Two New Brickell Condo Developments to Launch Preconstruction Sales By Year’s
Miami continues to buck the trend. While other U.S. cities are dealing with a depressed real estate market, Miami has growing concerns over a lack of inventory. Two new Brickell condo developments hope to help alleviate those concerns, however, with the launch of preconstruction sales by year’s end. MyBrickell, to be located at 30 SE 6 St, will add 192 condo units while BrickellHouse, to be located at 1300 Brickell Bay Dr, will add an additional 374 condo units.
MyBrickell will be developed by The Related Group which has vast experience developing condominiums, especially in South Florida. Their portfolio of past developments include Icon Brickell, The Plaza on Brickell, 500 Brickell and 50 Biscayne. Arquitectonica, an internationally acclaimed architectural firm, has been selected to design MyBrickell with Karim Rashid to design the interiors. Studios will start from $164,900, 1 bedroom + den units from $219,900, 2 bedroom units from $249,900 and 2 bedroom + den units from $299,900.
BrickellHouse is to be developed by Newgard Development Group, a relatively new name in development. The Sieger Suarez team will be the architects behind BrickellHouse and Yabu Pushelberg has been selected to design the interiors. Pricing information for condos has not yet been released but I was told that the average price per square foot will approximate $375.
Reservations are now being accepted for condos at MyBrickell with an initial reservation deposit. The reservation, however, will not entitle you to a specific unit. The developer will offer a unit to the prospective buyer given their price range and unit preferences. The prospective purchaser will then have 24 hours to accept the unit offered and the balance of a 10% deposit will be due upon acceptance. Those who reject the offering or do not respond within the 24-hour time period will have their initial reservation deposit returned to them. BrickellHouse plans to accept reservations early next week and will actually allow you to choose a specific unit with a 10% initial deposit. Another 10% will then be due upon execution of the contract, 10% at groundbreaking, 20% when construction reaches your floor and a final 20% when construction is topped off – for a total of 70% due prior to closing.
Contact us at 305-428-3860 or firstname.lastname@example.org if you have an interest in reserving a unit at MyBrickell and/or BrickellHouse, Miami’s two newest preconstruction condo developments.