MIAMI BEACH’S FIRST CLASS A OFFICE BUILDING BREAKS GROUND FROM 1 HOTEL’S DEVELOPERDecember 3, 2019
Construction is now underway on an office building that will become the headquarters for Starwood Capital Group.
The new six-story headquarters is being built at 2340 Collins Avenue, across from the 1 Hotel that was redeveloped by the company. A total of 136,342 square feet of class A office space is being built.
From Collins Avenue, a paseo lined with shops and restaurants will include 8,088 square feet of retail space. Flowing waterfalls will be built next to a walkway.
Architect Gensler is designing the building and confirmed on its website that the property would become Starwood’s headquarters. The plans had originally been filed last year under a company controlled by billionaire Barry Sternlicht, the company founder who now lives in Miami Beach.
Gensler says it is the first ever Class A office building in Miami Beach, and the city’s first new corporate office building in more than 20 years.
Starwood has $55 billion under management, with 3,800 employees in 11 offices worldwide. It was the largest REIT in Connecticut before relocating to Miami.