Key Takeaways
- • Apollo Global Management co-founder Josh Harris's private equity firm and Atria Health and Research Institute secured major office leases at Sweetbird North, a trophy mixed-use development in Miami's Design District at 95 Northeast 40th Street.
- • Atria Health and Research Institute, a membership-based medical practice and research company, leased 55,000 square feet across the fourth and fifth floors, with a private ground-floor entrance; the company charges $20,000 to $75,000 annually for membership with one-time initiation fees.
- • Sweetbird North is an eight-story, 120,500-square-foot mixed-use project designed by Oslo and New York-based architecture firm Snøhetta, featuring 92,000 square feet of office space and 22,500 square feet of retail; the $125 million construction loan closed in August 2026.
- • The development is expected to complete in early 2028 and will feature layered facade mesh screens and planted terraces; groundbreaking occurred in September 2026.
- • The project is jointly developed by Craig Robins' Miami Design District Associates and Bippy Siegal's Raycliff Capital, signaling continued institutional capital deployment into Miami's premium commercial real estate market.
Summary
Two prominent institutions secured anchor office leases at Sweetbird North, a trophy mixed-use development launched by Miami Design District Associates and Raycliff Capital in the Design District. Josh Harris's private equity firm, affiliated with his role as co-founder of Apollo Global Management (which manages $840 billion in assets as of 2025), took an undisclosed amount of space. The other major tenant, New York-based Atria Health and Research Institute, committed to 55,000 square feet across the fourth and fifth floors with dedicated ground-floor access for member entry.
Atria Health operates a membership-based concierge medical practice and research institute model, with annual membership fees ranging from $20,000 to $75,000 plus one-time initiation costs. The company's lease of premium space underscores growing demand for high-end integrated healthcare and research facilities among affluent clientele in major metropolitan areas.
Sweetbird North, designed by internationally acclaimed architecture firm Snøhetta (known for projects including Egypt's Bibliotheca Alexandrina, the Norwegian National Opera and Ballet, and the National September 11 Memorial Museum Pavilion), will occupy 120,500 square feet across eight stories. The building allocates 92,000 square feet to office use and 22,500 square feet to retail. The architectural design incorporates a distinctive layered facade of mesh screens and planted terraces. Developers secured a $125 million construction loan from Credit Agricole Corporate and Investment Bank in August 2026, with groundbreaking held in September. Completion is targeted for early 2028.
The leasing activity reflects sustained institutional appetite for premium Miami commercial real estate, particularly in high-design trophy properties that combine office, retail, and amenity components. Harris's deployment of Apollo-affiliated capital and Atria's commitment of substantial square footage signal confidence in Miami's positioning as an alternative wealth and specialized services hub.
Atria Health operates a membership-based concierge medical practice and research institute model, with annual membership fees ranging from $20,000 to $75,000 plus one-time initiation costs. The company's lease of premium space underscores growing demand for high-end integrated healthcare and research facilities among affluent clientele in major metropolitan areas.
Sweetbird North, designed by internationally acclaimed architecture firm Snøhetta (known for projects including Egypt's Bibliotheca Alexandrina, the Norwegian National Opera and Ballet, and the National September 11 Memorial Museum Pavilion), will occupy 120,500 square feet across eight stories. The building allocates 92,000 square feet to office use and 22,500 square feet to retail. The architectural design incorporates a distinctive layered facade of mesh screens and planted terraces. Developers secured a $125 million construction loan from Credit Agricole Corporate and Investment Bank in August 2026, with groundbreaking held in September. Completion is targeted for early 2028.
The leasing activity reflects sustained institutional appetite for premium Miami commercial real estate, particularly in high-design trophy properties that combine office, retail, and amenity components. Harris's deployment of Apollo-affiliated capital and Atria's commitment of substantial square footage signal confidence in Miami's positioning as an alternative wealth and specialized services hub.
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