396 Alhambra Lands HBO Latin America as Major Tenant

By Georgiana Mihaila, Associate Editor HBO Latin America Group has signed what is said to be the largest 2011 lease in Coral Gables for 66,000 square feet at 396 Alhambra. Starting with the third quarter of 2012, HBO Latin America will [...]

HBO Latin America Group has signed what is said to be the largest 2011 lease in Coral Gables for 66,000 square feet at 396 Alhambra. Starting with the third quarter of 2012, HBO Latin America will start occupying a quarter of the 273,000-square-foot complex, consisting of three whole floors in the 15-story North Tower and two adjoining floors in the seven-story South Tower.

396 Alhambra, located fewer than three miles away from the Miami International Airport, stands in the heart of Coral Gables’ residential, financial and entertainment district—home to more than 175 multinational Latin American and domestic regional headquarters. The project’s first phase—the renovation and modernization of the seven-story, 87,000-square-foot South Tower—was delivered in August 2011, whereas the North Tower has yet to be completed. The project also includes 30,000 square feet of prime ground-floor retail and restaurant space.

Construction of 396 Alhambra began in early 2009. Renovations to the South Tower include the replacement of the building’s windows with hurricane-resistant impact glass; an overhaul of its plumbing and HVAC systems, elevator cabs and electrical components; and the addition of premium finishes throughout all of the building’s common areas. An existing three-story parking garage was replaced by a new eight-story garage that provides access to both the North and South Towers.

As a result of these upgrades, 396 Alhambra’s South Tower is on track to achieve LEED Silver certification, with the neighboring North Tower pre-certified at the LEED Gold level.

According to the South Florida Business Journal, other tenants of 396 Alhambra include Citibank, the law offices of Richman Greer, global architecture firm RTKL, Spain-based Internet company Terra Networks and integrated marketing company kabookaboo. Danet Linares, David M. Valdez and Andres del Corral of Blanca Commercial Real Estate represented the landlord, while HBO Latin America was represented by Alan R. Kleber and John Marshall of CresaPartners. No financial details of the lease have been released.