Columbus Center

Columbus Center
Coral Gables, Florida

Property Address:
1 Alhambra Plaza
Miami, FL 33134

278,000-square-foot, mixed-use, built-to-suit office and retail project with an 850-space parking garage.

BPG, in a joint venture with IBM and USAA, acquired the land in 1989 for a ground-up development. The property was entitled for added density due to BPG's willingness to meet strict design standards established by the City of Coral Gables. Prior to starting construction, BPG procured IBM as the lead tenant and equity investor in the land acquisition and project development. At completion in 1991, the project had attracted several other high-profile tenants and a first-class restaurant. The project was sold by BPG in 1993.