The largest green office building in Florida is set to go up on
Miami's Brickell Avenue, adding momentum to the sustainable building
movement in a state that has lagged far behind places like California,
New York and Europe.
Developer Foram Group plans to demolish the office building at 600
Brickell Avenue by March and build in its place a 40-story,
601,000-square-foot office tower called Brickell Financial Centre. The
privately held Miami builder is seeking LEED certification -- a
designation issued by the U.S. Green Building Council -- for the
structure.
Groundbreaking is set for April, with completion in 2009.
To date, not a single building in South Florida is certified LEED,
which stands for Leadership in Energy and Environmental Design. A
handful of developers have announced plans to get green building
certification, but none have earned it yet and none would be this big.
Across Florida, just 10 buildings are certified green, compared to more than 70 in California.
''I wish it was a noble cause, but building green was really a
business decision,'' said Loretta H. Cockrum, Chairman and CEO of Foram
Group. ``We didn't want to find ourselves 10 years from now with a
building that was competing with all new buildings that would all be
LEED certified.''
CUTTING COSTS
Green building significantly cuts energy and water usage, including
reducing emissions that cause global warming. Private developers and
financial institutions are increasingly embracing the concept because
it can also increase the bottom line.
The upfront costs for green building are now virtually the same as
for conventional construction, experts say. Also, green building
reduces operating costs and is increasingly sought after by users.
Studies have shown that elements like enhanced natural light and
cleaner air result in reduced absenteeism in offices, better
performance in schools and even better sales in stores.
Foram's announcement of a specific timeline to build not only gives
a jolt to the green building movement locally but raises the stakes in
the competition to construct office buildings in Miami's downtown area.
Large-scale office development had taken a back seat to condominium
building, but that is changing.
Developer Alan Ojeda has announced plans to build a 35-floor,
588,000-square-foot tower at 1450 Brickell Ave. and builder MDM Group
plans a 47-floor, 712,000-square-foot tower called Met 2 in the heart
of downtown. Some observers say three large office buildings would be
way too much at once, transforming Miami's tight office market into one
with an excess of office space.
The conventional wisdom is that one building will drop out. Yet all three builders continue to insist they are going forward.
Brickell Financial Centre is also slated to come with ground-floor
restaurants and three-quarters of an acre of open space at its
doorstep. The proportions of the outdoor plaza are comparable to
Rockefeller Center in New York, Cockrum said. Plans also call for a
second phase with a hotel and retail space.
Green building continues to gather steam in South Florida, despite a
slow start. In December Miami Mayor Manny Diaz hosted U.S. Green
Building Council CEO Richard Fedrizzi at a conference on sustainable
building. Diaz held another forum on green building this week, and
Pembroke Pines Mayor Frank Ortis has also been an outspoken advocate
for sustainable construction.
MORE PROJECTS
Projects currently seeking LEED-certification status that are in the
works or completed include a public library in Pembroke Pines by
Broward County and Broward Community College, Florida Atlantic
University's Christine E. Lynn College of Nursing in Boca Raton and
Holly Real Estate's 130,000-square-foot office-condo in Miami called
Miami Green.
Liberty Property Trust, a Philadelphia-based builder, plans a
LEED-certified office park in Miramar that is to include two
four-story, 110,000-square-foot buildings. The University of Miami has
pledged that its hospital planned near Jackson Memorial Hospital in
Miami will be LEED certified.