Nine acre mixed-use development to bring significant retail space to Miami’s urban core amid record population growth

MIAMI – April 28, 2011 – The City of Miami is supporting international development firm Swire Properties as it lays the groundwork for Brickell CitiCentre (BCC). BCC is a nine acre mixed-use development in the heart of Miami’s Brickell Financial District. In an important step forward for the project, City of Miami Mayor Tomas Regalado and Swire Properties President Stephen Owens jointly announce the submission of the BCC Special Area Plan.

“The City of Miami is proud to support Swire Properties as it readies for the development of Brickell CitiCentre, and we are excited to partner with the company in its submission for Special Area Plan,” said City of Miami Mayor Tomas Regalado. “Brickell CitiCentre has the potential to be an anchor for downtown Miami, bringing major retailers and an economic boost to the heart of our City.”

Plans for BCC call for approximately 4.6 million square feet of mixed use development and incorporates sophisticated retail, office, residential, and hotel components. A total of six towers will rest atop a substantial retail complex, offering pedestrian experiences at multiple levels. The site is bounded by SW 8th Street on the south and SW 6th Street on the north and between Brickell Avenue on the east and SW 1st Avenue on the west. The original acquisition for Brickell CitiCentre was completed in 2008.

Designed by Arquitectonica, BCC is believed to be the largest registered urban mixed-use LEED Neighborhood Development projects currently being planned in the United States.

According to an independent study by Miami Economic Associates, BCC is expected to generate $1 billion in overall economic impact. An average of 1,700 jobs per year during a four-year construction phase and roughly 3,800 jobs on an ongoing basis upon completion are expected to be created.

“Brickell CitiCentre will be a game-changer for downtown Miami, enhancing its emergence as a vibrant urban core,” said Stephen Owens, President of Swire Properties. “The project will bring significant retail opportunities to the area and activate our streets with a pedestrian-friendly experience. It is a natural next step for Swire Properties, which has been active in Brickell development for nearly 30 years.”

Plans for Brickell CitiCentre include landscaped sidewalks and plazas accented with public art offerings. These will create an interaction with adjacent streets and the Metromover system that will help shape a favorable environment for pedestrians, cyclists, and public transit users. Environmentally-conscious elements include a signature elevated trellis, known as a “Climate Ribbon,” providing overhead shading, water collection and solar energy. It will enhance the pedestrian experience and overall project sustainability