Atlantis on Brickell

May 13, 2008 by Lucas Lechuga

Atlantis on Brickell

People from all over the world, even those who may have never visited Miami, may recognize the building pictured above. It caught the eyes of many in the opening credits of a wildly popular 1980s TV show called “Miami Vice”.

It amazes me by how many times nonlocal clients say something like, “Hey, there’s the building with the square cut into it” or “There’s that building with the palm tree, hot tub and spiral staircase in the middle,” as we drive down Brickell Avenue.

Atlantis on Brickell

Atlantis on Brickell, was built in 1982 and still resonates in the minds of many. This Arquitectonica classic has stood the test of time and helped define the Miami skyline. Over 25 years later, and people still remember this iconic Miami condo building.

The question for my readers is, which condo development, built within the past two years, will be most associated with Miami two decades from now? Cast your vote on the poll found along the right-hand side of this blog or share your thoughts and comments below.

View current condos for sale at Atlantis on Brickell
View current condos for rent at Atlantis on Brickell

Leave a Reply

94 Comments on "Atlantis on Brickell"


Sort by:   newest | oldest | most voted
Anonymous
JL
8 years 4 months ago

It’s interesting that Money Mag gives a reasonable middle of the road estimate of a -10% plop for the nation but shows no love to Miami and Lauderdale.

BTW, the National Association of Realtors needs to get out of the housing prediction game.

Anonymous
Candela
8 years 4 months ago

They all look the same to me.

Take a small lot, hire Kobi Karp to ‘design’ a building identical to the one he did down the street, add greenish glass, steel, and cheap building materials as filler, and voila, you’ve got a Miami condo building for the new millenium.

Anonymous
JGM
8 years 4 months ago

Lucas, have you seen unit 804 in the Jade, currently listed in the MLS for 289,900; must be a short sale; seems extremely low for 895 sq ft….

Anonymous
la la
8 years 4 months ago

Oh I thought it was Kobi krap…my mistake.

Anonymous
Mo
8 years 4 months ago

For all the RE BULLS: CHEW ON THIS

http://efinancedirectory.com/articles/Home_Price_Forecasts_What_Your_Home_Will_Be_Worth_Next_Year.html

MIAMI= -25% BY MAY 2009 (#1 IN THE NATION FOR EQUITY LOSS)

Anonymous
moretroops
8 years 4 months ago

Different buildings for different reasons.

The “View” as a symbol of the overheated and unsustainable flipper market.

Met as a an example of modern mixed use/urban renewal.

Wind by NEO as an example of “ghetto luxury” (a/k/a why did they build that one?) condos.

Anonymous
Ed
8 years 4 months ago

500 Brickell….the Halo is too cool

Anonymous
gables
8 years 4 months ago
Lucas, Glad you finally highlighted this building. Atlantis has me intrigued, perhaps you could give some more details about the building and HOA. There are a few nice, large units at a good $/sf in the building, but how good are the deals in reality? HOA dues high? Large number of assessments coming due? Certainly interested in the building if it would provide good value over the next 5 years-mostly to live in not investment. Is this building a money pit? Any info would be great since it would probably be applicable to a number of other older buildings on… Read more »
Anonymous
Ed
8 years 4 months ago

heard about a year ago that each unit in Atlantis was assessed 30K…

Anonymous
Dave
8 years 4 months ago

500 Brickell, Asia, and maybe 10 Museum Park are the only ones that are unique enough to stand out. And maybe Capital in the unlikely event it ever gets out of the ground

Anonymous
movin' metro
8 years 4 months ago

I think Jade best represents Miami.

Glitzy on the outside. Empty, over-levered, and utterly unsustainable on the inside.

Anonymous
JR56
8 years 4 months ago

500 brickell i would have to say or maybe axis, are the only two that stand out, they look like nothing else. marina blue is nice as well. but if the premier towers were still around they would have to take the cake.

Anonymous
8 years 4 months ago

JGM

last one bedroom at the Jade sold last week for $250,000 and it had white marble floors and it was on the 18th floor so @289,000 is not ridiculously low

Anonymous
BFG
8 years 4 months ago

That building does have a kind of cheesy/cool ’80’s uniqueness to it. As if Tony Montana from Scarface had it commissioned.

However, I think it would suck not having a balcony.

As for the newer buildings – I agree with some of the previous posters: they all look pretty much the same. Nothing really stands out to me. Lots of nice buildings, but nothing “iconic”.

Anonymous
MarkyNZ
8 years 4 months ago
I like the Atlantis…however I have seen inside the building and feel that the renovation they did was done fairly cheaply. However, there looks to be some great deals there….the price per square foot is definitely very cheap…location is alot better re. water views and on brickell ave (more residential than commercial)….and benefits of buying in an older building is that generally you pay less property taxes compared with a newer building (taxable value is normally well below the market value)….they usually have more elevators per units and more parking spots per unit compared to newer buildings. The Palace and… Read more »
Anonymous
AJ
8 years 4 months ago
Nothing much to crow about these buildings. Infact if you see some of the surreal buildings that came up in Bombay, you will wonder “if they can do it there, why cant we do it here?” May be Asia and TMP are architectural stand outs. Not Impressed by Halos or holes in the buildings. Been there and done that all over the world. Loft 2 with a train running through it is cool. Also if the 100 story Empire World Tower comes up, it should be a commanding structure too. And also the Chrysler building imitator (Capital?) when it is… Read more »
Anonymous
8 years 4 months ago

When I wrote this post I was thinking Capital at Brickell as well (if it ever gets built).

Anonymous
JGM
8 years 4 months ago

Alejandro, do you know what was the unit number of the one bedroom that recently sold for $250k…

Anonymous
Mike K
8 years 4 months ago

THE JADE!! Best example of Miami Real Estate. No other building is rife with such fraud, scams, and scandal.

Miamian’s flocked to the JADE as a symbol of success. Investors over-leveraged themselves just to be part of the “in-crowd.” But when the party ended, the posers were exposed! They couldn’t pay their mortgage with their credit cards like they do with 3k dollar bottles of Jonny Blue in the clubs…

Anonymous
JR56
8 years 4 months ago

$250k for jade one bedroom? wow that is nice looking, how many sq ft would that have been?

Anonymous
JGM
8 years 4 months ago

JR56, probably a unit facing west, 895 AC Sq Ft

Anonymous
8 years 4 months ago

I’d say 10 Museum Park and if that other Chad Oppenheim building – Cor – had been built.

Anonymous
Un-Related
8 years 4 months ago

Portofino Tower is class.

“Beach House”, the “scrapped”, all glass, Richard Meier building.

Anonymous
JGM
8 years 4 months ago

Although more than two years old…

Espiritu Santo on Brickell Avenue is second to none……

Anonymous
8 years 4 months ago

You are totally right about Atlantis. It is a building that stuck in my head as a kid. I even remember once having a dream about being in the center section of it although I’m never actually been there.

I think 50 Biscayne will be one of those memorable towers due to its location and unique crown that lights up at night.

http://www.miamiurbanlife.com/group/50biscayne

Anonymous
urbanite
8 years 4 months ago

Lucas’ favorite…Opera Tower! :)

Anonymous
Raffi
8 years 4 months ago

I voted 50 Biscayne. Great location, pretty cool colors (for the most part). also if anyone ever shoots anything downtown that building will always been shown (theres nothing blocking it to the east). Iconic I dunno, but it will definetly stick out.

Anonymous
JGM
8 years 4 months ago

50 Biscayne ???

Pretty basic architecture there….

Anonymous
Un-Related
8 years 4 months ago
JR56 said: “500 brickell i would have to say or maybe axis, are the only two that stand out, they look like nothing else.” Thank God for small favors. Neither of these two projects look a bit like the pretty picture books their printer had prepared. The AXIS was marketed as a “prism”. I didn’t know a “prism” could look like concrete with blue windows and deck glass. The 500 Brickell looks “useless” Those two 42 floors of concrete with a window here and there, between the towers, looks like perfect architecture for a jail. Don’t bash me; I bought… Read more »
Anonymous
8 years 4 months ago

JGM,

50 Biscayne is somewhat of a simplistic design, but the colors on the columns and crown are definitely “memorable” (even if some dislike it).

Also, at night (driving East or West) it’s the tower that stands out the most due to its wavy crown that lights up with red neon and bright lighting.

Atlantis was not the most beautiful condo in Brickell, but it was definitely “memorable”.

Anonymous
JR56
8 years 4 months ago

ha.. yeah it can resemble a jail.

un-related: have you receieved your date and time of closing for 500? i know they began yesterday closing on the east tower of 500 brickell. isn’t it your long awaited dream coming true un-related, soon you too will enjoy life in the condo kings latest triumph, 500 brickell… live , work and play

lol i almost started to laugh as i was typing that… (in case no one understands, that was my attempt at sarcasim)

Anonymous
Mo
8 years 4 months ago

-25% by May of next year! What a deal! I save 3 years of my Arby’s income by renting for 12 months! WOOO HOOO!

Anonymous
JL
8 years 4 months ago

Is Related going forward on Oasis on the Bay? Just when I think I knew all of their projects, another one crawls out of a crack.

Anonymous
JR56
8 years 4 months ago

JL: according to their site, it is U/C so it will more then likely be completed…

http://www.relatedgroup.com/our-properties/Oasis-On-The-Bay.aspx

Anonymous
RG
8 years 4 months ago

I don’t understand what Related is doing, they are the major reason for this over supply. You would think they would start canceling projects. I also hear loft 3 is still going forward, can anyone confirm? I thought for sure they that would get canned seeing they were having trouble getting people to close on loft 2.

Anonymous
lara
8 years 4 months ago

Not just loft 3. They started pre selling Loft 4

Any opinions about loft 4?

Anonymous
RG
8 years 4 months ago

No loft 4 was canceled long ago. I figured the cancelation for loft 3 would follow but from the looks of things it seems they will actually build it. It was a good price point but when you can buy into upper scale condos with better locations for the same price who in their right mind would close on loft 3.

Anonymous
8 years 4 months ago

Yep, Loft 4 was canceled a while ago. Any of you Realtors going to the 500 Brickell broker preview this Thursday?

Anonymous
Un-Related
8 years 4 months ago
JL asked: “Is Related going forward on Oasis on the Bay? Just when I think I knew all of their projects, another one crawls out of a crack.” I am quite sure it got scrapped. They had ole house hack (Ottley) out there trying to peddle it in a fancy temporary building. Late last year I drove by there…..the building was gone, the weeds were a couple feet high, and chain link fence surrounded the area. Reminiscent of a 1960’s “swamp sale”. Having seen the tales of the “bums” around 900 Biscayne etc., who in their right mind ever would… Read more »
Anonymous
Cyrus
8 years 4 months ago
ahhhh THE ATLANTIS: i will always remember this story: in the late 80’s i went and saw a 3 bedroom unit in the atlantis that was bayview. it was awesome! you opened the door and saw a panoramic (floor to ceiling glass, semi circle view) of the bay. when we went to see it, we were the 2nd people who had come to see it in 11 months. they were asking $189k. i always wished we had bought it at that time. not for an investment (i was in college then…didn’t care) but it was such a fantastic unit, especially… Read more »
Anonymous
Generalmagic
8 years 4 months ago

Lucas,

What time is that preview for 500 Brickell?

Anonymous
8 years 4 months ago

Jade kicks ass, love those bullet holes at the entrance near valet parking area. Tony Montana says, “Say Hello To My Little Friend!”

Anonymous
8 years 4 months ago

6pm-8pm Jorge is gonna be there.

Anonymous
Candela
8 years 4 months ago

A lot of talk about Capital in this thread but no one mentioned that the head of the company died from a heart attack a few months ago and the lenders are circling like buzzards.

That and Everglades on the Bay (same developer) may someday be developed and completed, but I doubt it happens this go-around.

Anonymous
perez
8 years 4 months ago

It is being reported that condo sales are improving.

http://www.floridarealtors.org/NewsAndEvents/n1-051308.cfm

Anonymous
Mo
8 years 4 months ago

Wow, perez! Ford Mo Co just released a report about how driving a Ford can get me hot chicks and make my penis longer! I think it sounds very believable!

Anonymous
Visionary
8 years 4 months ago

Mo,

Why can’t you shut up for a while !
Your comments only illustrate your mental state.

Anonymous
JR56
8 years 4 months ago

thats because MO is an idiot with too much time on his hands, he tends to believe that we are laughing with him and not at him… its not his fault, spare him

Anonymous
BFG
8 years 4 months ago
I’m as bearish as anyone on the Miami condo market, but even I’ve been predicting an increase in the number of condo sales this year. Not that anyone should be impressed – it simply couldn’t get much worse. It had to improve at some point. As prices come down, sales volume will increase. However, prices can not reach bottom until the market supply reaches a normal level. If sales volume increases, and number of units on the market also increases, the market is no better off. Prices will continue to decline until the supply is back to normal. That will… Read more »
Anonymous
8 years 4 months ago

So, it’s tomorrow (Thurs) 6-8 at 500 Brickell?
BTW, anybody know if they intend to honor the 5% default provision in the contract or will it have to be litigated?

wpDiscuz

For Real Estate
Related Needs And Inquiries

please complete the form below

  • This field is for validation purposes and should be left unchanged.