MIAMI—55 Miracle Mile, a 65,242 square-foot class A mixed-use development, is reporting a miracle, of sorts. The building is fully leased.

55 Miracle Mile reached 100% occupancy on three new office leases to All Inclusive Collection, Maltzman & Partners, and Richards Goldstein executed in July. Most of the leases were renewals and all were expansions and come on the heels of recent renovations and upgrades to the interior, exterior and garage.

“Our team took over the leasing four months ago, and we were able to bring the vacancy rate down to zero as a result of the three most recent leases, which represent approximately 20% of the office space,” says Stephen Rutchik, executive vice president of Colliers International South Florida, who represented the owner, CGI Merchant Group. “The mix of retailers and office tenants coupled with the upcoming improvements to Miracle Mile has made this an even more desirable building.”

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