- Investment Sales & Capital Markets
- Real Estate Solutions
- Incentives Negotiation & Location Strategy
- Project Management
- Building Management
- User Development Services
MIAMI (April 16, 2018) –Demetree Global and leasing agent Foundry Commercial announce today the completion of Phase 1 of a strategic repositioning at 2600 Douglas, an office building in Downtown Coral Gables. The completed renovations include a new main entrance and an overhaul of the entire interior of the building. The architect for the renovations is Zyscovich Architects, and Foundry’s Randy Olen and Sareska Batista are leading the marketing and leasing efforts for the building.
2600 Douglas, which was built in 1972 as the first Class A office building in Coral Gables, is a landmark within the historic city.
“With clean lines and a more contemporary aesthetic than the city’s customary Mediterranean architecture, Zyscovich’s approach to repositioning the building entrance at 2600 Douglas was to create a highly transparent ground floor connecting the building to the city-at-large, the VIP drop-off, and the rideshare pick-up area,” said Anabella Smith, ID, partner at Zyscovich Architects who spearheaded the design concept for the renovations.
“This has been a remarkable project from the start so it is rewarding to see it come to fruition, and to know the sustainable impact this project will have on downtown Coral Gables, which continues to grow as a dynamic and exciting community in which to live and work,” said Mary Demetree, chairwoman of Demetree Global.
The next phase of the estimated $10 million repositioning project will include concrete stair towers, cladded with back-lit, perforated metal that will gleam in an elegant and unique way, setting this contemporary building apart from others in the region.
“The transformation of this building has been nothing short of extraordinary, and it is a thrill for us to see how impressed brokers and prospects are when they tour it,” said Olen. “We are looking forward to continuing the repositioning of 2600 Douglas with the extremely talented teams at Demetree Global and Zyscovich.”
The unveiling of the new entranceway and interior was celebrated at a grand opening ceremony and ribbon cutting on Wednesday, April 11, 2018 and was attended by Coral Gables City Mayor Raul Valdes-Fauli and Coral Gables Chamber of Commerce President & CEO Mark A. Trowbridge. Photos from the event can be found here.
During the first quarter of 2018, Foundry Commercial has completed seven lease transactions at 2600 Douglas with activity happening on an additional 11,083 square feet.
Demetree Global has been a pioneer in land development, construction, commercial real estate and land use, positioning the company as an industry leader for more than 65 years. Evidence of the Demetree entrepreneurial spirit and vision is built into skylines, executive office centers, suburbs, multi-tenant facilities, student housing, real estate development projects and retail shopping centers throughout Florida. The Demetree Global family of companies has a rich heritage in Jacksonville, Miami and Orlando, Florida. After selling 12,500 acres to Walt Disney and helping create the Orlando skyline, the Demetree trademark remains known for its attention to detail, superior service and successful business relationships with employees, partners and clients.
Demetree Global’s portfolio of investments includes 1.5 million square-feet of commercial real estate, over 6,000 residential units, more than 1,200 hotel keys, 1,600 acres of raw land and a variety of operating businesses across several industries. For more information, visit www.demetreeglobal.com.
Media Contact for Demetree Global