Brickell City Centre Finally Reveals Their Long-Awaited Penthouse Collection at Rise & Reach

Swire Properties Inc. has unveiled the penthouse collection at their Rise and Reach residential condo towers at Brickell City Centre. The collection features 7 penthouse units which start at $3.95 million and floor-plans range from 3 to 5 bedroom layouts. Units feature 10' to 12' ceilings, marble floors, custom furnishings and interior design by Richardson Sadeki, rooftop terraces complete with outdoor kitchens, hot tubs and pools. The $1.05 billion development was designed by Arquitectonica and amenities include private direct access to Brickell City Centre, outdoor fitness areas, state-of-the-art gym, spa, library, lap pool, residential pool and tropical gardens. 

“The penthouse collection is the quintessential example of how Swire Properties’ vision for the Brickell community has always brought new concepts, innovation with a fresh twist and lifestyle to urban development. There is nothing like this on the market where you’re right in the middle of the action and can have it all right at your fingertips; incredible floor plans, ultimate privacy, elite services, sweeping views of the city skyline and just steps away from top dining and entertainment,” explains Maile Aguila, Senior Vice President of Residential Sales at BCC's Rise and Reach.

Nusr-et, The Infamous Turkish Steakhouse by Salt Bae Nusret Gökçe, is Finally Coming to Miami

Nusr-et, the infamous Turkish steakhouse by the instagram famous Salt Bae Nusret Gökçe, is finally coming to Miami. The restaurant will take the space that was previously occupied by Coya Miami at 999 Brickell Avenue, which recently closed. Nusr-et is currently building out the restaurant which is expected to open in October. Nusr-et is part of the same restaurant group as Zuma and Coya. Coya, which opened in March 2015, had previously leased 8,000 SF at 999 Brickell Avenue. The restaurant space also includes a bar, outdoor terrace and private club area with an additional private terrace. The Miami location will be the 11th Nusr-et location, and they plan to open a New York City location later this year (2017).

The previous build out of Coya @ 999 Brickell Ave.

Construction Update: Brickell Keeps Rolling as Key International & 13th Floor Investments' 1010 Brickell Receives TCO

1010 Brickell, which was developed by Key International and 13th Floor Investments with Moss & Associates is the contractor of record, has received their TCO. The project was designed by Sieger Suarez and rises 50 stories and is 99% sold of its 352 condo units which range in size from 850 SF - 1,922 SF. Units feature 9' high ceilings, 11' deep balconies. Amenities include "The Club at 1010" a 2-story amenity space which features a heated pool, retractable glass walls, game room with bowling, ping pong and air-hockey; a fitness center with half-court basketball, mini-tennis, soccer, volleyball, a spa and spa with a hammam Turkish bath and steam rooms with hot and cold plunge pools and treatment areas. There is also a rooftop deck that features a lap current pool, treetop restaurant/ lounge and an outdoor movie theater. 1010 Brickell is located at 10th Street and SE 1st Ave. Closings are expected to begin in September (2017). 

Featured Listing: Bay and Ocean View Condo Unit at Jade Residences at Brickell Bay Hits the Market for $1.75 Million

Unit #2501 at Jade Residences at Brickell Bay has hit the market for $1.75 million featuring bay and ocean views. The unit is spread over 1,878 SF and an additional 360 SF of outdoor terrace space featuring 2 bedrooms and 2.5 bathrooms.. The turnkey unit was fully renovated designed by Sharron Lewis Designs and the residence features over $350,000 in custom made furnishings. The 01 line is the most desired layout in the building, showcasing floor to ceiling glass windows on the north east corner with unobstructed bay and ocean views overlooking Miami Beach to Key Biscayne. 1331 Brickell Drive Unit #2501 is listed with Devin Kay of Douglas Elliman. 

“The Jade is one of the best kept secrets in Brickell. It is quite possibly the best managed and maintained building in town, offering residents unmatched amenities and services with irreplaceable views that you can’t replicate with any of the new construction buildings. One of the other great benefits of the location is because you’re on Brickell Bay Drive, you avoid all of the Brickell Avenue congestion and can enter and exit through the south by Key Biscayne, avoiding Downtown Miami and the Brickell Bridge. I’ve sold several units in the Jade and in terms of design, this is one of the nicest I’ve seen in the building.” – Devin Kay, Senior Director of Luxury Sales/ The Carroll Group at Douglas Elliman.

New Arquitectonica Designed Hotel Coming to Brickell's El Eden Motel Site

More change is expected in Brickell as the owners of the lot currently occupied by the aging El Eden Motel, located at 115 Southwest Eighth Street, 726 Southwest First Court and 110 Southwest Seventh Street; are working on approvals for a new project. Tony Cho of Metro 1 Development and Robert Finvarb of Robert Finvarb Companies purchased the property last year (2016) for $18.4 million and aim to develop a mixed-use millenial-driven hotel with a retail component via a joint venture partnership. The proposed design will be designed by Arquitectonica, will rise 24-stories, cover 250,000 SF, cost about $90 million, and feature 263 keys. The project is currently in the approval process. 

Related Companies Pays $12.2 Million for Equinox & Soul Cycle at Related Group's Brickell Heights

The Related Companies has paid $12.2 million for the commercial space leased to Equinox Club and SoulCycle Studio at Brickell Heights. The Equinox Club is three-stories and 30,000 SF while the SoulCycle studio spans about 6,000 SF. The Equinox Club features its own private pool and tanning area on the Brickell Heights amenity deck accessible only to members. 
 
“The closing of Equinox and SoulCycle units Brickell Heights is another step forward in our efforts to transform South Miami Ave. into a vibrant, pedestrian friendly corridor in the same vein as Lincoln Road. Brickell is thriving, and these closings show a long-term commitment to further establish the area as a bustling neighborhood to live, work and play. Our buyers at both Brickell Heights and SLS LUX are excited about these changes and can’t wait to start living the lifestyle,” said Carlos Rosso, President of the Related Group’s condo division.  

The combo fitness clubs are located in Related Group's Brickell Heights, which is a two-tower, 690-unit luxury condominium development that opened earlier this Brickell’s South Miami Avenue. Brickell Heights is located next to Mary Brickell Village, Swire's Brickell City Centre, which opened in late 2016, and SLS LUX Hotel and Residences, a joint-venture between The Related Group, The Allen Morris Company and will be operated by SBE. Brickell Heights includes a three-story, 30,000 SF Equinox Club, as well as a 6,000 SF SoulCycle studio, the first in Brickell. Brickell Heights was designed by Arquitectonica. 

Mast Capital + Angelo, Gordon & Co. Purchase Conrad Miami for $72 Million

Mast Capital, a Miami-based investment and development firm, and Angelo, Gordon & Co. have purchased the Conrad Miami from Holborn LC for $72 million. They will operate the hotel as a joint venture and have agreed with HEI Hotels & Resorts to enter the first Conrad Hotels & Resorts franchise agreement within the United States. The flagship Conrad Miami is located with the iconic Brickell Arch Tower. The interest purchased includes 203 hotel keys, a rooftop amenity deck, and a condo-hotel rental program, which currently has 41 out of 116 residential units participating. The Brickell Arch Tower contains 267,000 SF of rentable Class A office, 203 hotel keys, and 116 luxury residential units.

“This property was extremely compelling because of its prominent location on Brickell Avenue and world class architectural design,” said Camilo Miguel Jr., CEO of Mast Capital. “It is exciting to have the opportunity to fully realize the potential of the property. We are confident that the Conrad brand’s concept of smart luxury will be favored by guests and residents for years to come.”
 
The transaction was facilitated by Christian Charre, Paul Weimer and Natalie Castillo of CBRE Hotels. Mast Capital was represented by Kimberly LeCompte (acquisition), Joel Maser (corporate), Iris Escarra (zoning), Nancy Lash (loan), Nelson Migdal (hospitality) Andrew Sharpe (acquisition) and Brian Dombrowski (zoning) from Greenberg Traurig’s Miami, Washington D.C. and Fort Lauderdale offices.  Lauren Giovannone and Michael Bradford from Paul Hastings’ Los Angeles office acted as co-counsel with Greenberg Traurig. The seller was represented by Suzanne Amaducci-Adams and Alexander Roitman (disposition) from Bilzin Sumberg Baena Price & Axelrod LLP’s Miami office.