Stone Banyan Capital

One Brickell City Center Development Update: New Permit Applications Filed

August 15, 2023

One Brickell City Center, a significant development in Miami’s financial district, is progressing steadily with recent activity concerning its permitting. As a planned 59-story office tower set to reach a height of 977 feet, One Brickell City Center is slated to become a prominent fixture in the city’s skyline.

Fence Permit Application

On August 2nd, a permit application was filed for the construction of a wood fence at the One Brickell City Center site located at 700 Brickell Avenue.

Construction Permit Update

In addition to the fence permit, an important milestone was reached on July 12th, when the full plans for the tower’s vertical construction were officially filed. These plans are comprehensive and contain intricate details necessary for the construction of this ambitious project. Currently, the permit application is under review by the relevant municipal authorities.

Space Allocation Details

According to the permit, One Brickell City Center is set to comprise a total of 2,365,352 square feet of office space, which will be allocated from levels 2 through 57 of the tower. Furthermore, the retail area is designated as 18,383 square feet, situated exclusively on level 1 of the building.

Estimated Construction Cost

As per the details available in the permit, the hard construction cost for One Brickell City Center is estimated at $417,156,626. This figure represents a substantial investment, underscoring the magnitude and significance of this development within the Miami area.

Contractor Status

As of the current status of the project, no contractor has been publicly attached to the construction permit. It is anticipated that as the project moves closer to the construction phase, a contractor, likely with extensive experience in large-scale developments, will be announced.

Conclusion

The recent permit filings for One Brickell City Center signal meaningful progress for this major development project. As this site continues to advance through its various stages of permitting and construction, it promises to be a transformative addition to Miami’s urban landscape.