Rise Brickell City Centre Photo Tour & Buyer Incentives
When it comes to real estate development, very few developers in the world can match the experience and reputation of Hong-Kong based Swire Properties. They are known for transforming city landscapes and consistently delivering high-quality finishes. In Miami, they are the developers behind the 44-acre site called Brickell Key, which they purchased in the late 1970s and, more recently, the developers behind the $1.05 billion mixed-use development called Brickell City Centre – a complete game-changer for the Brickell neighborhood.
Along with 500,000 square feet of retail space and a luxury hotel, Brickell City Centre includes twin residential towers called Reach and Rise, each with 390 condo residences and rising 43 stories. In an effort to sell out its remaining unsold inventory, Swire introduced earlier this year the following incentives to help entice buyers: a ten percent cash rebate plus two years of free condo fees. For a $1-million condo, for example, the incentives amount to savings of around $115,000 ($100,000 from the ten percent cash rebate plus roughly $15,000 from the free condo fees for two years).
Only five percent (5%) of the total units remain unsold at Reach while Rise has thirty percent (30%) developer inventory. To share with everyone the high-quality finishes one can expect at these two luxury towers, I included below a photo tour of Rise Brickell City Centre. Tomorrow, I will include a photo tour of Reach Brickell City Centre. While Reach and Rise do have a lot of commonalities, there are differences between the two towers. In the weeks ahead, I will also share photo tours of four amazing penthouses (two in Reach and two in Rise). One of the penthouses is a two-story penthouse with an outdoor pool off the living room AND outdoor Jacuzzi off the master bedroom. It’s the only one of its kind in that tower and is absolutely incredible!
As you will see in the photos below, Rise includes lower and upper lobbies; a sprawling pool deck with swimming pool, hot tub, and BBQ area; a full-service spa with hammam, beauty salon, and treatment rooms; a lobby-level cafe; a fitness center; and club room. It also includes (but not photographed) a children’s playroom, an outdoor playground, and a business center.
Trophy Property: Spectacular Rise Four Bedroom Asks $3.1 Million
In a sea of Downtown Miami area condos, it is easy to become jaded. There are so many beautiful options, and it really takes something special for us to pause and say WOW! Then we toured this exquisite corner four bedroom at Brickell City Centre’s Rise Tower.
Unit 3701 is a 3,244 square foot 4 bedroom/3.5 bath flow-through residence with a South/East-facing wraparound terrace AND a sunset terrace. The seller made several upgrades to the layout, which can be found here. They turned the staff quarters into a 400-bottle wine cellar, but left the original plumbing intact in case future owners are not wine connoisseurs. In the master bath, you will find that the dressing room is locked with fingerprint access and a hurricane-proof glass door. All closets are custom-designed Italian cabinets and a movie theater with surround-sound has been added.
La Centrale At Brickell City Centre Set To Open In December
Miami’s first Italian food hall is slated to open in December with over 40,000 square feet of culinary experiences. There will be a series of stops available, each inspired by a different region of Italy.
MERCATO
This is the grab and go section, where you can choose specialty Italian retail items.
STAGIONALE
The second stop is inspired by the Veneto region and offers seasonal fresh produce, risottos and mozzarella.
CHIANTI
Next, you can visit the carne section, a true Italian Macelleria. There you will find the best cuts of meat cooked in a traditional wood-fired grill.
LIGURIIA
This section is a light and airy space that will serve the freshest fish that South Florida and the Mediterranean have to offer.
NAPLES
In the Naples section, you will find a rustic pizza and pasta eatery with authentic Neopolitan pizza cooked in traditional wood-fired ovens found in Naples.
ENOTECA
Lastly is the Enoteca wine cellar. You can sip and savor there amongst friends, or grab a bottle to take home.
Brickell City Centre’s Rise Penthouse Has Sold For $5.75 Million
Even before the offering was able to be made to the public, an undisclosed buyer has snatched up the upper penthouse at Brickell City Centre’s Rise tower. This is an amazing sign, in a time when the news media continually injects fear and dread into our real estate market. Although the number of buyers are undeniably less plentiful, the buyers who are looking into Miami purchases are very serious about getting what they want and after you see the floor plan, it won’t be a surprise that this gem sold before it hit the market.
The duplex penthouse boasts approximately 4,500 square feet of interior space plus roughly 4,500 square feet of outdoor space. There are 4 bedrooms including a junior master suite plus service quarters and a den. There are 3 balconies, two on the first level and one on the second level off of the master suite. Each level has a terrace overlooking Brickell and the Biscayne Bay. On the first floor, the terrace includes a summer kitchen and a private swimming pool. A private jacuzzi overlooking the city is located on the terrace off of the master suite.
This comes on the heels of another recent noteworthy sale, when a South African buyer purchased a waterfront teardown for $10 million. We have learned that the buyer of the Brickell City Centre Penthouse is not a foreign investor, just a very private American with very good taste. The final sale price was $5.75 million.
Allison Ortiz from Fortune International’s in-house sales team was the one to put the deal together. She is someone who has worked with the Miami Condo Investments team for many years, even back when Brickell City Centre was just a spark in Stephen Owens’ eye. We have been fortunate to have her as an asset for our clients at Brickell City Centre, Infinity at Brickell and also Met1 in Downtown. The earlier projects have since sold out fully, but she always goes the extra mile for our buyers and the clients we have worked in those buildings have all been extremely pleased with their purchases. Congratulations to Allison on a job well done and congratulations to the buyer on a beautiful property!
The 8th Street Metromover Station Is Officially Renamed “Brickell City Centre Station”
Photo via Jami Reyes Facebook
The Miami Metromover’s 8th Street Station was formally renamed the “Brickell City Centre Station” this morning in a ribbon cutting celebration with Mayor Gimenez.
During the construction phase of the $1.05 billion mega project, Swire also upgraded the city-owned transit stop and integrated it directly into the third level of the shopping mall, allowing shoppers and residents the ability to come and go from the development without being exposed to the summer showers that Miami is famous for.
For those who are new to the area, the Miami Metromover is a 4.4 mile electrically powered train system that shuttles people around the Greater Downtown area for free. It is automated and air-conditioned, and can drop people in the Brickell Financial District, Miami-Dade College, Bayfront Park, The Frost Museum and PAMM, Omni Mall and now Brickell City Centre.
There are also transfer stations in Downtown and Brickell that allows people to transfer to the Metrorail, accessing the University of Miami, the Jackson Medical Center hospital district, the Miami International Airport and more. “The Mover,” as it is commonly called, is extremely convenient to people in the Downtown area, and even more now that we can access Brickell City Centre directly.
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Brickell City Centre Receives Final Certificate Of Occupancy
Today is May 12, 2017. This is the day that Swire’s Brickell City Centre mega-project, the one that changes the Brickell neighborhood forever, is effectively complete.
The final certificate of occupancy for the whole project was received today. This means that all floors of both office towers, all floors of Reach, Rise, the East Hotel AND the full retail portion are ready to go. Now, before everyone gets all up in arms about the stores in the retail portion not being 100% open yet, be patient. The stores are not able to even begin their build-out until the certificate of occupancy is delivered, but everything is now complete on Swire’s part.
This project has been a tremendous success not just for Swire, but for the Brickell neighborhood and the people behind the 6,000+ jobs that the project created as well. Swire took a 9 acre assemblage of land that was once vacant lots and a tennis center and turned it into a catalyst that not only changed the neighborhood, it changed the market as well.
Brickell City Centre features over 5.4 million square feet overall, with 500,000+ square feet of retail, 130,000 square feet of class A office space, a 5 star hotel and 780 luxury condominium units in two towers. Reach tower opened in April of 2016, and Rise tower in the fall. The condos have been consistently selling at a rate of $650/square foot. There have been 4 resales so far at an average rate of $667/square foot.
One of the things that I find especially endearing from Brickell City Centre is their eagerness to contribute to the community. Not only did they donate $600,000 to the Underline, the 10 mile linear park underneath the MetroRail line, but they are also eager to host events for the area. Each week, there is a Saturday afternoon farmer’s market under the MetroMover line, regular events are held for their retailers and they have also been open & excited to host events for the public to get better acquainted with the new space.
We offer Swire 5.4 million congratulations for 5.4 million square feet of success! Thank you very much for this contribution to our community!
Fun Fact Friday: Every Building Swire Builds Is Blessed By Monks… Twice
We find ourselves praising Swire Properties regularly. They move trees from their development sites to local parks rather than cutting them down, they donate money to The Underline (Miami’s answer to New York’s High Line), they spend $31 million on a climate ribbon that cools their shopping center, protects shoppers from the elements and looks really nice from every angle. Now, we also learn that each and every building that Swire Properties builds is blessed by monks at least twice.
The Hong Kong based developer has a tradition of flying monks to their build site at groundbreaking for a blessing ceremony. The ceremony is repeated once the project is complete. In 2005, Carbonell was even able to be blessed by the Dalai Lama himself! Brickell City Centre was blessed multiple times. First, there was a blessing ceremony at groundbreaking, then the East Hotel was blessed upon completion. Reach and Rise received their own completion ceremonies with the East Hotel receiving an additional blessing at this time. When the mall opened, the entire project was blessed again. Talk about counting our blessings! Here are the other buildings in the area that were built by Swire Properties:
Miami Condo Investments Is Going To The Movies! Cinemex At Brickell City Centre Update
Last month, we received information that the Cinemex movie theater in Brickell City Centre was set to open on February 17. This news was welcomed with much excitement by the people who have been waiting patiently to see a movie in Brickell. The people with Swire were less impressed. It seemed there were some delays behind the scenes that we were unaware of, and the opening day was pushed back to March 17.
As that date draws nearer, the permits still haven’t been closed out and opening day is rescheduled for March 24. This process of final permits always leaves us with very fluid dates. The date that they are closed out depends upon the schedules of the inspectors, contractors, the amount of paperwork on the desk of the inspectors and a host of other moving parts that could create a delay. Even so, we took a peek inside this week and saw that things are indeed very close to completion.
We are just as anxious as everyone else to see the theater open! This is something we have wanted to have in the neighborhood for 10 years now, and at last it is SO CLOSE! We have even signed on to have a 30 second commercial that will air before each movie on each of the 10 screens at the theater, starting on opening night. We are so eager to see the theater open, we can’t wait to show it to you! What do you think?
Inside Rise at Brickell City Centre
Last summer, we were able to take a photo tour through Reach Tower at Brickell City Centre shortly after it opened. Reach is now 95% sold out and its sister tower, Rise at Brickell City Centre has opened as well.
Rise is located at 88 SW 7th Street, above Saks Fifth Avenue. It has 43 floors and 390 total units ranging from 1 bedrooms up to 3 bedrooms, Tower Suites with 4 bedrooms and 3-5 bedroom Penthouses. They are currently 60% sold and move-ins are underway. The prices for each tower start in the mid $600,000’s and go up to $2,750,000 for the 4 bedroom Tower Suite at Rise.
Stay tuned for Friday, when we will tour the available Tower Suites and Penthouses on both projects with details on each.
Here are the photos of our tour of the Rise model apartments. You can find the associated floor plans here. If you are interested in a personal tour, don’t hesitate to reach out. We’re always available to set it up for you.
The street-level lobby:
The 6th Floor Resident’s Lobby:
A full-service Hammam and Salon:
The model units are all on the 31st floor:
Diana and Francisco are making deals while touring. Multitasking like champs!
Surprisingly, the west view apartments also have a water view:
The kitchen is finished with the Latte color palette. Also available, kitchens in Espresso palette.
These are the standard finishes for all master bathrooms:
Master bedroom closets are delivered finished out:
Northeast views from the 31st floor:
Direct east views:
The rooftop of the office towers are finished with grass, making an additional community area:
Reach Tower as seen from Rise:
Our sunset happy hour awaits! Check out that view!
Doing deals while sampling the amazing food at Sugar. I recommend the boneless Korean chicken wings, but everything we sampled was amazing.
