02:55 am
June 28, 2017

Next Up from Swire

Next Up from Swire
A planned lounge in the retail area at Brickell City Centre

Developer shows no signs of slowing as Stephen Owens steps down

By Kevin Gale

Stephen Owens

Stephen Owens

Brickell City Centre developer Swire Properties has land for a major project in Fort Lauderdale across the street from the Brightline high-speed rail station.

Stephen Owens, president of Swire’s U.S. real estate subsidiary, mentioned the project during a May 24 panel discussion at Mandarin Oriental, Miami on Brickell Key, an island that Swire developed. The discussion was sponsored by Baker Tilly, a global accounting alliance.

Owens also talked about how bullish he was on Miami. “Miami is the most exciting place I know of at the moment,” said Owens, whose retirement next January was announced the day after the seminar. “My only regret is I wish I was 20 years younger.”

In response to a question, Swire said the Fort Lauderdale property is on the south side of Broward Boulevard just west of the downtown area in the Arts & Entertainment District. Part of it backs up on Himmarshee, which has a row of bars and restaurants.

Owens’ description matches parking lots near the Revolution Live music venue and the Museum of Discovery and Science.

A restaurant area at Brickell City Centre

A restaurant area at Brickell City Centre

The Brightline station is being built on the north side of Broward Boulevard and will offer roughly 30-minute trips to downtown Miami and downtown West Palm Beach.

Don’t expect Swire to rush to do a project, though, because the firm tends to take a long-term view toward development opportunities. The company bought the land on Brickell Key in 1979 and still has one parcel left to develop. It bought the Brickell City Centre site after the real estate bust in Miami and construction of the $1.05 billion project has been underway for four years.

Swire has a temporary occupancy certificate on three out of seven buildings and expects to open the rest at the rate of one building every other month, Owens said.

The company recently released renderings for the 500,000 square feet of retail space at City Centre and a ribbon-cutting was held for City Centre’s EAST hotel on May 23. The Akerman law firm previously moved into City Centre’s first office tower.

Conception for a book store

Conception for a book store

The second phase will be nearly as big as the first, with a $1.5 billion development. Owens expects a much taller building with mixed-use space plus two other residential towers. The Federal Aviation Administration has approved an 80-story tower.

Swire, which has 136,000 employees on five continents, has invested
$2.5 billion in Miami and it’s paid off very well, Owens said. “We have plans to increase that substantially going forward.

“There is no other city in North America that has a chapter to be played like Miami,” said Owens, adding that you can’t mention Miami without talking about the future of Cuba these days.

The integrated Metromover stop

The integrated Metromover stop

Owens, who has spent 40 years with Swire, will continue to serve on the board of the company, where he will provide counsel on its U.S. development and investment operations. He will be succeeded by Kieran Bowers, who joined Swire in 1998.

Bowers is currently general manager of Cityplaza in Hong Kong, a 3.27 million-square-foot mixed-use development featuring Hong Kong Island’s biggest shopping mall, three office towers and a lifestyle business hotel, and is linked by metro and road transport. Bowers has served in senior roles in both mainland China and Hong Kong. He worked for Cathay Pacific, Swire’s aviation arm, prior to joining Swire Properties.

27 comments

  • When I initially left a comment I seem to have clicked the -Notify me
    when new comments are added- checkbox and from now on whenever a comment
    is added I receive 4 emails with the exact same comment.
    Perhaps there is an easy method you are able to remove me from that service?
    Many thanks!

    Reply
  • After going over a handful of the articles on your web site, I
    truly appreciate your technique of blogging. I saved as a favorite it
    to my bookmark webpage list and will be checking back soon. Take a look at my web site too and
    let me know what you think.

    Reply
  • Neat blog! Is your theme custom made or did you download it from somewhere?
    A theme like yours with a few simple adjustements would really make my blog stand out.

    Please let me know where you got your design. Bless you

    Reply
  • Hello there, I found your site via Google even as looking for a related subject, your web site got here up,
    it seems good. I’ve bookmarked it in my google bookmarks.

    Hi there, simply was aware of your weblog through Google, and
    found that it’s really informative. I’m gonna watch out for brussels.

    I will be grateful in the event you proceed this in future.
    Numerous folks will probably be benefited from your writing.
    Cheers!

    Reply
  • Hi there, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam responses?

    If so how do you protect against it, any plugin or anything you can advise?
    I get so much lately it’s driving me crazy so
    any help is very much appreciated.

    Reply
  • Do you have a spam issue on this website; I also am a blogger,
    and I was wanting to know your situation; we have developed some nice methods and we are looking to trade strategies with others, be sure to shoot me an e-mail if interested.

    Reply
  • Thanks on your marvelous posting! I truly enjoyed reading
    it, you will be a great author.I will be sure to bookmark
    your blog and will often come back very soon.
    I want to encourage one to continue your great work, have a nice morning!

    Reply
  • A motivating discussion is definitely worth comment.
    I believe that you need to write more on this subject,
    it might not be a taboo matter but usually people
    don’t discuss such issues. To the next! Cheers!!

    Reply
  • It is appropriate time to make some plans for the longer
    term and it is time to be happy. I have read this publish
    and if I may just I wish to suggest you some fascinating issues or suggestions.
    Perhaps you could write next articles referring to this article.

    I desire to read even more things approximately it!

    Reply
  • Right here is the right site for anyone who wants to find out about this topic.
    You know a whole lot its almost tough to argue with you (not that I actually would
    want to…HaHa). You certainly put a new spin on a subject that’s been written about for ages.
    Excellent stuff, just wonderful!

    Reply
  • May I simply just say what a relief to uncover someone that
    genuinely understands what they’re discussing on the internet.
    You definitely realize how to bring an issue to light and make
    it important. More people have to read this and understand this side of the story.
    It’s surprising you are not more popular given that you definitely
    possess the gift.

    Reply
  • I have been browsing online more than 3 hours as of late, yet I never discovered any
    interesting article like yours. It’s beautiful value
    enough for me. Personally, if all website owners and bloggers made good
    content as you probably did, the net will likely be much more helpful than ever before.

    Reply
  • It is the best time to make some plans for
    the longer term and it is time to be happy. I have read this submit and if
    I could I wish to counsel you few fascinating things or advice.

    Maybe you can write subsequent articles relating to this article.
    I want to learn more things about it!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *