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Photo Tour of Axis – Brickell Condo

July 16, 2008 by Lucas Lechuga
I had the opportunity to tour Axis last Tuesday morning with a client.  I brought my digital camera with me and had the chance to snap off a bunch of pictures of the common areas at Axis as well as a few model units. Axis has a large amenity level which includes a resort-style pool, separate lap pool, hot tub, audio/video room, steam room, barbecue grill, bar lounge area, billiards tables, various seating areas with flat-screen TVs and a fitness center. I tried to shoot most of the amenities at Axis but wasn't able to get quite everything.

The following is a shot of the seating area in the lobby of the South Tower at Axis.

Axis lobby

Here you'll find the resort-style pool at Axis.

Axis swimming pool

Here's an aerial shot of the resort-style pool at Axis from one of the balconies.  I wasn't able to get a shot of the lap pool.

Axis swimming pool

Here's the hot tub at Axis.

Axis hot tub

The two billiards tables at Axis.

Axis billiards tables

The bar lounge at Axis located off the pool deck.

Axis bar lounge

A seating area with a flat-screen TV at Axis.

Axis seating area

Another seating area with a flat-screen TV.

Axis seating area

Yet another seating area but without a flat-screen TV.

Axis seating area

Steam room at Axis.

Axis steam room

A shot of the fitness center at Axis.

Axis fitness center

Another shot of the fitness center at Axis.

Axis fitness center

As I mentioned, I was able to also tour a few of the model condo units at Axis.  I was told that all of the kitchen appliances and cabinetry are standard except the Penthouse condos.  The Penthouse condos come with upgraded Viking appliances.

Axis kitchen

Here's one of the fully decorated model units that I saw at Axis.

Axis condos

Here's a corner 2 bedroom condo at Axis which faces northwest.  If you are interested in a north facing unit then you'll likely want to clear the Camden Brickell development directly across the street.  I believe Camden Brickell has about 16 floors.

Axis condos

The bathrooms were pretty nice.  This is a shot of the master bath in a 2 bedroom unit.  The 1 bedroom units have only one sink in the bathroom though.

Axis condos

The master bedroom was quite spacious in this 2 bedroom condo at Axis.

Axis condos

The closet in the master bedroom was also quite spacious.

Axis condos

The stackable washer/dryer at Axis.

Axis washer/dryer

That concludes my photo tour of Axis.  Overall, I was pleased with the building and units given the price range for condos at Axis.  I definitely wouldn't categorize it as a high-quality building but one shouldn't expect that given the price point.  Axis is a great option for a young professional working in the Financial District who wants to be in a brand new building but wants to be towards the lower end of the spectrum on price.  I think the quality of the building and units is most comparable to Plaza on Brickell, although I do prefer Plaza on Brickell minus the parking woes there.  Compare the pricing of both condo developments by checking the available listings of both below.

 

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Once Again

great recap on Axis. Looks ok for what it is. Still think it does need to drop in price though ans since the closing rates don’t look good we’ll prob see them prices dropping.

Also how does this bldg compare to Wind and Ivy. Seems Wind is like a young proffesional starter building as well.

i think the price point for all 3 of these bldgs for a 2/2 will prob be in the 200’s shortly. Thoughts?

AJ

Something strange is happening. I saw all the rentals on these new Buildings including Axis, Plaza, Q, 18, M Blue etc. There is no sub $2000 2 BR unit to be had anywhere. In fact a little while back, 18 had a couple of sub 2K apts advertised but now the rents seem to have gone with a vengeance. I have a few thoughts on why this is happening. I wonder what others may be thinking. 1. I am self employed. I may be one of the last lucky ones to be approved for a no doc, stated income loan… Read more »

Once Again, I think it’s a bit too early to judge Axis based on the latest closing rate update. Lots of contract holders ask for extensions just to ask for them because they don’t want to be the first to close. I think next month’s update will give us a bit more insight. I think young professionals are more prone to buy or rent at Axis or Plaza on Brickell than Wind or Ivy just because the former two are likely walking distance to their office. I don’t foresee many people who will live at Wind or Ivy walking to… Read more »

AJ, I agree with your assessment. The rental market is hot right now. Prices have come down and there are more renters than we’ve seen in quite some time. As long as a unit is priced right, it should go under contract within the first 2 weeks. There are some rental listings that have been sitting on the market for a few months but they are or, up until recently, were clearly overpriced. Every once in a while I will encounter a unit owner who feels that his unit has the best view and finishes in the entire building and… Read more »

Once Again

I agree Lucas the lobby at Wind is preety cool for the hipster. I like it personally. Unfortunatley, the units left a whole lot to be desired since they were so small . the 2/2 were more like a 1+ den.

I’m curious to see how the ivy came out.

I’m very upset by a news article that I just read. A few of you have recently left comments regarding Mr. Norman Braman of Braman Motors. Your thoughts were that he was trying to impede progress for the city of Miami in regards to transportation because of his own interests to keep urban dwellers in their vehicles. A few of you mentioned, and the below article states, Mr. Braman has been against the funding of the propositioned port tunnel, plans for the newly revamped Bicentennial Park, a new Downtown Miami streetcar, the Performing Arts District debt and the new Florida… Read more »

The Ace

It’s still much cheaper to rent than to own the same thing. In places where yearly rents are less than 3% of purchase price and mortgage rates are 6.5%, it costs more than twice as much to borrow money to buy a house than it does to rent the same kind of house. Worse, total owner costs including taxes, maintenance, and insurance and HOA are about 12%, which is three times the cost of renting. Buying a house is a very bad deal for the buyer.

The Smart Money

Wild Bill

Shea Stadium, the Orange Bowl and the old Heat arena are some examples of stadiums that have had very little economic gains for their neighborhoods.
They are trying to push these projects before Wall Street rates Miami’s bonds as junk.
Actually, I have no clue how they are going to pay for this stuff. Can somebody remind me?

Darryl

Braman is an ego maniac bent on killing whatever chance Miami has of making a serious step up in class…My best guess is he wants to stop the stadium so the Marlins leave and then he can bring in a new team/stadium under his ownership………he should realize that he is quite likely to be no longer of this earth before that could actually happen and it is never attractive when an old man just wants to hear his own voice or be in the news to try and stay relevant…………count me in on any meetings/efforts to move the city forward.… Read more »

Un-Related

Darryl said: “Perhaps folks will not want to purchase or even service their cars at Braman Motors if he is hell bent on hurting our town?” Although I support the “megaplan”, it appears I am in a growing minority. Braman seems to have caught the crest of a wave created by the declining economy…. We shall see how gutless these puppet commissioners or Braman trial judge turn out to be. Unfortunately, if they elect to bail, they have the current numbers to hide behind: “Miami-Dade voters strongly oppose spending tax dollars on a baseball stadium and other projects in a… Read more »

la la

When I lived in Chicago I did a lot of pro-bono work for SOAR- STREETERVILLE’S ORGANIZATION OF ACTIVE RESIDENTS.

http://www.soarchicago.org/

Perhaps our newly blooming City of Miami needs an organization like this to oversee and control how Miami, as a young city, continues to evolve.

It sounds like we have a natural leader in Lucas considering the “Call to Arms” he just gave US! Sign me up!

jcrimes

you guys all think that braman has an ulterior motive. maybe he does. whatever it may be, it’s simply irrelevant. what is relevant is the issue of whether we should entrust the execution of a multi billion dollar project to our local politicians. lucas, you say that braman is impeding progress. you consider these projects to be progress? really? my take is every aspect of this megaplan horrible. an underground tunnel. sounds real sexy. problem is, the truckers don’t want the tunnel, and more importantly, many of them won’t be able to use it (if you’re hauling anything hazardous, you… Read more »

Darryl

Un-Related, You are correct the polls show that the citizens do not support the megaplan, but it is very easy to get folks to say no in the current political landscape & the city didn’t bother to promote or market these projects as they did not feel they would need to. The voters have voted for structural change like a strong mayor and obviously certain decisions are to be made by our local governors and not public vote. Here is the reality: Will you have lower taxes without the stadium, park & tunnel? Probably not, you just won’t have a… Read more »

alec

gotta say that axis has a lot of similar build out to ‘one broadway’….

Un-Related

Darryl,

First, I stated I was in favor of the Miami megaplan.

Second, being from L.A., I can tell you the closest tunnels are the ones the illegal alien and drug cartel purveyors dig under the US border with Mexico!

jcrimes

darryl
you’re right, we do delegate decisions to our local elected bums. however, some decisions cannot be delegated, and the megaplan is one of those decisions. trusting these dopes with the financial future of this city is beyond reckless. let’s not forget that miami almost filed for bankrupty in the not to distant past.

btw, you’re gonna move to a stronger city because of baseball?

Wild Bill

The county needs to spend a billion dollars treating our raw sewage before it gets pumped three miles out to sea.
If the Port of Miami need the tunnel to stay competitive they should build that. They have railroad tracks going there why don’t they use those again? The museum and ball park are financial losers. They should still have an obligation to clean up the park without a museum.

Darryl

Appreciate all the different views on the future of our city…..we wouldn’t leave because of baseball or the lack thereof, but if it appears that Miami cannot get anything done in terms of improving downtown and the surrounding areas then the future just won’t work here. How are people supposed to live at Marina Blue, 10 Museum, 900, Marquis, etc with desolate surroundings and a stalled plan for improvement? One can say who cares? You can live South of Fifth or Pace Park or Bay Harbour or Pinecrest, but the downtown core in my opinion is make or break….If we… Read more »

haldon

thanks for the axis pictures and updates Lucas…i’m going to be renting a unit from my cousin and he gave me a ridiculously amazing price for a 2/2 that he’s holding on to until the market turns around. It was hundreds of dollars below anything on the market for rentals, so I figured that it was worth the deal and that I had to take it. Just so that you know, I am a young professional, and I’ll be working in the Jackson Memorial area, and the metrorail being so close, was a draw; so your analysis of who the… Read more »

pete

There are a lot of great looking condos downtown and elsewhere but you would have to either have money to burn or insane to buy them now. If you move into one of these near empty buildings you have no idea of what that will mean to your monthly main. costs in the years to come and to think that someone will come in and manage these buildings to the standards they were built and sold as is a roll of the dice. It is not unconceivable that some of the middle of the road buildings could really go down… Read more »

AJ

Ace, Once again, which orifice did you pull out this fiction from “total owner costs including taxes, maintenance, and insurance and HOA are about 12%, which is three times the cost of renting”? I have explained before, many owners in the Q and 18 are clearing anywhere between 70-85% of carrying costs by the way of rents. Some fools who paid ridiculous amounts for a resale flat in ’05 and ’06 are struggling. But we are not talking about those fools. Those who paid $300-$400/sf for the new condos at pre con prices in ’03 and ’04 and secured a… Read more »

jcrimes

AJ
so under your logic, people should be happy operating at a loss with absolutely no appreciation in the next three/four years, and thereafter, hope for what? that appreciation slightly exceeds inflation. yeah, great investment.

AJ

Lucas, Thanks! Being a multiple unit owner and a landlord, your confirming the hot rental market is a cause of great cheer and joy for me. Pete, I am a recent buyer and No, I do not have money to burn nor am I insane (at least the people who know me don’t think so). I am very happy with my recent purchase and I am doing very well with it, thank you. You have some very serious and good deals out there. Before the interest rates spike to double digits, do yourself a favor and buy a condo or… Read more »

AJ

jcrimes, No, my imploring the people to buy in Miami is not for investment. I would be doing a disservice to people if I did that. I am only imploring these classes of people to buy right now 1. Local Miami residents who are renting. There is no better time to buy a condo than now. Maybe they might go down another 10% or so (who knows? or maybe not) but the interest rates are already 7% and are heading higher. Any drop in prices will be negated by the higher interest rates. 2. Those out of towners who always… Read more »

Wild Bill

Don’t the lenders consider condos with more than 30% of units rented an investment building. Aren’t almost all new building downtown rental/investment buildings by the banks own criteria. Seems to me these buildings should be rental buildings not condominiums as the demand is not there.
What’s the percentage of renters in Quantum, 1800, Axis?

Un-Related

AJ said: “You have some very serious and good deals out there. Before the interest rates spike to double digits, do yourself a favor and buy a condo or remain a bitter renter for the rest of your life trying to justify what you believe. You made a mistake of not buying in the pre boom era. You got a second chance now. Use it or you may have to keep finding more excuses as to “why a condo or an area is bad and how glad you are that you did not buy” to pacify yourself in the future… Read more »

jcrimes

AJ what you’re referring to is non-qunatifiable, non economic reasons for making a purchase, i.e., i bought it because it makes me feel all warm and fuzzy inside (sorry for sounding crass). i’m talking cold hard rational economics. using your out of towners as an example, if i think that maybe one day i might want to settle down in a condo at 1800 with a choice water view, then why not take the money i would use today to buy it, and put it to work for me? i can cover the future purchase price (if i end up… Read more »

AJ

Un related, It is not a condescending talk. It is tough love. All my life I harassed my friends to buy instead of rent. Same goes here. I consider many in this blog a quasi friend and so I bug them to buy. jcrimes, so many parameters and so many variables. No one can lay claim to know what will happen if interest rates spike or foreclosures level off or supply declines or so on. That is why I am not a policy maker and only a blogger. 6 months hence, we will know who in this blog got it… Read more »

Ha, parking woes at Plaza? That will be nothing compared to the parking woes set to take place in Axis: 1 space per unit, unless your in the PH–you get 2!

And, with really no option to buy or rent additional spaces, but if so, I was told they’d run around $500/month.

Top that off with the fact they WILL charge your guests for parking, due to the proximity of Mary Brickell Village.

Here’s a great blog post about the megaplan funding.

Wild Bill

Mayor Carlos Alvarez’s administration says the county will need to generate $9.4 billion more over the next 30 years to support Miami-Dade Transit.

Once again

Hey Aj…the issue you forgot to mention is that your semi ok now cause your HOA fees @ 1800 are 400- 600 now. What are you gonna do when it gets up to 800 to 1000 liek the rest of the other buildings. To think 1800 club is immune and will maintain that low rate and others have a much higher HOA fee is ridicooulous. Either that or lose some of the servies. Hey just think State Farm wants a 70% increase in insuranse..how crazy is that. not to mention god forbid a hurricane hits us. Then watch insuranse premiums… Read more »

movin' metro

the parking woes at Plaza are real. it is an insanely poorly designed entrance. a very tight turn from too small of a road, nearly always have to lean out your car door to connect the fob, amde much worse if any other cars are also trying to get in or out. then once inside, very tight, narrow turns. and always some jackass with their headlights off coming around too fast. it will be a nightmare if that building ever fills up. could you imagine having an assigned space on the ninth floor of the garage?? designed by an artist… Read more »

Ad

I’ve been reading this blog for several months now and I have to say that it’s the best source of information on the Miami condo market that I have come across (and I’ve looked everywhere!!) So, thanks Lucas for providing this site. I’m a young professional that recently moved back to Miami. My wife and I are looking to buy our first home. We lived in Boston for 3 years and we loved the city lifestyle there. So much so, that we are exclusively looking at condos in the Brickell area. Clearly, downtown and Brickell don’t hold a candle to… Read more »

JR56

thats unfortunate about the parking at plaza… im sure that other newer buildings are having the same problems..

about axis: i think the final product looks very modern and too cold. this design will get old in about 3 yrs then the building will need to redo the interiors again. it needs more artwork and greenery

aj,

i agree with your comments. i see your points

Back in May 2007, I wrote about a 1 bedroom short-sale at Brickell on the River. The unit just came back on the market as a foreclosure. At the time, the unit was listed for $280,000. I submitted an offer for a client of mine for $240,000. The bank refused his offer and instead insisted that they wanted $300,000 for it. It just came back on the market with a list price of $229,000. There’s another 1 bedroom in the building two floors higher that was recently reduced to $215,910. Prices in that building have taken a big hit.

Once again

In my opinion Brickell on the River is nor all that. Sub par and way overcrowded for that plot of land considering now that the other loft tower shares the common areas…which by the way the other tower is horendous atleast the units so damm small u cant even fit a plasma tv flush on a wall in the living rooms. I think the Brickel on the River project will just go more downhill from here. The gym area is not but not when you share it with 1000 people. Pool area is lame. Wind is nice the finshes and… Read more »

Once Again, I too was surprised to learn that the amenities at Brickell on the River are now shared between the two towers. The gym is nice but definitely not spacious enough for residents of two towers to share. I toured the loft units about a month ago and you’re right about not being able to fit a plasma on a wall. The living room and kitchen were very crammed. Horrible layout. The floor plans in the first tower aren’t bad though. I think units there will always sell at a premium to the units in the second tower.

It looks like the stock market is going to get hit hard tomorrow. Merrill Lynch posted a huge loss. They lost $4.9B, or $4.95 per share, within the past quarter. Analysts were expecting them to lose just over $1.8B, or $1.91 per share. That’s a huge difference. $4.8B of Merrill’s loss was due to its mortgage-related portfolios. They’ve lost $19.2B within the past 12 months! That’s unbelievable!!! Citigroup is also scheduled to release their earnings in the morning. If they announce horrible earnings then I think you’ll see all of the gains from the past two days erased.

Once again

Stock market..don’t even talk to me I’ve gotten killed recently. Holding on. Agree with the Brickel on the Rver lofts I mean it flat out sux to put it bluntly. I went through all the layouts and even saw the furnished ones and nothing tickled me other than to say who the fu*k would buy this sh*t! The only cool thing was the lobby waterfall and the Martini Room. The rest a disaster. They would have to sell in the 150K below range for the 2/2’s to even consider looking at this. You’d have to buy 2 units together and… Read more »

Once again

Lucas what do you think the price will settle p/sq ft @ Axis?

I mean there’s hundreds of listings and very little movment. Is $250k and below for a 2/2 a fair assesment?

Once Again, It really depends on the view. I think we might see some 2/2 units at Axis go for $250K down the road but they’ll have horrible views. I think prices will bottom around $270K for a 2/2 with a decent view. It really depends on the percentage of closings that they can achieve within the next 6 months though. If they’re successful then the bottom might be at $300K for a 2/2 with a decent view. It’s too early to say though. There are definitely a lot of units listed on the market right now but you have… Read more »

Once again

Interesting so if they have had their listing on the mls for some time and it hasnt sold then why bother closing. What makes them think if they do close they would be able to sell it after the fact. By then they would have incurred closing costs and prob developer fees. So makes no sense if they couldnt sell it cheaper or break even that they’ll have to spend more to close and now have the burden of carrying costs. Makes no sense.

I agree we prob wil see that $250k range soon.

la la

When considering the proposed stadium from a dollar and cents point of view, we can argue ad nauseum about whether it makes sense or not, at then end of the day, maybe it doesn’t. As a native Chicagoan, no matter how far away I move, I always cherish the memories I have of all the camaraderie, team spirit and pride Chicago’s sports teams elicit from their fans. It cracks me up! A baseball stadium in a central locaton like downtown would improve the QUALITY OF LIFE for residents of Miami and its outlying areas. Being able to walk to a… Read more »

jcrimes

la la i’d love to have a baseball stadium in downtown (biggest mistake ever made before the boom was that no one had the foresight to try and get the stadium in the design/art district – perhaps the land wasn’t available), but frankly, if you built it, people still wouldn’t come. and i’m totally opposed to giving any tax dollars to build it. why should my money be used because the team can’t afford to go at it alone, but on the flipside, sign some bum pitcher with a 5.40 ERA to a $100M+ contract? where’s the logic in that?… Read more »

Storm

I am starting to come around to BRAMAN’s point of view. After listening to NPR and reading some articles online. I think this plan should be voted on. Only then will we get all the details to the public. Most Miami residents are fair weather fans not matter what the team is and if the Marlin’s are not winning then no one will go to the game. I just learned the Marlins is # 30 out of 30 baseball teams in attendance. It won’t improve much by putting it downtown. I think we would be better off building a MLS… Read more »

Bender

It’s not the rain delays that are the problem with the Marlins – it’s the constant threat of rain delays. While it’s doesn’t always rain there, there’s always the potential; and people don’t want to schlep all the way to Dolphin Stadium (it may be equidistant to Miami and Ft. Lauderdale, but that means it’s also not close to anyone) to get rained on. Plus, I hate going to Marlins games after it has already rained during the day. I don’t want to pay $30 to sit in a wet seat. And this is coming to you from a Marlins… Read more »

Wild Bill

I bet if you check public records the city hasn’t spent a dime on Bicentennial Park in 15 years. Classic example of government failure. Then they hold the park hostage with a all or nothing $208 million plan to build a museum. They do the same thing in Miami Beach. No maintenance until the a capital improvement project begins. Residents get no improvements in areas for 10 to 20 years because of this policy. The city can balance the yearly budget because they don’t have to include these maintenance items in the budget. Take a look at some of the… Read more »

jcrimes

although the planned museums look cool, in reality, i just don’t see it having mass appeal the way they do in cities up north. it’s not that people here aren’t cultured (although some would suggest that is the case). rather, when you have good weather year round, chances are you’re looking to be outside boating, at the beach/pool or dining out. rather than shoot the moon with two museums, i think the better idea is to increase the tree coverage in the parks dramatically. i took my first real stroll through bayfront in a long time and i’m amazed how… Read more »

joe

Guys most people here have no clue what they are talking. Some buildings in Brickell will do just fine just like some hybrid cars in the USA with high mpg. Some models like SUBURBAN SUV will not do well but on other side some small cars with high mpg will do just fine. Some buildings will do bad due to a bad location and pricing. Plaza on Brickell will do the best in the Brickell area due to a right pricing and location. Other buildings in Brickell have not such good location or the price is similar like in the… Read more »

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