The new space will accommodate 45 lawyers and business professionals specializing in corporate law, taxation, wealth management, investigations, litigation, arbitration, international trade, and global migration.
Varonis has leased 17,900 square feet at 801 Brickell, which will serve as its new headquarters.
The firm has placed the 2.8-acre dev site on the market.
The new High Impact Film Fund program includes annual incentives of up to $10 million.
The prime location offers the potential for constructing a supertall building.
As borrowing becomes more affordable, construction costs stabilize, and market liquidity improves, many investors, currently sitting on significant dry powder, are eager to re-enter the market.
Seven supertall towers are currently planned across Miami.
The Madrid-based bank will begin demolition of its Brickell office building in the next few weeks to make way for the new tower.
According to the utilities agreement, the new tower will include 750,901 square feet of office and 6,553 square feet of retail.
Miami City Commissioner Manolo Reyes, chairman of the Miami DDA, said the slow progress of the Flagler Street project has harmed downtown area businesses.