Town Center One

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Town Center One
Town Center One.JPG
Town Center One
General information
StatusCompleted
TypeCommercial office
Location8950 SW 74th Ct, Miami, Florida, 33156
Flag of the United States (23px).png  United States
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
Architect(s)Nichols 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]

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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. Archived from the original on September 3, 2014. Retrieved August 30, 2014.{{cite web}}: CS1 maint: unfit URL (link)
  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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