Miami office tower’s $10M in renovations completed

East End Capital has completed $10 million in renovations to 100 Biscayne, a 30-story office tower in downtown Miami.

The New York-based developer acquired the 310,000-square-foot office building at 100 Biscayne Blvd. for $84 million in 2016. It rebranded it from New World Tower to 100 Biscayne and soon started renovations to improve the building, which was constructed in 1963.

The renovations, which took over a year, are now complete. The building has a new streetscape facade, enhanced corridors and amenity spaces – including two conference rooms, a fitness center and yoga studio – window tinting replacement, and a 35-foot LED digital wall. East End also improved the technology aspects of the building, with better fiber connectivity and a parking service application that notifies tenants via text message when their cars have been retrieved from the garage.

The streetscape facade, exterior improvements and main lobby were designed by Zyscovich Architects, which is also a tenant. MKDA worked on the interior design of the corridors and several move-in-ready suites. Obscura crafted the art in the lobby.

Amicon Construction was the general contractor for much of the work.

“Tenants are looking for greater efficiency, increased communal common areas, more amenitized and technology-infused work spaces,” said Jonathon Yormak, founder and managing principal of East End Capital. “The upgrades completed across 100 Biscayne further enhance its central location and make it an optimal office building to meet the creative and technology markets’ growing desires and demands.”

East End Capital said about 40,000 square feet are available for lease in the building. That means its vacancy rate is about 12.9 percent.

According to the third quarter report by Colliers International South Florida, the office vacancy rate in downtown Miami was 16.9 percent, and there was positive absorption of 76,700 square feet during that quarter. The average asking rent was $45.62 a square foot.

Pipeline Workspaces to expand to Orlando

Pipeline Workspaces, a South Florida-founded company that manages a network of office space for entrepreneurs, startups and corporate teams, announced this week that it will open its sixth location in Orlando, its latest foray beyond the tri-county region.

Pipeline was founded in 2012 by Philippe Houdard and Todd Oretsky, both former professionals in the corporate world. With Pipeline, the duo hoped to combine creative design and affordable square-footage to help businesses grow, first launching in Miami’s Brickell. Today, the company has four South Florida locations (Brickell, Coral Gables, Fort Lauderdale and Doral) and a Philadelphia office.

Pipeline Orlando, at 20 N. Orange Ave. in the city’s downtown, will offer space priced from $199 to more than $5,000 a month, hoping to serve the growing professional base of the Central Florida commerce hub. The location is expected to open in the first quarter of next year.

“The opening of our Orlando workspace is a natural next step in our growth strategy, given the established and growing high-tech, legal and international business community in downtown Orlando,” Oretsky said. “Our goal is to create a business and social network that makes it possible for individuals at different stages of the business cycle to have access to each other’s talents and resources, and build meaningful connections that will help them prosper.”

Future tenants of the Orlando space include Paris Saint-Germain academy, the official academy of the professional soccer club Paris Saint-Germain FC; corporate law firm Yolofsky Law P.A.; and Miami-based construction firm Amicon Construction.

For existing Pipeline members, the Orlando location will be a benefit, too, Houdard said.

“It will offer them greater connectivity and access to multiple networks across the state of Florida,” he said. “This is an exciting time for our brand to plant its flag in Orlando, as the city is experiencing consistent economic growth.”

Pipeline has been home to teams from companies such as Google, Uber and Microsoft, as well as professional services firms and independent entrepreneurs. Pipeline has more than 2,000 members.