Landau Secures $74M to Build Luxe Boutique Office Near Bal Harbour Shops in Florida

Jonathan Landau, known for his condo developments, is now venturing into the office space sector in Bay Harbor Islands, a prestigious South Florida community just west of Bal Harbour. In partnership with Taubco, Landau Properties has secured a $74 million construction loan from 3650 Capital (formerly 3650 REIT) to develop a 126,000-square-foot Class A office building at 9551 East Bay Harbor Drive.

The waterfront project, named One Kane Concourse, will feature a marina, two levels of underground parking, approximately 75,000 square feet of office space, and 17,000 square feet of retail space. The retail space has already been leased to a high-end Japanese brand with a nationwide presence, though Landau has not disclosed the tenant’s identity.

Office leasing efforts are underway, led by Cushman & Wakefield’s Brian Gale, Andrew Trench, Ryan Holtzman, and Edward Quinon. The nine-story building, designed by renowned Miami architect Luis Revuelta, aims to attract boutique financial firms like hedge funds and affluent individuals from the surrounding area.

Landau sees the project’s location as a prime opportunity: “You’ve got Indian Creek, Surfside, and Sunny Isles – it’s centrally located,” he said. “And there has been a huge amount of migration to the islands.”

Despite nationwide challenges in the office market, with many businesses adopting remote work policies, Miami’s real estate market has shown resilience. Notable office leases have been secured by high-end boutique developments like One Kane Concourse, including a recent 10,500-square-foot lease by Ares Management at Eighteen Sunset in Miami Beach.

Bay Harbor Islands is also seeing growth, with Terra’s mixed-use development, The Well, attracting tenants like Tom Brady’s family office, which leased 8,415 square feet of space.

One Kane Concourse is a collaboration between Landau Properties and Taubco, led by Irwin and Laura Tauber, who owns the development site. Construction is slated for completion in 2026.

This office project marks Landau’s second development in Bay Harbor Islands. Last year, his firm secured a $29 million construction loan for a boutique condo project that is already over 50% pre-sold and has generated over $45 million in sales to date.