New Development Opportunity in Brickell: Habitat Group Affiliate Acquires Prime Site for $7.5M

A new real estate venture is in motion in Brickell, where an affiliate of Habitat Group has acquired a high-profile property from a Swire Properties affiliate for $7.5 million. The buyer, Abitaro Living LLC, is led by Santiago Vanegas and is exploring innovative development strategies aligned with the company’s shared property ownership model, Abitaro.

The acquisition marks a significant step forward for Habitat Group, known for its focus on urban infill development. The site’s flexible zoning potential opens the door to two distinct development scenarios, both offering a mix of residential and hospitality offerings.

Under Miami-Dade County’s Rapid Transit Zoning regulations, the property could be transformed into a 40-story high-rise featuring:

• 54 residential condominiums

• 64 condo-hotel units

Alternatively, should the project move forward under the City of Miami’s zoning code, the plan would shift to:

• 30 residential condominiums

• 78 condo-hotel units

Both scenarios align with Brickell’s continued growth as a vibrant, mixed-use district attracting residents and visitors alike. With Abitaro’s focus on flexible ownership models and Habitat Group’s development expertise, the project is poised to contribute to the evolving fabric of Miami’s urban core.

Further details, including timelines and architectural plans, are expected to be announced as the project advances through the planning phase.