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Sterling Bay Joins Key International as Co-Developer of 848 Brickell

A Premier Trophy Office and Retail Tower Proposed in Brickell  

Miami, FL – January, 24 2024 – Sterling Bay, a national real estate development firm known for its pioneering approach to developing award-winning creative offices, has been announced as the co-development partner of 848 Brickell, a Class A creative office and retail tower proposed in Miami’s Brickell submarket. Sterling Bay joins Key International in developing plans for this project, which, pursuant to zoning approval by Miami-Dade County, will soar 51 stories in the heart of Miami’s bustling Financial District. 

With a reputation for redefining the workplace experience through innovative design, amenities, and functionality, Sterling Bay consistently delivers creative offices for globally recognized tenants, including Google, McDonald’s, Dyson, WPP, Boston Consulting Group, and Greenberg Traurig. The firm’s impressive portfolio includes a pipeline of $20 billion in transformative urban campuses that have reimagined entire communities and reshaped how people perceive and engage with office spaces. 

“We strategically selected Sterling Bay as our co-development partner at 848 Brickell to bring their expertise in creating world-class offices to this exciting new project,” said Diego Ardid, Co-President at Key International. “We’re confident that their involvement will ensure 848 Brickell represents the next generation of modern workspaces in South Florida.” 

Sterling Bay has developed workplace environments for over twenty years, partnering with global architecture and design leaders to create spaces that foster productivity, collaboration, and employee well-being. In 2019, Sterling Bay completed its first Miami office development, 545wyn, which marked Wynwood’s first-ever Class A office building, sparking a boom in Wynwood’s commercial activity, and bringing major tenants to the submarket, including Sony Music, PwC, MIAX, Gensler, and Slalom. 

“Miami is the nation’s new epicenter for commercial growth, and Brickell sits at the center of the city’s business activity – it’s arguably the hottest submarket in the country right now for commercial office development, and we’re poised to deliver a top-tier office product at a crucial inflection point for the area,” said Andy Gloor, CEO at Sterling Bay. “848 Brickell will exceed everyone’s expectations for fusing the Miami lifestyle with its workplace needs, and we look forward to working with Key International to deliver on this shared vision.” 

Once complete, 848 Brickell will offer future tenants an impressive 750,000+ square feet of Class-A office space, accompanied by a curated ground-floor retail space spanning 7,500 square feet and on-site parking facilities 

accommodating over 1,000 vehicles. Designed by global architectural, urban planning, and engineering firm Skidmore, Owings, & Merrill (SOM) to cater to the evolving needs of modern businesses and professionals, 848 Brickell touts’ 

hospitality-inspired workplace amenities, including on-site, tech-enabled conference facilities, a luxury fitness center, and an expansive outdoor terrace, mixed with lifestyle amenities like padel tennis courts and private open-air lounges. This prime location offers tenants ocean and Brickell Avenue views and quick access to the neighborhood’s top dining, retail, and entertainment destinations. 

For more information on plans for 848 Brickell, including leasing opportunities, please visit this link or contact leasing@sterlingbay.com. 

ABOUT STERLING BAY 

Sterling Bay is a national real estate company known for its design-driven approach to creating spaces nationwide. The firm’s team of 150-plus professionals manages a portfolio exceeding $20 billion in real estate assets across the creative office, industrial, residential, and life sciences sectors. By constructing connected and collaborative spaces for world- class companies such as Google, McDonald’s, and Dyson, Sterling Bay has garnered a reputation for enhancing culture and creating economic opportunity. For more information, visit sterlingbay.com. 

ABOUT KEY INTERNATIONAL 

Key International is a global real estate development and investment firm with a strong presence in Florida, Spain and Portugal. Since its inception in 1970, the company has been involved in over $8 billion of diversified real estate transactions, encompassing residential, lodging, office, retail, and mixed-use developments. The company’s portfolio boasts an impressive record, including the development of over 10 million square feet of property, comprising more than 6,000 residential units and over 3,300 hotel keys. 

The firm has been a driving force in the growth of South Florida’s real estate market as developers and owners of high- profile properties including the Eden Roc Resort Miami Beach, the Marriott Stanton Hotel South Beach and the 848 Brickell Avenue office building. Key International has also led the way as developers of marquee residential projects throughout Florida, including 1010 Brickell, 400 Sunny Isles, Mint and Ivy on the Miami River, The Harbour, Parks at Delray and Waterways Luxury Apartments & Marina in St. Petersburg. As a family-run company, the firm prioritizes owning and operating long-term developments that are community centric and forward-thinking, with a goal of serving cities and inspiring growth. 

Please visit www.keyint.com for more information on the company and its portfolio. 

ABOUT SKIDMORE, OWINGS & MERRILL (SOM) 

Skidmore, Owings & Merrill (SOM) is a global practice of architects, designers, engineers, and planners, responsible for some of the world’s most technically and environmentally advanced buildings and significant public spaces. From a strategic regional plan to a single piece of furniture, SOM’s designs anticipate change in the way we live, work and communicate, and have brought lasting value to communities around the world. The firm’s approach is highly collaborative, and its interdisciplinary team is engaged in a wide range of international projects, with creative studios based across the globe. SOM is a net zero emissions business. Read our Climate Action Report to learn more 

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