Less than a year after starting construction of the Fifth Miami Beach office project, Sumaida + Khurana is proposing a second office building in the city.
New York-based Sumaida + Khurana, led by Amit Khurana and Saif Sumaida, wants to develop the 101,400-square-foot building with a ground-floor restaurant on a 0.8-acre lot at 1100 Fifth Street, near the MacArthur Causeway exit ramp, according to the firm’s filing to the city.
The property owners, Roslyn and Norton Nesis, as well as Robert and Miriam Weiss of Weiss Properties, are partnering on the project.
The building is designed by Pritzker Architecture Prize-winner Eduardo Souto de Moura, in collaboration with Zyscovich and Gabellini Sheppard.
The Miami Beach Planning Board is expected to vote on the project at its meeting on April 25.
If approved, construction is expected to start in the middle of next year, and completion is expected in the summer of 2026, Khurana said.
Nearby, Sumaida + Khurana and Bizzi+Bilgili –– a partnership between Bizzi & Partners and Turkish investor Serdar Bilgili –– are developing the five-story, 60,200-square-foot Fifth Miami Beach office building with retail and restaurant space at 944 Fifth Street and 411 Michigan Avenue. Former Google CEO Eric Schmidt is a partner in the project.
In December, the developers landed a $47.3 million construction loan for Fifth Miami Beach, though they already started building the project in May. It is expected to be completed in 2025. The first signed tenant at Fifth Miami Beach is New York-based hedge fund J. Goldman, which pre-leased about 10,000 square feet.
Sumaida + Khurana’s bet on South Beach’s office market comes as Miami Beach has tried to shake off its anything-goes party image and encourage more office development to diversify properties beyond hotels, residential and entertainment uses.
This spring break, the city imposed a midnight curfew one weekend, along with parking restrictions, and also released a “breaking up with spring break” video campaign.
Michael Shvo is among developers who also have seized on Miami Beach’s potential as an office market. The New York broker-turned-developer has approvals for the five-story, 62,500-square-foot One Soundscape Park at 1665 and 1667 Washington Avenue, as well as for the six-story The Alton with 170,000 square feet of offices, five apartments, and retail and restaurants on the northwest corner of Alton and Lincoln roads.
Shvo also wants to redevelop the 13-story office building at 407 Lincoln Road, which is known for its clock display on the top of the façade.