Miami Tower’s broken elevators anger tenants

Some tenants considering breaking leases

TRD MIAMI /
Jan.January 23, 2015 02:10 PM

The 47-story Miami Tower, designed by I.M. Pei and known for exterior lighting that changes color based on the occasion, is not shining so brightly on the inside.

The building’s largest tenant, law firm Carlton Fields Jorden Burt, met with the city’s chief garage inspector this week to discuss the tower’s malfunctioning elevators.

The Daily Business Review reports the problem is causing employees to wait 20 minutes or more to go from street level to the 11th floor, and 10 days ago, only one elevator was running.

General manager of the Miami Tower, Tom Matese, told the DBR that the building is aware of the issue and trying to fix it. But recently angry tenants have considered withholding their rent or breaking the lease.

Tim Prunka, of commercial brokerage Savills Studley representing the tenants, said tenants would have trouble terminating leases.

“You just can’t walk out of a lease for something like this,” he told the Daily Business Review, also explaining that the city should have budgeted for new elevators some time ago. “…If you skip all 15 oil changes over the years, don’t be surprised if the car breaks down. What may need to happen is the building may need to front the money to replace the elevators and have the city pay them back.” [Daily Business Review]  Kristina Puga


Related Articles

arrow_forward_ios
City National Bank inks lease, gains signage rights to Miami Tower

City National Bank inks lease, gains signage rights to Miami Tower

City National Bank inks lease, gains signage rights to Miami Tower
South Florida lease roundup: Paper company inks deal at Miami Gardens industrial park & more

South Florida lease roundup: Paper company inks deal at Miami Gardens industrial park & more

South Florida lease roundup: Paper company inks deal at Miami Gardens industrial park & more
Check out new renderings for Miami Tower’s Sky Lobby

Check out new renderings for Miami Tower’s Sky Lobby

Check out new renderings for Miami Tower’s Sky Lobby
More musical chairs: Transwestern in, CushWake out for office leasing at Miami Tower

More musical chairs: Transwestern in, CushWake out for office leasing at Miami Tower

More musical chairs: Transwestern in, CushWake out for office leasing at Miami Tower
Musical chairs: JLL out, Cushman & Wakefield in at Miami Tower

Musical chairs: JLL out, Cushman & Wakefield in at Miami Tower

Musical chairs: JLL out, Cushman & Wakefield in at Miami Tower
JLL stays as Miami Tower’s leasing agent, manager

JLL stays as Miami Tower’s leasing agent, manager

JLL stays as Miami Tower’s leasing agent, manager
Who are the Japanese investors behind Miami Tower’s $220M purchase?

Who are the Japanese investors behind Miami Tower’s $220M purchase?

Who are the Japanese investors behind Miami Tower’s $220M purchase?
Take a trip through memory lane for Miami Tower: VIDEO

Take a trip through memory lane for Miami Tower: VIDEO

Take a trip through memory lane for Miami Tower: VIDEO
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...