Space Race in Downtown Miami

Last week, we published an update on the status of Brickell Financial Centre, which was subject to rumors that work had stopped there because its cranes were coming down. Now, with office leasing activity slowing, we’re hearing that it’s more important for developers to finish construction first, regardless of whether any deals are signed by the time they open.

The 35-story 1450 Brickell building has announced that its curtain-wall system is more than 50% complete, theoretically putting it ahead of its competing building’s progress. Developer Rilea Group says it plans to be ready for occupancy early next year, at least six months ahead of Brickell Financial Centre.