Chicago-based developer John Buck Co. is building its first project in Miami to take advantage of growing demand for offices and housing in the area.
Plans call for a 41-story tower in the city’s downtown with 245,000 square feet (22,800 square meters) of office space and more than 300 condos. John Buck is teaming up with private equity firms Florida Value Partners, BH Group and PEBB Enterprises on the project, called HUB Miami.
The developers purchased the site, close to MiamiCentral Station, in February for nearly $40 million. They plan to start work by the end of the year and are aiming for completion in 2027.