One Soundscape Park marks the agency’s second undertaking available in the market this yr.
SHVO has unveiled its plans for the development of One Soundscape Park, a 52,500-square-foot workplace growth situated at 1665-1667 Washington Ave. in Miami. SHVO is collaborating with Peter Marino for the advanced’s design.
The completed undertaking will overlook Miami’s Soundscape Park, in addition to the town’s South Seaside neighborhood. The event’s key architectural options will incorporate Artwork Deco-style motifs in step with area-specific designs, floor-to-ceiling materials glazing, in addition to a photo voltaic shading gadget that maximizes the interiors’ publicity to sunlight. The constructing’s facilities embrace custom-made inventive fixtures and furnishings, non-public terraces, valet parking and a site-specific tailor-made service program.
The announcement follows SHVO’s latest unveiling of The Alton, a close-by Miami mixed-use undertaking, in addition to its collaboration with Foster + Companions for the $250 million redevelopment of the Transamerica Pyramid Middle in San Francisco.
Miami’s sizzling workplace market
Regardless of a slight cooling in its workplace transaction quantity within the first half of the yr, the better Miami metro’s workplace market is experiencing important development throughout a time of mass company migration to the town. This uptick in leasing, funding and development is primarily attributable to the realm’s heat local weather and lax regulatory surroundings.
As of August, the town had 2 million sq. toes of workplace area below development and one of many lowest emptiness charges nationwide at 8.6 %, CommercialEdge knowledge reveals. The market noticed the sharpest drop in vacancies throughout the highest 50 workplace markets within the nation—490 foundation factors in comparison with the identical interval final yr, in response to the identical supply.
One other latest high-profile undertaking within the space is Helm Equities’ Parterre 42, a 500,000-square-foot mixed-use workplace and retail growth within the metropolis’s Design District.
