Key Takeaways
- Strategic Joint Venture: Miami Design District Associates and BH3 Management have partnered to build The Ursa, a 20-story Class A luxury office building in Miami’s Design District.
- Expanded Footprint: The new partnership has expanded the project’s original design footprint by 40 percent, taking the development to 250,000 square feet of office and amenity space.
- Design & Amenities: Designed by Arquitectonica and Arsham Studio, the tower features 14-foot ceilings, ground-floor retail (15,000 square feet), museum-quality art installations, an amenity deck, and fitness facilities.
- Timeline: Construction is slated to begin in 2027, with official completion anticipated for 2029.
Miami Design District Associates and BH3 Join Forces on Expanded 20-Story Office Tower, ‘The Ursa’
MIAMI — In a landmark move for South Florida’s commercial real estate landscape, Miami Design District Associates and BH3 Management have formed a joint venture to co-develop The Ursa, an ambitious Class A office tower set to reshape the skyline of Miami’s iconic Design District.
The strategic partnership marks a substantial evolution of the original proposal, expanding the total project footprint by 40 percent to deliver 250,000 square feet of state-of-the-art office space and luxury amenities.
Premier Amenities for the Modern Workforce
To meet the evolving demands of top-tier corporate tenants relocating to South Florida, The Ursa is programmed with an expansive suite of lifestyle amenities, including:
- Dedicated Amenity Deck: A resort-style terrace designed for outdoor meetings, networking, and relaxation.
- Ground-Floor Retail: 15,000 square feet of high-end retail space tailored for boutique concepts and fine dining.
- Wellness & Fitness Facilities: Onsite health clubs and wellness centers for executive wellbeing.
- Integrated Parking: Multi-level secure onsite parking structure.
Development Timeline & Market Impact
Groundbreaking for The Ursa is officially scheduled for 2027, with completion and tenant build-outs expected in 2029.
As high-net-worth individuals and national financial firms continue their migration to South Florida, the expanded scale of The Ursa underscores strong institutional confidence in Miami’s long-term commercial vitality.
