20-story office tower proposed on I95 in Miami, featuring 137 electric vehicle charging stations

On October 18, the Development Review Committee of Miami will examine a proposal for a new office building located at 3601 N. Miami Ave in Midtown Miami. The 20-story structure is a collaborative project involving TIL 3601 Owner LLC, a joint venture consisting of Miami-based Integra Investments, New York-based TriStar Capital, and another Miami-based firm, Lndmrk Development. These firms acquired the 0.99-acre plot for $23 million this year, following its foreclosure in the prior year.

The proposed building's design spans 448,817 square feet. Office space would occupy 199,048 square feet, alongside 11,438 square feet earmarked for commercial use. Additionally, plans include provisions for 642 parking slots, 137 of which would be equipped for electric vehicle charging.

Retail operations would be situated on the ground level, covering 4,196 square feet. The office areas are planned to start from the eighth floor, with floor plates varying between approximately 12,000 and 21,000 square feet. Unique features of the building include terraces on four of the office floors, a fitness center on the 19th floor, and a 20th-floor amenity deck that would house a full-service restaurant and an outdoor garden.

Integra Investments, one of the involved companies, has previously worked on similar projects, including constructing the Starwood Capital headquarters in Miami Beach. However, officials from Integra chose not to comment on the Midtown Miami project. The architectural design for the building is credited to Miami-based Arquitectonica, and local attorney Iris Escarra is representing the developers in their application.

In related news, a third-quarter market report from JLL indicates that the asking rent for office spaces in Miami-Dade County has risen 16.5% year-over-year, standing at $56.46 per square foot. The report also revealed that Miami-Dade County currently has 2.29 million square feet of office space under construction, of which 1.4 million square feet is located in the Brickell and Wynwood areas.

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