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When fully developed, the 60-acre mixed-use development, CityPlace, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott and additional multifamily.
As the region increasingly grows, particularly in the finance industry, employment hubs become more of a focus as a way to integrate functions for efficiencies, better customer service and cost management.
Office capital is heading out of California is search for yield, but the trend has meant rising prices and strong competition in emerging markets on the Western US.
Integra Investments is also in the process of acquiring a property in Islamorada's epicenter in the Florida Keys, where it will propose 41 affordable and workforce housing units.
Solomon Page Group will be occupying 52,453 square feet of newly built contiguous space encompassing the entire fourth floor and will also lease a portion of the third floor of the 550,000-square-foot building.
While the housing affordability crisis is a daunting task, innovative developers and astute city officials are symbiotically tackling this issue with the utmost caution.