Miami’s 1450 Brickell Wins ‘Project of the Year’ Distinction

Based on its mixed-use/pedestrian-friendly character, coupled with focus on sustainable design and construction, Rilea Group’s 1450 Brickell office tower was named ‘Project of the Year’ by Urban Land Institute’s SE Florida/Caribbean District Council.

Based on its mixed-use/pedestrian-friendly character, coupled with focus on sustainable design and construction, Rilea Group’s 1450 Brickell office tower was named ‘Project of the Year’ by Urban Land Institute’s SE Florida/Caribbean District Council.

The ‘Project of the Year’ distinction—widely considered the land-use and development industry’s top honor—recognizes real estate projects that best embodies the mission of the Urban Land Institute: ensuring the responsible use of land in an effort to create sustainable, thriving communities around the world. The award was presented during the District Council’s 2012 Vision Awards held on August 29, 2012 at the JW Marriott Marquis Miami.

The office tower came in first while contending with other notable finalists, including Miami’s Marlins Park, the Florida Atlantic University College of Engineering & Computer Science building in Boca Raton, Miami-Dade County’s Brownsville Transit Village affordable housing development, the City of Doral’s Government Center and the Bahia Beach Resort & Golf Club in Rio Grande, Puerto Rico.

1450 Brickell was developed by Rilea Group, along with the adjacent One Broadway luxury apartment building. Located at the entrance to the Brickell Financial District  between Brickell Avenue and South Miami Avenue at the intersection of Southeast 15th Street, the mixed-use complex includes approximately 583,000 square feet of Class A office space, 410,000 square feet of residential space for 371 units and more than 35,000 square feet of ground floor restaurant/retail space.

The building became the City of Miami’s first newly built office tower to achieve LEED Gold status in 2010.

Merely two years after opening its doors, 1450 Brickell reached 94 percent occupancy, gaining a tenant roster that includes JP Morgan Chase, HJ Heinz Company, Longchamp, Bilzin Sumberg, BNY/Mellon and American Express. The neighboring One Broadway building is also 98 percent occupied, and the complex’s street-level retail product is fully occupied and open for business. Restaurant tenants include PM Fish & Steak House, Brickell Irish Pub, Pieduck’s Pizza and TIKL Raw Bar & Grill.

Image Courtesy of Schwartz Media Strategies

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