The World's Coming to Brickell
Chile’s Atton Hotels broke ground this week on the 275-room, 12-story Atton Brickell Hotel at 1500 SW 1st Ave, for delivery in early 2016. It’s the latest hospitality brand to break into the Miami hotel market and Atton’s first property in the States. According to Atton CEO Francisco Levine, the location should attract business travelers who want an economical, full-service experience with Latin American flavor. Amenities will include an on-site restaurant with curbside tables, nearly 7,000 SF of meeting space, a bar and pool bar, and 177 parking spaces. (Fellas, we hate to be sticklers, but only two of the six of you are wearing acceptable eye protection for construction work.)
In the office realm, new-to-market corporations—domestic and from other parts of the globe—are attracted to Brickell partly for its rep as a kind of Wall Street of the Americas, Blanca Commercial Real Estate prez Tere Blanca tells us. The Brickell brand is a powerful thing, she says. But there’s more to it than that: Brickell also affords execs and employees both access to a range of housing options, a growing base of shops, restaurants, and hotels, and numerous transit connections. “That’s a powerful combination in any office market,” she explains.
Recently the 523k SF Sabadell Financial Center in Brickell inked six new leases totaling more than 34k SF. (Their ink budget must be huge.) The largest lease was 15k SF, taken by new-to-market office tenant Fagron, a global pharmaceutical compounding company. Other new tenants include reinsurance company Barents RE Risk Management; boutique investment bank BancTrust; asset management firm Exan Capital; and travel agency Platinum Travel. Tere, along with colleagues Danet Linares and Juan Ruiz repped the landlord in the leases.
