The building will have a maximum of 18 suites with spaces ranging from 800 sf to 1,400 sf. The parking ratio will be 3.5 spaces per 1,000 sf. The first two floors will be for parking and the third and fourth floor will be dedicated to the office space. The building will also feature energy efficient construction, impact resistant windows, individual electric meters, five sprinklers and balcony access in some suites. Developers are hoping to break ground in three to six months. The estimated completion date for the project is the second quarter of 2008.
Miami-based Flagler Real Estate Services vice president George Pino will be handling leasing for the project. Prices for the units start at $350 per sf. The estimated sell-out of the project is $7.6 million. Three of the units have been sold.
"This is a very exciting project. There have not been any newly constructed office buildings in Miami Springs in a very long time," Pino tells GlobeSt.com.
The project is in close proximity to Coral Gables, Doral, Downtown and the Miami International Airport. Developers anticipate that the project will help spur more development in the NW 36th Street corridor. "We believe this project will lead to the revitalization of the corridor," Pino says.
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