Town Center One Tops Off 52% Sold

(Crystal Proenza is associate editor of Real Estate Florida.)

MIAMI-Town Center One, a 210,000-sf class A office condo building, located on North Kendall Drive in the new Downtown Dadeland area, has topped off. The building is 52% sold and is on track for completion by May 2009, according to developer Dayco. Luis Lamar, president of the development company, says the estimated sell-out of the project is $100 million.

“The Dadeland area’s appeal has been a major selling point at Town Center One,” says Doris Myers, project manager. “Many areas of Miami-Dade are on the way to becoming what we already are—a true urban sub-market with every conceivable amenity, from mass transit (direct access to Metrorail), to shopping (across the street from Dadeland Mall) to multiple residential options ([1200] new units within strolling distance of Town Center One), all within a beautiful, walkable environment.”