The 40 story building was topped out in early 2009 but construction was suspended or greatly slowed, as the building was still not completed over two years later as of March, 2011. The building lost an anchor tenant, a law firm that had a $58 million, 10.5-year lease for 15 percent of the building (115,000 sq ft), in early 2009. With the new name of Brickell World Plaza, the building has a scheduled opening date of August 2011. The building developers, the Foram Group, have claimed that this slowed construction was strategic for the purpose of detail and that after completion they will move their corporate offices into the building. However, the near halt in construction and the loss of a major tenant suggests that the delay was not strategic, but due to the 2008 economic crisis and the falling demand for office space due to the excessive construction in Miami at that time.