By Jennifer LeClaire
Located at 14 NE First Avenue, One Flagler is offering 14 floors of office condos.
MIAMI—The construction boom continues in Miami as developers press forward with residential hi-rises packaged co-branded that feature famous names. Indeed, the race is on to build units as more Millennials trade in white picket fences for condos in the sky scattered around Downtown Miami.
Need examples? Some of the big names giving buildings more appeal and distinction among buyers include Armani, Fendi, Thom Filicia, Yves Behar, and Porsche. And it’s not just residences. A star architect from the past is getting recognition as One Flagler converts to office condos.
Famed architect Morris Lapidus designed the building in 1952. A true “starchitect,” Lapidus had an impressive international portfolio and a reputation for attention-getting design.
For example, Lapidus is credited with creating the 1950s resort hotel styles—such as the Fontainebleau, the Eden Roc, and the Bal Harbour Sheraton—all synonymous with the glamour of Miami Beach in the 50s and icons of Miami and Miami Beach. But he’s also the mastermind behind One Flagler, located in the heart of Downtown Miami.
Located at 14 NE First Avenue, One Flagler is offering 14 floors of office condos, spanning 143,000 square feet of sellable and leasable space with views of the downtown Miami skyline and the Atlantic Ocean. Newgard Development Group and Midgard Management Company recently took another step toward putting office condos in investors’ hands, appointing Fortune International Realty as the sales firm for One Flagler, a boutique office condo building in Downtown Miami.
“Our target remains the international buyer pool, with Latin Americans topping the list,” Harvey Hernandez, chairman and managing director for Newgard, tells GlobeSt.com. “We’re presenting One Flagler as an opportunity to own a piece of Downtown Miami’s office market at prices well below replacement cost.”
Lapidus’ dramatic sweeping lines, detailed glass curtain walls and rooftop penthouse made One Flagler one of the most modern buildings in the United States when it opened in 1952 as the Ainsley Building. Although Lapidus is not alive today to tell us more about his inspiration for the design of One Flagler, his strong legacy and worldwide appeal speaks for itself.