, acknowledges Brickell’s pivotal role in Miami’s business landscape. He anticipates that 848 Brickell will set new standards, seamlessly blending the Miami lifestyle with the workplace needs of its tenants.

Upon completion, 848 Brickell will offer over 750,000 square feet of Class-A office space, complemented by a curated ground-floor retail space spanning 7,500 square feet. The development will also feature on-site parking facilities capable of accommodating over 1,000 vehicles.

Designed by the globally renowned Skidmore, Owings, & Merrill (SOM), 848 Brickell will cater to the evolving needs of modern businesses and professionals. The tower will feature hospitality-inspired workplace amenities, including tech-enabled conference facilities, a luxury fitness center, and an expansive outdoor terrace. Lifestyle amenities like padel tennis courts and private open-air lounges will ensure that tenants enjoy a vibrant work-life balance. Moreover, the prime location offers breathtaking ocean and Brickell Avenue views and provides easy access to the neighborhood’s top dining, retail, and entertainment destinations.

The partnership between Key International and Sterling Bay to develop 848 Brickell is set to redefine Miami’s commercial landscape. With a focus on innovation, amenities, and functionality, this project promises to deliver the next generation of modern workspaces in South Florida. As Miami’s commercial epicenter, Brickell continues to evolve, and 848 Brickell is positioned to be a beacon of excellence that sets the bar higher for workplace environments in the city.

Key International Sets Sights on Miami’s Financial District with a Pioneering Office Tower

In the heart of Miami’s bustling Financial District, Key International, under the leadership of co-presidents Inigo and Diego Ardid, is poised to redefine the skyline with their ambitious plans for 848 Brickell Avenue. This isn’t just another office building; it’s a statement of intent, a 50-story beacon that promises to elevate the standards of Class-A office spaces.

The architectural maestros behind this venture are none other than Skidmore, Owings & Merrill (SOM), the globally acclaimed firm responsible for iconic structures such as the Burj Khalifa and One World Trade Center. Their involvement alone signifies the magnitude and prestige of this project.

Positioned strategically in the sought-after Brickell neighborhood, the tower will be a stone’s throw away from the Brickell City Center and a plethora of upscale dining and retail establishments. Once completed, it will soar to an impressive height of approximately 761 feet, making it a dominant feature of Miami’s skyline.

Diego Ardid, co-president of Key International, shared his vision for the new 848 Brickell. He envisions it as more than just a workspace; it’s a testament to architectural prowess combined with unparalleled amenities that will reshape Miami’s work culture. This isn’t just about meeting expectations; it’s about surpassing them.

The tower is meticulously designed to cater to the burgeoning demand for luxury office spaces in Miami. Boasting 750,000 square feet of office real estate, prospective tenants can expect floor plans ranging from 19,000 to 27,000 square feet, tailored to accommodate diverse sectors such as law, technology, and notably, finance.

What truly sets this building apart is its emphasis on holistic well-being. It’s not just about work; it’s about wellness. The building champions both LEED and WELL rating systems, underscoring its commitment to environmental sustainability and the health of its occupants. Features such as residential-style balconies foster a connection with nature, while a sprawling 40,000-square-foot amenity level, complete with outdoor meeting spaces, lounges, a state-of-the-art gym, an outdoor walking trail, and two regulation-sized Padel courts, ensures that work-life balance isn’t just a catchphrase—it’s a reality.

13th Floor Investments and Key International Reach an Agreement with Presbyterian Church Site to Move Forward with Construction

At 609 Brickell Avenue in Miami, a new 80-story project, created by Sieger Suarez Architects, and developers 13th Floor Investments and Key International is moving forward.

The congregation and the Miami-based developers have a “transaction and development agreement,” according to a memo filed with the Miami-Dade Clerk of Court on March 2nd. The developer’s right to purchase the property, their duty to build the project there in accordance with the agreement, and their duty to transfer ownership of the new church improvements to the church after substantial completion are all included in the terms of the agreement. Only a memo verifying the existence of the arrangement was recorded. Other details of the agreement have not been released.

13K-BP Brickell Owner LLC is identified as the developing firm, while Arnaud Karsenti is mentioned as the developer’s authorized signatory on the letter. The project’s goal is to utilize the land that is currently used for parking and a religious school building at the back of the property while maintaining the main church structure.

The agreement provides a number of advantages for the congregation and might be worth $240 million to the church. As part of the arrangement, the church will be granted access to 148 parking spaces, 90,000 square feet of space in the new structure, and a small park. In exchange, the church will receive $48 million in cash, 15% of condo sales estimated to be $125 million, and a portion of revenue from the restaurant on the ground level.

The iconic 1949-built First Miami Presbyterian Church, was named a historical landmark in 2003, will continue to stand. The church had previously struggled with money, including a $7 million tax obligation in 2018 as a result of selling part of its lands.

The document submitted to Miami-Dade County does not specify the specific terms and conditions of the sale. It does, however, confirm “the Developer’s Obligation to Construct the Project on the Property in Compliance with the Agreement.”