MIAMI—There's been plenty of talk about office condos in recentweeks. Now, Newgard Development Group andMidgard Management Company are taking the nextstep toward putting office condos in investors'hands, appointing Fortune International Realty asthe sales firm for One Flagler, a boutique office condo building inDowntown Miami.

“Our target remains the international buyer pool, with LatinAmericans topping the list,” Harvey Hernandez,chairman and managing director for Newgard, tellsGlobeSt.com. “We're presenting One Flagler as anopportunity to own a piece of Downtown Miami'soffice market at prices well below replacementcost.”

Located at 14 NE First Avenue, One Flagler is offering 14 floorsof office condos, spanning 143,000 square feet ofsellable and leasable space with views of the downtown Miamiskyline and the Atlantic Ocean. Famed architect MorrisLapidus, who is best known for his curvy neo-baroque hoteldesigns considered revolutionary in his day—and the creative mindbehind the Eden Roc Miami Beach Hotel, the Fontainebleau Hotel inMiami Beach, and Lincoln Road—designed One Flagler in 1952.