Brickell Avenue's newest luxury high-rise from Property Markets Group and JDS Development Group has been completed and closings are now underway. The first unit to close was unit 1006, a 2 bedroom unit with 1,1110 SF of interior space and a 465 SF balcony, which closed for $560,900, roughly $510 SF.
Read MoreFlorida East Coast Realty Asks Courts to Overturn Approval of Aimco's Yacht Club Brickell
While some of the world's finest condos are going up all over Miami, each raising the bar over the previous tower, some of Miami's biggest rental developers are beginning to become at odds with each other in Brickell. Florida East Coast Realty has filed a court action to reverse the approval of the NYSE-listed Aimco's approved 61-story Yacht Club at Brickell.
Read MoreHabitat Development Releases New Renderings of Smart Brickell Condo-Hotel
Habitat Development's planned condo-hotel Smart Brickell, designed by Hernando Carrilo, has released new renderings as the project gears up to break ground. Smart Brickell is located in West Brickell and is expected to break ground in the spring of 2018. The project will feature 3 towers with 170 condo residences and 150 hotel rooms.
Read MoreCitizenM Hotels Continues Splash in Miami, Buys Perricone's Marketplace Site in Brickell
Last week we reported that Crescent Heights is aiming to bring a CitizenM Hotel to 1212 Lincoln Road on Miami Beach. CitizenM continues to make a splash in Miami as they have purchased the Perricone's site via the entity CitizenM Miami Brickell Properties at 15 SE 10th St next to Allen Morris Park for $16.18 million.
Read MoreConstruction Update: Habitat Development's Smart Brickell to Break Ground in April 2018
Smart Brickell will break ground in April 2018 after pre-sales in the first tower reached over 35%. Smart Brickell is being developed by Habitat Development and is designed by Hernando Carrillo. The total project will feature 3 residential towers that will feature 170 condos and 150 hotel rooms with over 30,000 SF of retail in the base.
Read MoreBrickell 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).
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.
