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South Florida

Related in no rush to demolish 444 Brickell

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.

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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

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