$412M investment in Miami Project

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Espacio USA Investing $412M in Downtown Miami Project By Jennifer LeClaire MIAMI—Espacio USA has finalized plans for a $412-million mixed-use project that includes offices, high-end condominiums, and street level retail space in Downtown Miami. The American division of Spain-based real estate firm Inmobiliaria Espacio will break ground at 1400 Biscayne Boulevard in early 2013. Project plans include a 12-story, 103,000-square-foot class A boutique office building designed to achieve LEED Gold certification and a 55-story luxury residential condominium tower with prime street-level retail product. Set in Miami’s cultural arts and entertainment district just north of the Adrienne Arsht Center for the Performing Arts, the project is expected to take five years to build… via GlobeSt.com – Espacio USA Investing $412M in Downtown Miami Project – Daily News Article.

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