MIAMI—Office condos are the new black in Miami. Florida East Coast Realty just announced it would sell office units at 2020 Ponce. That news about five weeks after Newgard Development announced it was bringing office condos back to the urban core at One Flagler. caught up with Harvey Hernandez, chairman and managing director for Newgard, to get his take on why his firm is taking the leap from residential condos to office condos, who he’s targeting with One Flagler, and more in part one of this exclusive interview. Be sure to come back to this afternoon’s Miami edition for part two.

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