HISTORIC OFFICE TOWER TO UNDERGO RENOVATION IN DOWNTOWN MIAMI
MIAMI — Miami-based Apex DMG has secured a $30 million loan from Mellon Bank for the acquisition and renovation of One Flagler, a 145,000-square-foot, 15-story office tower in downtown Miami. The Morris Lapidus designed building will feature office condominiums, for-lease office and more than 15,000 square feet of retail space. Additional amenities include high-tech security upgrades and dedicated jewelry floors with industry-specific technical improvements. The building is located at the corner of Flagler St. and NE First Ave., and is scheduled for completion in mid-2008. Miami-based Cabo Construction is the general contractor.