Town Center One

Town Center One
Map
General information
StatusCompleted
TypeCommercial office
Location8950 SW 74th Ct, Miami, Florida, 33156
 United States
Coordinates25°41′11″N 80°18′50″W / 25.6865°N 80.3140°W / 25.6865; -80.3140
Construction started2007
Completed2009
OwnerDadeland Parcel C[6]
Height
Roof295 ft (89.9 m)
Technical details
Floor count24
Floor area210,992 sq ft (19,601.8 m2)[1] (marketable)[2]
Design and construction
Architect(s)Nichols Brosch Wurst Wolf & Associates[2][3]
DeveloperDayco Group
Structural engineerBliss & Nyitray[4]
Main contractorPlaza Construction[5]

Town Center One is a high-rise building located in Dadeland, an urban area in unincorporated Miami-Dade County, Florida. Constructed from 2007 to 2009, it contains class A[1][7] commercial office space[8] and was built near the end of the United States housing bubble of the 2000s. The building reaches a height of about 295 feet (90 m),[3] making it one of the taller buildings in Dadeland. The building stands out for its dark green[3] glass curtain wall façade. This was the result of a design change; as the name implies, the building was intended to be the first of several buildings in a mixed-use development.[9] Due to poor market conditions and a regional overbuilding of office space, the building sat largely vacant until several years after completion.[8] In 2011, the majority of units went into foreclosure when a construction loan could not be repaid,[10] which led to the restructuring of the building's finances in 2012 by its anchor tenant, BMI Companies.[6]

References

  1. ^ a b "Town Center One Dadeland". LoopNet. 2014. Retrieved August 30, 2014.
  2. ^ a b "TOWNCENTER DADELAND". Nichols Brosch Wurst Wolfe & Associates, Inc. 2014. Retrieved August 31, 2014.
  3. ^ a b c "Town Center One". Emporis. 2014. Archived from the original on September 3, 2014. Retrieved August 30, 2014.
  4. ^ "Town Center One at Dadeland". Bliss & Nyitray, Inc. 2011. Retrieved August 31, 2014.
  5. ^ "Town Center One at Dadeland". Plaza Construction. 2014. Retrieved August 31, 2014.
  6. ^ a b Britell, Alexander (August 7, 2012). "BMI Financial Group refinances Town Center One in Miami's Dadeland". The Real Deal (blog). Retrieved August 31, 2014.
  7. ^ Britell, Alexander (March 23, 2012). "Blanca Commercial Real Estate tapped to lease Dadeland's Town Center One". The Real Deal (blog). Retrieved August 31, 2014.
  8. ^ a b Blake, Scott (June 21, 2012). "Miamis Office Market On The Mend". Miami Today. Retrieved August 30, 2014.
  9. ^ "TOWN CENTER AT DADELAND". Barclay's Real Estate Group. Retrieved October 2, 2014.
  10. ^ Bandell, Brian. "Dadeland office condos in $36M foreclosure". South Florida Business Journal. Retrieved August 31, 2014.