BH3 Management and Miami Design District Associates are jointly reviving The Ursa, a stalled office tower in Miami's Design District, with plans to break ground in 2027 and deliver a significantly enlarged building by 2029.

What is The Ursa project and who is behind it?

BH3 Management has teamed with Miami Design District Associates to resurrect The Ursa, a long-planned office development in the Design District neighborhood of Miami, combining adjacent parcels to grow the project's footprint by nearly 40 percent. The partnership merges development muscle with deep local real estate knowledge in one of Miami's most design-forward corridors.

  • BH3 Management is co-developing the project alongside Miami Design District Associates.
  • Arquitectonica and Arsham Studio are the two firms jointly responsible for the building's design.
  • Combining neighboring sites made the expanded scope possible.

How big will The Ursa be when it opens?

The Ursa will rise 20 stories and deliver approximately 250,000 square feet of office space, plus 15,000 square feet of ground-floor retail and dining. The expanded footprint puts the project among the more substantial speculative office developments planned for Miami's urban core outside of Brickell and Downtown.

  • 250,000 square feet dedicated to office tenants across 20 floors.
  • 15,000 square feet of street-level retail and restaurant space planned.
  • The nearly 40 percent expansion was made possible by folding adjacent parcels into the site.

When will construction start and finish?

Developers are targeting a 2027 construction start for The Ursa, with a projected completion date of 2029. That two-year construction window is consistent with timelines for comparably scaled mixed-use office towers in South Florida.

What does this project mean for Miami's Design District and Midtown?

The Ursa's revival adds significant Class-A office inventory to the Design District and adjacent Midtown Miami, neighborhoods better known for luxury retail and hospitality than for corporate office space. The ground-floor retail and dining component is designed to activate the streetscape and connect the building to the district's existing pedestrian culture.

  • Midtown Miami and the Design District have seen sustained residential and hospitality investment but limited new office supply.
  • Ground-floor programming with retail and dining could reinforce the area's walkability.
  • Arquitectonica, a Miami-founded firm, brings local design fluency to a neighborhood with high aesthetic standards.

Original reporting on The Ursa's revival and expansion was first published by The Real Deal Miami.