Town Center One

Last updated
Town Center One
Town Center One.JPG
General information
StatusComplete
TypeCommercial office
Location8950 SW 74th Ct, Miami, Florida, 33156
Flag of the United States.svg  United States
Coordinates 25°41′11″N80°18′50″W / 25.6865°N 80.3140°W / 25.6865; -80.3140 Coordinates: 25°41′11″N80°18′50″W / 25.6865°N 80.3140°W / 25.6865; -80.3140
Construction started2007
Completed2009
OwnerDadeland Parcel C [1]
Height
Roof295 ft (89.9 m)
Technical details
Floor count24
Floor area210,992 sq ft (19,601.8 m2) [2] (marketable) [3]
Design and construction
ArchitectNichols Brosch Wurst Wolf & Associates [3] [4]
DeveloperDayco Group
Structural engineerBliss & Nyitray [5]
Main contractorPlaza Construction [6]

Town Center One is a high-rise building located in Dadeland, an urban area in unincorporated Miami-Dade County, Florida. Constructed from 2007 to 2009, it contains class A [2] [7] commercial office space [8] and was built near the end of the United States housing bubble of the 2000s. The building reaches a height of about 295 feet (90 m), [4] making it one of the taller buildings in Dadeland. The building stands out for its dark green [4] glass curtain wall façade. This was the result of a design change; as the name implies, the building was intended to be the first of several buildings in a mixed-use development. [9] Due to poor market conditions and a regional overbuilding of office space, the building sat largely vacant until several years after completion. [8] In 2011, the majority of units went into foreclosure when a construction loan could not be repaid, [10] which led to the restructuring of the building's finances in 2012 by its anchor tenant, BMI Companies. [1]

Dadeland

Dadeland is a commercial district and urban neighborhood similar to an edge city, amid the sprawling metropolitan Miami suburbs of Kendall, Glenvar Heights, and Pinecrest, in the U.S. state of Florida, at the end of the Metrorail line.

United States housing bubble economic bubble

The United States housing bubble was a real estate bubble affecting over half of the U.S. states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the 2007–2009 recession in the United States.

Curtain wall (architecture) outer non-structural walls of a building

A curtain wall system is an outer covering of a building in which the outer walls are non-structural, utilized to keep the weather out and the occupants in. Since the curtain wall is non-structural, it can be made of lightweight materials, thereby reducing construction costs. When glass is used as the curtain wall, an advantage is that natural light can penetrate deeper within the building. The curtain wall façade does not carry any structural load from the building other than its own dead load weight. The wall transfers lateral wind loads that are incident upon it to the main building structure through connections at floors or columns of the building. A curtain wall is designed to resist air and water infiltration, absorb sway induced by wind and seismic forces acting on the building, withstand wind loads, and support its own dead load weight forces.

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References

  1. 1 2 Britell, Alexander (August 7, 2012). "BMI Financial Group refinances Town Center One in Miami's Dadeland". The Real Deal (blog). Retrieved August 31, 2014.
  2. 1 2 "Town Center One Dadeland". LoopNet. 2014. Retrieved August 30, 2014.
  3. 1 2 "TOWNCENTER DADELAND". Nichols Brosch Wurst Wolfe & Associates, Inc. 2014. Retrieved August 31, 2014.
  4. 1 2 3 "Town Center One". Emporis. 2014. Retrieved August 30, 2014.
  5. ↑ "Town Center One at Dadeland". Bliss & Nyitray, Inc. 2011. Retrieved August 31, 2014.
  6. ↑ "Town Center One at Dadeland". Plaza Construction. 2014. Retrieved August 31, 2014.
  7. ↑ Britell, Alexander (March 23, 2012). "Blanca Commercial Real Estate tapped to lease Dadeland's Town Center One". The Real Deal (blog). Retrieved August 31, 2014.
  8. 1 2 Blake, Scott (June 21, 2012). "Miamis Office Market On The Mend". Miami Today . Retrieved August 30, 2014.
  9. ↑ "TOWN CENTER AT DADELAND". Barclay's Real Estate Group. Retrieved October 2, 2014.
  10. ↑ Bandell, Brian. "Dadeland office condos in $36M foreclosure". South Florida Business Journal . Retrieved August 31, 2014.
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