Miami-based Steelbridge Capital signed an operator of co-working office space and a national restaurant chain as tenants of Las Olas Square, a two-building office complex in downtown Fort Lauderdale.
The parent company of executive office provider Regus will open a 32,000-square-foot co-working space at the property under the company’s Spaces brand. Two other Spaces locations are planned in downtown Miami and Miami’s Wynwood area.
Del Frisco’s Grille will open its first chophouse-style restaurant in South Florida at Las Olas Square. Tampa is Del Frisco’s only current location in Florida.
Steelbridge bought the two-building property at 501 and 515 East Las Olas Boulevard from SunTrust Banks Inc. for about $90 million in 2016.
Steelbridge is now overseeing a $10 million project to remodel the property, formerly known as SunTrust Center, that the company expects to complete by early next year.
Gavin Campbell, a managing principal of Steelbridge, told the Sun-Sentinel in an email that the company wants its property on East Las Olas Boulevard “to become a new town square for the Las Olas community.” [Sun-Sentinel] – Mike Seemuth