The owner of Southeast Financial Center in downtown Miami is beginning another round of renovations to the office tower and plaza.
A nearly $8.2 million project is underway at Southeast Financial, according to Tuesday’s written announcement released by a spokesperson for the property. Global elevator firm Schindler was hired to handle $6.4 million in upgrades to the tower’s elevators. The company plans to implement an elevator destination dispatch system designed to save energy and cut operating costs.
Since a group of institutional investors advised by J.P. Morgan Asset Management – Global Real Assets acquired a 100 percent stake in Southeast Financial six years ago, more than $20.5 million has been spent on capital improvements.
“As one of Miami’s landmark buildings, we are constantly seeking new ways to enhance the tenant experience and continue to set benchmarks for Class A office space,” JLL vice president Jay Leone said. JLL exclusively handles leasing and management at Southeast Financial.
Totaling 1.23 million square feet, Southeast Financial is Florida’s largest office tower. — Eric Kalis