New World Tower

100 Biscayne To Undergo $10M Renovation

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100 Biscayne

100 Biscayne

After being sold for $84 million in October 2016 to East End Capital, New World Tower - now named 100 Biscayne - will undergo a $10 million renovation.

Built in 1964 and developed by Jose Ferré, 100 Biscayne was once the tallest building in Miami and the first to have both office and residential use. The residential units on the top 9 floors were eventually changed to offices. 

The $10 million in renovations, designed by Zyscovich Architects will upgrade the lobby, façade and common corridors.

New World Tower Sold For $84M

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New World Tower Miami

The New World Tower office building in Downtown Miami has sold for $84 million, according to Curbed Miami.

The 30 story office tower located at 100 South Biscayne Boulevard was built in 1963 and has 324,407 square feet of space. 

The buyer of New World Tower is East End Capital who also recently developed The Wynwood Arcade and the proposed Wynwood 25. East End Capital plans to spend $10 million on upgrading the building.

New World Tower last sold ten years ago for $60.4 million.