WeWork has announced that they will lease 65,000 SF of office space in Brickell City Centre. The lease could account to close to half of Swire Properties' 132,280 SF of the space at Two Brickell City Centre going to the highly-valued and controversial Coworking/ Shared Work Space pioneer, according to The Real Deal. Asking rents were around $53 SF. In 2015 WeWork opened an original Miami location on Lincoln Road then opened a second space with 850 desks on Lenox Ave. in Miami Beach. WeWork is currently valued around $16 billion and was founded in 2010 by Adam Neumann and Miguel McKelvey. Sources via TheRealDeal.
Closings begin at Bond at Brickell
Closings have begun in Bond at Brickell, the most recent building to receive its TCO and begin Closings. Developed by the Rilea Group, Bond is a luxury residential tower in #Brickell with 328 units raging from 1-3 bedrooms. Units feature floor-to-ceiling glass with layouts fitted with custom kitchens and interior design by Loguer. The concept was designed by Nichols Brosch Wurst Wolfe & Associate to offer British elegance and modern amenities. The full-service building includes a pool area with lush landscaping and a waterfall and multiple pools, outdoor lounge and fire-pit, Parlaiment Lounge, business center and health club. The location provides easy access to Mary Brickell Village and the new Brickell City Centre.
Trey Songz Purchases Unit in Brickell Heights
The Related Group announced by Instagram that singer Trey Songz had purchased a unit in their almost completed Brickell Heights building in Brickell. The 2 tower, 690-unit, mixed use project is slated for complete in early 2017. It will feature an Equinox Gym, SoulCycle and Peet's Coffee. The announcement featured Fortune International Realty's Adriana Brito, and the firm handled sales and marketing for the building.
SLS Lux Hotel & Residences
Yet another development is cruising through construction and reaching for the skies in Brickell. SLS LUX Hotel & Residences is just steps away from the exciting new Brickell City Centre and Mary Brickell Village Shopping Center. SLS LUX will be a five-star experience with world-class amenities and personalized VIP service. The project is being developed in collaboration by SBE and The Related Group along with the Allen Morris Company.
SLS LUX will be a 58-story tower designed by Arquitectonica with a unique LED façade by lighting artist Ana Isabel Martinez. It will feature 450 residences and 85 luxury suites designed by Yabu Pushelberg complete with world-class art. At the top will sit 14 penthouse units with panoramic views of Biscayne Bay. SLS LUX has private residential elevators, tennis courts, gym, wine cellar, cigar room and a sky lounge rooftop pool. The lobby will feature museum-quality contemporary art by artists Fernando Botero, Matias Duville and Fabian Burgos. will also house a Brickell Katsuya and SBar. SLS LUX will also come with "On Demand" private limousine service to a private beach club. SLS LUX is scheduled to open in 2017. Check out our Instagram for an exclusive video from the top!
Brickell City Centre Update: Almost All Units Closed at Reach
Brickell City Centre continues to move closer to final completion. After receiving its TCO in April, Reach, the first residential tower delivered by Brickell City Centre, has now closed on 311 of 390 total units. Of thes, 89 are back on the MLS available for rent and 30 are listed for sale. Investors had planned to rent 2 bedroom units for $4,500 and 1 bedroom units for $3,500, but 15 actual signed and leased units are closer to the $2,700 range for 1 bedrooms and $3,500 for 2 bedrooms. While there is still to be a flood of units to hit the market as SLS Brickell, SLS Lux, Brickell City Centre Rise, etc. hit the market, pricing and demand is still factoring in the construction and fact that Brickell City Centre's retail and entertainment portion of the development will not be open until at least November. East, one of the hotel towers of Brickell City Centre, opened earlier this Summer and closings should start soon at Rise.
Tenant Update: Brickell City Centre
The 500,000 square-foot shopping center, anchored by Saks Fifth Avenue and Cinemax, is set to open in November. Co-developers Whitman Family Development and Simon Property Group recently announced new additions to its diverse roster: Armani Collezioni, Intermix, Audemars Piguet, Diptyque, Pandora, Stuart Weitzman, Italia Independent, and the largest Apple store in Florida. The mall will bring a mix of luxury and accessible brands to an under-served market, while creating hundreds of local jobs.
City Center will appeal to foodies as well: an Italian food hall the likes of which has yet to open in Florida - until now - will be debuted, along with a variety of familiar and new eateries like Dr. Smood, Luke’s Lobster, Haagen Dazs, Pasion del Cielo, and Pubbelly Sushi.
The mall will be conveniently accessible by a Metromover stop and will have an underground garage to accommodate the influx of traffic.
Echo Brickell
Brickell Ave. has a new luxury high-rise. From Property Markets Group and JDS Development Group comes Echo Brickell, a 180 unit boutique luxury residential tower. The 60 floor tower's innovative architecture is by Carlos Ott with Cohen, Freedman, Encinosa as well as is a limited edition design collaboration between Carlos Ott with interiors by the yoo Studio to create Carlos Ott + yoo.
Echo Brickell features 1, 2, 3 and 4 bedroom layouts designed by Carloss Ott and Yoo Studio. Units range from 760 SF (1 bedroom) to over 4,300 SF (penthouse). Residence's include smart home technology, summer kitchen, 8 ft terrace, marble floors and Italian cabinetry. The residences are matched with high-end amenities including an infinity edge pool with bay views & poolside service, hot tubs, fitness center, valet and 24 hour concierge and security. Echo Brickell is in prime walking distance to Mary Brickell Village as well as the new Brickell City Centre. Completion is expected by the end of 2016 on this skyline chancing development.
