Southeast Financial Center

WeWork To Lease Four Floors In The Southeast Financial Center

Southeast Financial Center

Southeast Financial Center

WeWork is leasing 90,000 square feet of office space over 4 floors in the Southeast Financial Center at 200 South Biscayne Blvd, according to The Real Deal.

Two floors will open by the end of the year with the other two floors opening Summer 2020.

The Southeast Financial Center was purchased by billionaire Armando Ortega for $516.6 million in December 2016.

WeWork is leasing 10 floors of office space in the under construction 830 Brickell Plaza tower in Brickell.

Southeast Financial Center Sold For $500M

Southeast Financial Center

After being put on the market in July, the Southeast Financial Center has been purchased for $500 million, according to The Real Deal. 

The 55 story office tower in Downtown Miami was built in 1984 with 1.225 million square feet in office space. The Skidmore, Owings & Merrill designed tower was purchased by billionaire Armando Ortega, who owns the clothing chain Zara.

The iconic Miami Tower recently sold for $220 million earlier this year.

Update: The official sale price is $516.6 million

Southeast Financial Center For Sale In Downtown Miami

Southeast Financial Center

The Southeast Financial Center in Downtown Miami is for sale with a value of $500 million.

The 55 story building at 200 South Biscayne Boulevard is the second tallest building in Miami after the Four Seasons. It was built in 1984 and was designed by Skidmore, Owings & Merrill.

Tenants include Goldman Sachs, Morgan Stanley and Merrill Lynch.

The nearby Miami Tower recently sold for $220 million.

This Was Downtown Miami In The Early 90's - Before & After

A couple of weeks ago we showed how Downtown Miami looked in 1984. In the top left photo was Downtown Miami in the early 1990's and it looks slightly different than in 1984. When you compare to today in 2014 you see a noticeable difference. The tiny apartments on the Miami River were knocked down in 2006 along with the Sheraton Hotel Brickell to make way for Related Group's Icon Brickell. Below the apartment complex revealed a Tequesta burial site. That land is now the Miami Circle and used as a park. 

Just North of the Miami River was the DuPont Plaza Hotel, which was built in 1957 and demolished in 2004 to make way for the Epic Hotel and Residences. 

Since that time the Wells Fargo Tower was built North of the Epic Hotel. The Met 3 and One Miami were built in the empty lots by the Intercontinental Hotel.

Fishing boats would use the Miami River and now the wealthy use it to dock their luxury yachts.