The Real Deal Miami

Towering concessions

November 24, 2009 04:12PM

Regional commercial landlords want bodies in their office buildings and are willing to go to greater and greater lengths to keep them there. With more than 1.2 million square feet of space are on the way, landlords must scramble. The Rilea Group’s 576,379-square-foot 1450 Brickell project is to be completed in the first quarter of 2010, while MDM Development plans an April 2010 completion for the 750,000-square-foot Met 2 Financial Center project. Owners of the Wachovia Financial Center, Bank of America Tower at International Place and 800 Brickell are pumping millions of dollars into improving their buildings. They hope the improvements and their established quality of their properties will keep current tenants and lure new ones. [GlobeSt]