MIAMI—The office condo trend is not dead. Infact, Newgard Development Group is giving it newlife at the iconic One Flagler.

Newgard is selling boutique office condominiums at the 15-storyoffice building, which is located at 14 Northeast First Avenue inDowntown Miami. Internationally acclaimed architect MorrisLapidus, the creative genuis behind the Eden Roc MiamiBeach Hotel and Fontainebleau Hotel in Miami Beach, as well asLincoln Road, designed the tower.

"As Miami goes global, the downtown market for premium boutiqueoffice space continues to see strong demand frominternational and domestic buyers and businesses looking toestablish a presence in the urban core,” says HarveyHernandez, chairman and managing director of Newgard,which is also developing the Centro tower downtown. “As a result, NewgardGroup sees long term value in delivering a well-located,architect-designed building to market as an office condo buildingwith prices well below replacement cost.”