The Related Group is ready to sell its headquarters in downtown Miami.
The Miami-based developer, known as the biggest condo builder in South Florida, listed its 35,341-square foot headquarters at 315 Biscayne Boulevard. It’s on the market unpriced.
Related occupies the office space in the building and will move out by the end of 2020, according to a release. Related previously announced it was moving to Coconut Grove.
CBRE’s Christian Lee and Jose Lobón are listing the building, while CBRE’s Maggie Kurtz and Kevin Gonzalez are handling office leasing.
Stephen Rutchik of Colliers International South Florida, who is not involved in the deal, said a possible buyer could be a hedge fund or investment firm, both of which are deciding to relocate to South Florida for the tax benefits.
The four-story building includes 9,243 square feet of restaurant space, occupied by Wolfgang’s Steakhouse, and 26,098 square feet of office space on the third and fourth level, currently available for lease.
The property was built in 2005 and designed by Arquitectonica. It’s near the construction site of Aston Martin Residences and the Epic.
The prolific condo development firm has diversified in recent years, expanding its affordable housing arm, growing its multifamily and mixed-use divisions, and heading to the Southwestern U.S.