print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

ULI Names 1450 Brickell as Project of the Year

Rilea Group's LEED-Gold Tower Takes Top Honors at Southeast Florida / Caribbean 2012 Vision Awards
September 5, 2012
Rilea Group's 1450 Brickell Office Tower
Rilea Group's 1450 Brickell Office Tower
The Urban Land Institute’s (ULI) Southeast Florida / Caribbean District Council has selected 1450 Brickell as 'Project of the Year' at the District Council's 2012 Vision Awards held on August 29, 2012.

Downtown Miami's premier class A office tower was recognized for its mixed-use and pedestrian-friendly character, focus on sustainable design and construction, and its commercial viability.

Rilea Group developed 1450 Brickell and the adjacent One Broadway luxury apartment building at the entrance to the Brickell Financial District, at the intersection of S. Miami Ave. and SE 15th Street. The mixed-use complex totals nearly 583,000 square feet of high-end office space, 371 residential apartments, and more than 35,000 square feet of ground-floor retail and restaurant space.

That wasn't always the plan for 1450 Brickell. Rilea Group was initially planning a condo building at this site during the early days of the boom, but revised plans in the face of excess supply and instead developed the current mixed-use project. The decision appears to have paid off for Rilea, as 1450 Brickell stands 94 percent occupied after opening less than two years ago, with a tenant roster that includes JP Morgan Chase, HJ Heinz Co, BNY Mellon and American Express. One Broadway boasts 98 percent occupancy while the retail portion is already filled.

"By developing a mixed-use project combining residential, retail and commercial uses, we’ve been able to market 1450 Brickell as much more than an office building," said Rilea Group executive Diego Ojeda. "The tower is a gathering place for the community, a business hub, and a lifestyle destination in the heart of one of the world’s most dynamic urban districts."

In addition, Rilea Group focused on energy efficiency during the design and construction phases, resulting in 1450 Brickell becoming the City of Miami's first newly-built office tower to achieve LEED Gold in 2010. Nichols Brosch Wurst Wolfe & Assoc. served as architectural firm with construction led by Coastal Construction. The exterior curtain wall is one of the most durable in the nation, featuring large-missile impact glass tested to withstand hurricane-force winds.

The other 'Project of the Year' finalists included 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 Doral Government Center, and the Bahia Beach Resort & Golf Club in Rio Grande, Puerto Rico.

Also at the 2012 Vision Awards dinner and ceremony, the ULI bestowed its 2012 Lifetime Achievement Award on the Graham Family, present and past, of Miami Lakes. One of Florida's most visionary developers, the family was honored for its 80 years of community development in South Florida and for its impact on the Miami Lakes region, which the family founded 50 years ago.

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News