Miami

Due to the current economic downturn in the US, P3s are becoming more attractive to local governments as funds for municipal capital improvements go down sharply.

The property was originally built in 2000 as part of the Merrill Lynch corporate campus and consists of three office buildings totaling 380,417 square feet.

"We have also added additional cleaning staff to disinfect all areas of the building multiple times throughout the day, focusing on high-touch areas," says Magellan Development's Brian Gordon.

A Holland & Knight legal team closed the transaction working remotely during the COVID-19 pandemic.

The 1,244-bed facility will have a lot of features that are not replicated elsewhere, says Global City Development's Brian Pearl.

The city-chosen developer and the previous would-be developers are locked in a legal battle, delaying a project that's been 7 years in the works.

Many cruise lines have entire buildings for their growing office operations under construction, according to JLL.

Virtual classes include a "jam fitness session" on Mondays and Wednesdays during lunch and a jazz happy hour on Sundays.