[MiamiJR]

Developer plans office building in Biscayne Corridor
South Florida Business Journal - 11:11 AM EDT Thursday

Grouper Financial said it will build a 29-story, Class A office building in Miami's Biscayne corridor, midway between the new performing arts center and the Design District. The Miami-based developer said 2222 Biscayne will be between 22nd Street and 23rd Street. The two-acre, 432,477-square-foot project is to include office and retail condominiums, a health club, restaurants, windows with impact-resistant glass, rooftop terraces, office balconies, executive suites and a parking garage. Grouper said it also plans to maintain space for lease for large tenants. "We are building 2222 Biscayne to meet the growth needs of this emerging neighborhood," said Scott Silver, president of Grouper Financial. "This project will not only provide an alternative to the crowded office environment downtown and on Brickell Avenue, but will also match the striking new residential architecture in the Biscayne Corridor." The building, designed by architect Gail B. Baldwin, is to offer floor plates of more than 25,000 square feet and four parking spaces per 1,000 square feet of leased or purchased office space. Construction is scheduled to begin fall 2007, with delivery of the building in fall 2009. The developer put the starting base rental price at $38 a square foot, with ownership starting at $350 a square foot. The land is part of a four-acre parcel Grouper bought earlier this year for $22.75 million.