BH3 and Partners Expanded Miami Office Project
The developers have increased The Ursa project to 20 stories in response to regional demand for high-end workspace.
Updated on Oct. 6, 2026 in Remote Work
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BH3 Management and Miami Design District Associates have formed a partnership to develop The Ursa, a 20-story office building. The revised project will provide 250,000 square feet of office space and 15,000 square feet of ground-floor retail.
Why it matters
The project expansion reflects a shift to accommodate new-to-market firms that require luxury office amenities in the Miami Design District. Developers combined adjacent properties to increase the scale of the building to meet this sustained demand.
The Ursa features 250,000 square feet of office space across 20 stories with floorplates ranging from 18,000 to 20,000 square feet. This represents a 40 percent increase over the previously planned 180,000-square-foot facility.
The players
BH3 Management
This is a real estate development and investment firm that owns multiple properties on North Miami Avenue.
Miami Design District Associates
This organization is a developer focused on transforming the Miami Design District into a luxury commercial and cultural hub.
Daniel Arsham
He is a prominent artist and designer who will curate custom art installations for the facade and interior of The Ursa.
The details
The development will sit on a site of nearly an acre, with offices starting on the seventh floor and art installations curated by Daniel Arsham. The ground floor will be dedicated to retail and dining to support the office population.
Timeline
The original 15-story project plan was revealed in 2022.
Miami-Dade County recorded 408,700 square feet of office absorption during the first half of 2026.
Construction is expected to begin in 2027.
The project is targeted for completion in 2029.
Market Landscape
This project follows the trend of high-end office absorption seen in Miami-Dade County, which reported 408,700 square feet of space leased in the first half of 2026. The shift toward larger, amenity-rich buildings reflects a competitive move to capture companies relocating to South Florida.
Area residents can expect new dining and retail options on the ground floor of the project once construction is complete. The increased office capacity may lead to greater foot traffic in the Miami Design District during traditional business hours.
The takeaway
Developers are betting that the demand for high-end office spaces will persist through the end of the decade despite broader market volatility. Investors and businesses should monitor whether luxury amenities continue to be the primary driver for office space recruitment in urban centers.
Further reading
For more information on the evolving workplace, visit the Remote Work section.
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