Previous CEO of Ares Commercial Real Estate Corp., Jamie Henderson will join the firm as EVP in 2020.

"Northerners and other homebuyers are not just purchasing second homes; they are bringing businesses and moving here full time," says MIAMI Chairman of the Board José María Serrano.

With larger floor plates and higher parking ratios, large shopping centers could become homes to call centers and other back office support functions.

The project, which is scheduled to be completed in November 2020, has already secured a 130,000-square-foot lease with global private market asset management firm Hamilton Lane, which will begin occupancy of its space at the property in 2021.