The Real Deal Miami

Related in no rush to demolish 444 Brickell

Developer offering seven-year leases at 11-story office building
444 Brickell Avenue

444 Brickell Avenue

The demolition of the 444 Brickell office building to make way for the Related Group’s One Brickell development is a long way from happening, if it happens at all.

Related is offering leases for up to seven years at the 11-story office building, which is home to Capital Grille, exMiami reported. The company paid $104 million for the 444 Brickell Avenue site in December 2013. It plans to build 1,200 residential units, a five-star hotel and at least 200,000 square feet of office and retail space in three phases.

Capital Grille’s existing lease for the ground floor of 444 Brickell includes five-year renewal options in 2016 and 2021. [exMiami]Eric Kalis