Prominent Chicago Developer John Buck Co. Making Miami Debut With 41-Story Tower

November 01st 2023

By Matt Wasielewski, South Florida

A new office and condo tower is planned for Downtown Miami as developers bet that the pandemic-era boom has reset the demand dynamics for the city.

The John Buck Co., Florida Value Partners, BH Group and Pebb Enterprises have partnered on plans for a 41-story mixed-use tower named HUB Miami, which is slated to include 245K SF of office space below 306 residential condos, according to a release.

The joint venture is picking up the plan from Related Group, which first proposed the tower under the name Miami Station in late 2020 on a 1-acre lot at 525 Northwest Second Ave.

HUB Miami would be the first new Class-A office tower built in Downtown Miami in more than a decade, the developers said, and would mark Chicago-based John Buck Co.’s first Florida project.

The tower, slated for construction a block from a Brightline station, would have its office space beginning on the eighth floor, sitting atop a parking garage, and condos starting on the 22nd floor. The fully furnished condos, which were originally planned as apartments in the Related proposal, would range from 394 SF studios to 1,046 SF two-bedroom units and start in the mid-$400K range.