Related Group lists downtown Miami HQ

Developer is moving to Coconut Grove

Dec.December 06, 2019 11:30 AM
Related Group building at 315 Biscayne Boulevard and Jorge Pérez (Credit: Google Maps)

Related Group building at 315 Biscayne Boulevard and Jorge Pérez (Credit: Google Maps)

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.

Related Articles

One Thousand Museum and Ravichandra Saligram 

Consumer conglomerate CEO buys condo at One Thousand Museum

Zaha Hadid and One Thousand Museum (Credit: Getty Images)

PHOTOS: Inside Zaha Hadid’s Miami tower

Hyde Beach House Resort & Residences, Carlos Rosso and Drew Sims

Sotherly closes on acquisition of Hyde Beach House hotel space

Jorge Perez and the development site

Related buys dev site in downtown Fort Lauderdale

Jorge Perez and New River Yacht Club III

Related Group nabs $48M loan for downtown Fort Lauderdale apartments

Olympia Theater (Credit: Getty Images)

Maurice Gusman heirs sue city of Miami to regain ownership of Olympia Theater

From left: Jorge Perez, Alex Karakhanian, Scott Sherman and Ben Mandell, with The Dorsey rendering

The Dorsey project in Wynwood wins design approval

Rendering of downtown Miami courthouse to be built by Plenary Group and Miami-Dade County

All rise: Miami-Dade commissioners approve $267M downtown Miami courthouse project