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Office Repositioning / ANALYSIS

Miami’s Former Wells Fargo Center Relaunches as The Metropolitan Miami

The Metropolitan Miami’s renovation puts a large block of existing office space into sharper competition for tenants.

Nina BrooksLeasing & OperationsNovember 4, 2026 · 2 min read
The office tower then known as Wells Fargo Center, photographed June 23, 2017. Archival exterior; it does not depict the newly completed improvements.
The office tower then known as Wells Fargo Center, photographed June 23, 2017. Archival exterior; it does not depict the newly completed improvements. Photo: Jedi94 at English Wikipedia / Wikimedia Commons · CC BY-SA 4.0. Resized, converted to WebP and cropped to fit. Adapted photo remains under CC BY-SA 4.0.

MetLife Investment Management and Cushman & Wakefield are reintroducing the former Wells Fargo Center as The Metropolitan Miami following a multimillion-dollar improvement program, giving an established downtown office tower a refreshed pitch to prospective tenants.

The property at 333 Southeast Second Avenue contains 780,000 square feet across 47 stories. An affiliate of MetLife owns the building, which was approximately 75% leased at the time of the announcement. The available inventory includes multiple full-floor opportunities. CRE-sources, October 29

Improvements include lobby finishes, lighting, common areas and landscaping. The building also connects directly to the JW Marriott Marquis Miami and Hotel Beaux Arts, providing proximity to lodging, meeting facilities and dining. These are tangible features of the offering, separate from the broader promotional claims accompanying the relaunch. CRE-sources

The approximate leasing figure implies roughly 195,000 square feet was not leased, based on the reported building size. That is an illustrative calculation rather than a current availability schedule: the precise amount and configuration must be confirmed with the leasing team.

For tenants, the significance is choice. Large contiguous spaces can support a headquarters requirement or consolidation that scattered small suites cannot accommodate. Existing buildings can also offer a different delivery timetable from ground-up projects, although the condition and fit-out needs of a particular suite determine when a tenant can occupy it.

For the owner, the renovation is an investment in competing for those requirements. A refreshed lobby and hospitality connections may help win tours, but leasing performance will ultimately depend on economics as well as presentation. Asking rents, concessions, tenant-improvement allowances and lease duration are necessary to judge that trade-off.

The announcement does not disclose the renovation budget, a new major tenant or a completed leasing surge. It should therefore be read as a repositioning and leasing story, not proof that the office tower has already achieved its next occupancy target.

That makes subsequent signed leases the key measure to watch. The relaunch has defined the product and its competitive features; transaction evidence will show whether prospective tenants value them enough to commit.

Office leasingRenovations

Published by The Basis. Research dates, source references and illustrative assumptions are retained from the original article.

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