- March 9, 2016,
- Press Release
During months of February and March, brokers can earn an additional 2% in commissions on remaining office suites, for a total of 7% commissions on sales
Downtown Miami’s historic One Flagler Office Condominium, located at 14 NE 1st Avenue, Miami, FL, at the intersection of Flagler Street and NE 1st Avenue, is now 80% sold, and the iconic building’s ownership has launched a Developer’s Close-Out Program to celebrate.
Brokers who sell any or all of the remaining 28,000 square feet of remaining office space — which includes full floors as well as a just-introduced penthouse — will receive an additional 2% in commissions, for a total of 7% upon closing. Prices range from the $300’s to $4 million.
The fully-renovated, boutique class ‘A’ office building has been a beacon of the downtown Miami business community since the Morris Lapidus-designed building opened in 1952. The forward-thinking Lapidus laid a timeless foundation with his design, one that has been fully maximized throughout the complete renovation of all offices and common areas. The 15-story, 143,000-square-foot building has also earned a LEED Silver Certification, a rarity for historic properties.
“One Flagler has proven to be a truly unique investment opportunity for both owners and end users, especially within the increasingly tightening downtown Miami office market,” says Juan Pedro San Martin, VP of Development for Newgard Development Group. “Not only is the pricing extremely competitive, it allows investors to receive immediate income from a pre-leased office space. If a tenant has not been secured prior to a purchase, the development team will pay the lease for up to 24 months or until the tenant is secured, thus ensuring the investor a return.” There is also space for end users at very attractive price points.
One Flagler is a joint venture between Midgard Management Company and Miami-based real estate developer, Newgard Development Group. The developers have invested more than $10 million in upgrades to the building, which not only includes offices and common areas, but restrooms, elevators and much more. It is truly a unique offering in a historic building.
“The Flagler street beautification project, coupled with the opening of popular retail such as Whole Foods, continues to transform downtown Miami,” adds Fabio Faerman of Fortune International Realty, One Flagler’s exclusive sales and marketing broker. “Flagler is once again downtown Miami’s ‘Main Street,’ and the numerous professionals who now call One Flagler home confirm that.”
One Flagler’s building amenities include shared conference rooms, a tenant lounge, valet parking for tenants and visitors, 24-hour security, front desk/reception, fiber optic connectivity for high-speed internet and communication, and spectacular views of the new downtown Miami skyline.
One Flagler is surrounded by top financial institutions, leading businesses, courthouses, and other major government facilities. The property is easily accessed via mass-transit, and will be minutes from the All Aboard Florida Downtown Station, a multimodal hub station in Miami that is under construction and will serve as the flagship of the city’s express, intercity passenger rail service operation.
Buyers and agents interested in the Developer’s Close-Out Incentive can visit the building’s sales center, located in Suite 1402 at One Flagler, or schedule an appointment by contacting Fabio Faerman of Fortune International Realty at (305) 603-9776. For more information on One Flagler, please visit
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About One Flagler:
One Flagler is a 15-story boutique office condominium building offering 143,000 square feet of sellable/leasable space in the heart of downtown Miami’s bustling central business district. Located at the intersection of Flagler Street and NE 1st Avenue, the Morris Lapidus-designed building has been a downtown Miami icon since opening in 1952. One Flagler is a joint venture between Midgard Management Company and Miami-based real estate developer Newgard Development Group, which have invested $10 million in upgrades to the building’s offices and common areas. For more information, please visit One Flagler’s sales center located at 14 NE 1st Ave, Suite 1205, Miami Florida 33132. Learn more at www.oneflaglermiami.com.
About Newgard Development Group:
Founded by Harvey Hernandez, Newgard’s highly skilled associates bring more than 50 years of combined experience in development, design, marketing and construction. Hallmarks of the Newgard approach to forward-thinking development include innovative luxury buildings in desirable, centrally located neighborhoods, pedestrian-oriented lifestyles and cutting edge amenities. Property designs reflect a commitment to relevant architectural detailing and the attitudes of residents and business users. The Newgard dedication to quality extends to its professional construction team, insuring superior attention to detail, exceptional finishes and timely completion. Newgard’s recent projects include BrickellHouse, Centro, One Flagler among others. Learn more at www.newgardgroup.com.