Royal Caribbean plans $300M office development at PortMiami

Cruise company tapped HOK to design 10-story, 350K sf building

Miami /
Apr.April 15, 2019 04:30 PM

Rendering of Royal Caribbean’s office project and CEO Richard Fain

Royal Caribbean Cruises Ltd. scored approval for a $300 million office complex at PortMiami.

The Miami-based cruise company is looking to build a new headquarters that would house 4,200 employees, an increase from its current 2,200 employees. Royal Caribbean hired HOK, a St. Louis, Missouri-based architecture firm, to design a 10-story, 350,000-square-foot office building on the site of the company’s parking lot, according to the Miami Herald.

The Miami-Dade Tourism and Ports Committee approved a deal to allow Royal Caribbean to build the office building and a parking garage on the site, which is at the southwest corner of Dodge Island, the Herald reported. The county commission will vote on the proposal in May.

The new building will be designed to look like a ship, and will feature Royal Caribbean’s crown logo on the roof. The parking garage will have a fitness center and a soccer field with a running track. The company’s existing two six-story office buildings will be gut-renovated and could be completed by the fall of 2021, according to the Herald. The new structures would be completed about a year before then.

Roughly 550 of the company’s employees are working in co-working spaces like WeWork, due to a lack of permanent space at the port.

As part of its proposed deal with the county, Royal Caribbean would pay Miami-Dade $311 million in rent over the next 40 years with two five-year extension options. The county would give the cruise company nearly $21 million in maintenance, utilities and repairs to existing buildings, and about $24.1 million in insurance reimbursements and rent-and-maintenance credits.

Sea level rise is a concern for Royal Caribbean. The complex would be built 15 feet above sea level with critical machinery on the higher floors. The Herald reported that a number of climate models predict streets in Miami will flood daily by 2070.

Late last year, Virgin Voyages unveiled its proposal for a $150 million, two-story storm-proof glass terminal at PortMiami. Royal Caribbean opened its new cruise terminal in November. [Miami Herald] Katherine Kallergis 


Related Articles

arrow_forward_ios
Asher Abehsera and Jonathon Yormak with 2400-2500 North Miami Avenue (Google Maps)
LIVWRK in contract to buy Wynwood assemblage from East End Capital
LIVWRK in contract to buy Wynwood assemblage from East End Capital
The Estate Companies Principal Jeff Ardizon and Managing Principal Robert Suris with a rendering of the project. (Estate)
Estate Companies scores $76M construction loan for North Miami Beach apartments
Estate Companies scores $76M construction loan for North Miami Beach apartments
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
The site and renderings of Premium Development’s nearby project. (Premium Development)
Multifamily developer buys piece of Little Havana assemblage
Multifamily developer buys piece of Little Havana assemblage
FECI's Kolleen Cobb with Countyline Corporate Park and the new sites at 4181 and 4241 West 108th Street (Google Maps)
FECI plans Countyline Corporate Park expansion with $33M construction loan
FECI plans Countyline Corporate Park expansion with $33M construction loan
Alliance Residential Company CEO Bruce Ward and 6595 Morikami Park Road (Google Maps)
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Arbor Management Acquisition Company heads Ivan Kaufman and Maurice Kaufman with a rendering of Aventura Park (Anillo Toledo Lopez, iStock)
Arbor Management buys multifamily dev site near Aventura for $10M
Arbor Management buys multifamily dev site near Aventura for $10M
Prologis CEO Hamid Moghadam with project plans, an aerial view of Northwest 129th Avenue and 14th Street and the Dolphin Expressway in Miami-Dade County (Prologis, Getty, Google Maps)
Prologis plans to expand its Beacon Lakes business park in Miami-Dade
Prologis plans to expand its Beacon Lakes business park in Miami-Dade
arrow_forward_ios

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

Loading...