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City National Bank Building, 25-27 West Flagler Street, Miami, Florida, USA / Built: 1955 / Architect: Edwin T. Reeder & Associates / Floors: 12 / Height: 136.39 ft / Building Usage: Commercial Office / Architectural Style: Modernism

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posted by [email protected] alias Photographer South Florida on Tuesday 23rd of March 2021 10:52:53 PM

ARTICLE BELOW WRITTEN BY: REBECCA SAN JUAN AND ROB WILE DECEMBER 17, 2019 12:17 PM, UPDATED DECEMBER 18, 2019 05:08 PM City National Bank announced Tuesday it had sold its former downtown headquarters to developer Moishe Mana for $25 million. The 12-story building at 25 West Flagler Street spans 166,817 square feet. The developer paid about $150 per square foot. The building will be gutted and renovated to serve the legal community, Mana said. Given the building is steps from the Miami-Dade County Courthouse, Mana said, “The idea is to give them shared office space and a place where they can stay and sleep. It is an interesting concept that we are working on.” His vision for the historic building, originally constructed in 1955, will take a few years to be realized, he said. “The next step is getting the team to come up with a good vision and finances. It will take a few years to design the interior and permitting.” Mana has invested millions in the downtown district, in addition to other holdings across Miami-Dade County. He has spent more than $350 million alone to buy over 50 properties in the downtown core, making him the single largest landowner in downtown Miami. He has plans to redevelop the Flagler District with the Mana Common project, a tech- and start-up-driven enclave which recently broke ground. “Moishe Mana is one of a handful of real estate developers who are spearheading the revitalization of Flagler Street, which has been Downtown Miami’s historic main street dating back a century,” Christina Crespi, Deputy Director of the Miami Downtown Development Authority, said in a statement. “The new investment pouring into the Flagler District is being driven by a fast-growing residential population in our Central Business District, record-setting tourism activity in our urban core, and the upcoming redesign of the Flagler Streetscape set to begin 2020.” City National, meanwhile, said the transaction is part of its plan to invest in talent, technology, and cybersecurity. CNB’s team is now spread across Coral Gables, downtown, and Brickell. CNB will continue to have a banking center on Flagler Street. “Building Florida’s iconic bank begins with our people, and attracting and retaining the top talent in the market means offering our team a best-in-class workplace,” City National Bank President & CEO Jorge Gonzalez said in a statement. “Our modern offices in Downtown, Coral Gables and Brickell will provide our employees an environment that promotes collaboration and innovation, with state-of-the-art technology in a modern workplace — resulting in an even better experience for our clients.” Credit for the data above is given to the following websites: © All Rights Reserved - you may not use this image in any form without my prior permission.

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  • Published 06.30.22
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