Developer Announces Sales for New Brickell Tower – Lofty Brickell
A new residential tower, Lofty Brickell, will be launching sales soon! The tower will rise 34 stories high, overlooking the river, and will feature 320 fully furnished and finished units.
These units will be ‘turnkey’ and are fully licensed for daily, weekly, and monthly short-term rentals. Owners can utilize platforms like AirBnb, VRBO, as well as manage on their own.
The units will feature 800 to 1,200 square-foot floor plans with studio to 2 bedrooms options. Prices will start in the low $500,000 with increases based on floor plans and upgrades.
Developer, Harvey Hernandez recently closed on the lot for $50+ million. Hernandez is responsible for Centro and Brickell House.
With the announcement of this new tower comes some controversy. The current development site holds KLA Schools of Brickell and sources have reported an ‘early eviction’ although their lease expires December 2021.
Building Features
35-story landmark building designed by internationally acclaimed architecture firm, Arquitectonica
Prime Brickell location in steps from Brickell City Center
Short-term rentals permitted as-of-right
Spectacular panoramic Miami River, Brickell and Miami skyline views
2 Story lobby with floor to ceiling windows 24-hour welcome desk with concierge 24-hour valet parking 24-hour secure access Advanced technology smart-building with high-speed fiber-optic wireless internet access through out common areas
Exclusive LOFTY app
Cutting-edge green building technology
6 high-speed passenger elevators with access control
On-site hospitality management Curated River-front restaurant with outdoor dining terrace
Building Amenities
Exotic resort pool with pool-side cabanas
Bar and grill on pool deck 24/7
Co-working lounge Private meeting rooms
Event room with exclusive terrace
Fully-equipped, state-of-the-art fitness center with HD TVs and wireless audio Private Peloton studios Yoga lounge and terrace
LOFTY Rooftop Experience
Residence Features
Urban luxury residences with modern open layouts from 485SF—930SF Studio, one and two bedroom units
All residences are delivered fully finished and furnished specially curated by INC
Panoramic Miami River, and Miami skyline views
Private balconies for every residence
Corner units offer wrap-around balconies
High ceilings ranging from 9’ to 11’
Owner closets in every residence
Floor-to-ceiling sliding glass doors and sound attenuating impact-resistant laminated glass throughout
Advanced technology Smart Building wiring for HD TV,
Multiple telephone /data lines and ultra-high-speed internet access
Individually controlled energy-efficient central air conditioning and heating system
Kitchen
Imported European cabinets with premium hardware and drawer pulls
Top of the line appliance package including stainless steel refrigerator, oven, cook-top,microwave, dishwasher and sink disposal
Elegant imported stone countertops and backsplashes
Contemporary stainless steel under-mounted sink•High-arc gourmet faucet with integral sprayer
Master Bathroom
Imported European cabinets with premium hardware and drawer pulls
Elegant imported stone countertops and backsplashes
The project located in the heart of Brickell will include a private marina on the river with an expansive dock for boating.
Sales for a select few have started with anticipation public sales date soon. Construction completion date is expected in 2024.
Developer Looking to Acquire 80% of Brickell Harbour
In the past couple of years, Brickell Harbour condominium owners have received multiple offer letters to purchase their units. More recently, one of our long-time clients has received a purchase letter for double the value of their unit. This has come at a time where all units seem to be receiving a similar letter with their purchase price unknown but it is evident of the developer wanting to buy out the tower.
The developer of interest is Brickell Bayfront Acquisition Associates, LLC, an affiliate of Fortune International Group. The limited liability company as well as Fortune International Group is located at 1300 Brickell Avenue in Miami. Their portfolio consists of the development, designing, and financing of Miami condominiums. They also offer brokerage services.
According to the letter (below), Brickell Bayfront Acquisition, plan on obtaining at least 80% of the units at Brickell Harbour. The letter also states that the company has spoken to the condominium owners association about purchasing units but it was concluded that it is up to each individual owner to make the decision to sell. Some of the highlights of the purchase agreement include:
The purchase price being offered is a significant premium above the market value of the unit and considers each unit’s particular size, view, floor, line, and improvements;
Cash earnest money is promptly deposited with a third party escrow agent to secure the contract;
There is no finance contingency;
Closing in 90 days after the expiration of the due diligence period;
The owner pays NO brokerage commissions (typically 6%);
The buyer pays off the recent special assessment for structural repairs; and
The ability to continue to occupy the unit for a period of up to 6 months after the date of closing.
Brickell Harbour is an 18-story condo tower located at 200 SE 15th Road in Brickell’s Financial District. The tower was built in 1974 and received major renovations in 2019. Residences comprise of 1 to 3 bedroom floorplans ranging from 602 to 1,641 square feet of living space. Tall ceilings, floor-to-ceiling glass windows, wide balconies, and gorgeous views are just a few of the residential amenities these units have to offer.
It is unclear what Brickell Bayfront Acquisitions plans on doing with the tower once they receive purchase contracts but we will update this article as more information is available.
Renderings Released for Baccarat Residences Miami
Baccarat Residences Miami is the newest pre-construction tower located in Brickell that will soon grace the Miami skyline with its gorgeous glass exterior. The location is ideal placing Baccarat Residences in the heart of downtown at 444 Brickell Avenue.
Rising 75 stories, the collection includes 324 residences that will begin on the 15th level. The top 3 floors will feature 8 penthouses with immaculate ocean and skyline views. In addition, there will also be 28 riverfront flats and duplexes of your choosing.
Units will range from 1,330 square feet to over 7,000 square feet, with each unit featuring integrated purified air and water filters, impact-resistant floor-to-ceiling glass doors, 8-foot deep private terraces, and 10-foot high ceilings. Kitchens will be top-of-the-line with high-end appliances, granite counters, and custom cabinetry.
Interior Designed by Meyer Davis Studio, the building design incorporated a mixture of 18th-century French and 1930s Art Deco. The developer includes the Related Group with the landscape architecture designed by Enzo Enea.
The elevated waterfront amenities deck will include an infinity pool with killer views of Miami and Biscayne Bay. Enjoy fine dining at the 10,000-square-foot restaurant that will be announced once construction continues. Additional amenities include a state-of-the-art fitness center, spa, wine cellar, and tasting room.
Quick Facts:
DEVELOPMENT OVERVIEW
Privileged Brickell waterfront position, where the Miami River meets Biscayne Bay
Dazzling contemporary 75-story glass tower
Collection of 324 tower residences, 8 penthouses, and 28 riverfront flats and duplexes
Panoramic views of Biscayne Bay, the Miami River, and the Miami city lights and skyline from every residence
Artful service and amenities impeccably curated by Baccarat Hotels & Residences and expertly managed by SH Hotels & Resorts
Lushly landscaped waterfront promenade and private marina
Lushly landscaped secluded private entrance leading to the riverfront arrival court and elegant porte-cochere entrance
Exquisitely appointed entrance lobby with grand high ceilings leading directly to three banks of double private elevators to each residence
Permanent installation of curated museum-quality art collection throughout the building’s public spaces
Elevated 12th-level amenities resort deck loaded with a dramatic zero-entry heated saline swimming pool, outdoor spa, pool-side cabanas, summer kitchen area, and beautifully landscaped sun terrace
Glamorously designed Grand Salon, set as the ideal location for both intimate gatherings and grand celebrations
Luxurious Clubroom with bar and billiards, catering kitchen, and multimedia facilities
State-of-the-art fully equipped fitness center curated by Altitude
Fitness with cardio theater, spinning room, yoga and meditation rooms, all overlooking the pool deck resort area
Hammam spa with men’s and women’s steam and sauna facilities, luxurious treatment rooms, and spa shop
Private screening room with cutting-edge audiovisual equipment and theater-style seating
Game room with multimedia facilities and children’s playroom
Business Center with conference facilities and private workspaces
Gourmet market
Wine Cellar and Tasting Room
State-of-the-art Chef’s Kitchen and Private Dining room
Pet-friendly community with Pet Spa, Grooming, and Walk Service
Hair Salon & Barber Station
High-speed internet access in all public areas
Electric vehicle charging stations
Air-conditioned storage rooms
Bicycle storage spaces
BACCARAT GLOBAL MEMBER PRIVILEGES
Baccarat Owners Circle Services including private shopping, discounts on Baccarat crystal, discounted engraving and gilding, and priority status for custom production
Exclusive tour package to Baccarat France, available only to owners of Baccarat Residences
Invitations to Baccarat events worldwide
Preferred service and privileges at Maison’s Baccarat (Paris and Moscow), BBar (Tokyo) and Crystal Rooms worldwide
Hotel privileges in Baccarat Hotels and SH Hotels & Resorts worldwide
This project will break ground in 2022 with a completion date of 2024. If you or someone you know have an interest in purchasing one of the units at Baccarat Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Virtually Tour a 3-Bedroom Condo at Jade at Brickell Bay
If you’re like most, you’re stuck at home waiting for this lockdown to end. But just because you’re home doesn’t mean you can’t use the time to virtually explore property. If you’ve never had the opportunity to tour a three-bedroom condo at Jade at Brickell Bay, here’s your chance. It’s a generously-sized residence with 2,130 interior square feet.
Unit 4305 at Jade at Brickell Bay is a three-bedroom, three-bathroom flow-through residence with east and west exposures. From the living room, kitchen, and master bedroom, enjoy direct, unobstructed views of the Atlantic Ocean and Biscayne Bay from the 43rd floor. The second and third bedrooms are located on the west side of the residence with views of the city. The unit has two spacious balconies (one on either side of the residence) and includes three assigned parking spaces plus one complimentary valet parking space.
Below is a 3D, virtual reality tour of unit 4305 at Jade at Brickell Bay:
With an asking price of $1.75M, unit 4305 is currently the best-priced three-bedroom unit in the building. Earlier this year, units 3307 and 2705 (both three-bedroom residences of the exact same size) sold for $1.785M and $1.69M, respectively.
Below is the floor plan for unit 4305 at Jade at Brickell Bay:
Photo Tour of Ugo Colombo’s 64-story Brickell Flatiron Condo Tower
CMC Group, headed by luxury developer Ugo Colombo, has officially delivered its 64-story Brickell Flatiron condominium tower and, just like that, Miami’s most recent condo cycle has come to a close. The first closing at Brickell Flatiron took place on November 1, 2019, and since then, over 400 deeds have been recorded. According to a December press release, CMC Group paid off its $236 million construction loan for Brickell Flatiron within 30 days of receiving its temporary certificate of occupancy (TCO).
The 736-foot-tall skyscraper (currently Miami’s fourth-tallest building) was designed by internationally-acclaimed, Miami-based architect Luis Revuelta. With its flatiron shape and curved, flowing glass-balconies, Revuelta’s design has added yet another iconic skyscraper to Brickell’s ever-growing skyline. Located at 1000 Brickell Plaza, Brickell Flatiron will add 527 condo residences to Miami’s housing stock once all units have sold and closed.
Last week, I was given a private tour of Brickell Flatiron and can tell you firsthand that Colombo’s long-awaited tower was well worth the wait. The common areas at Brickell Flatiron were designed by Italian design architect Massimo Iosa Ghini with commissioned artwork by legendary artist Julian Schnabel. The 64th-floor amenities at Brickell Flatiron include a rooftop pool deck with pool, hot tub, and cabanas; a 6,300-square-foot state-of-the-art fitness center; and a full-service spa with His and Hers steam room, sauna, and locker facilities. On the 17th and 18th floors, additional amenities can be found, such as a children’s playroom, movie theater, lap pool, event space, cigar room, and billiards & wine room. Brickell Flatiron also offers 24-hour valet parking service; a 24-hour, full-service concierge; and charging stations for electric vehicles.
With Brickell Flatiron, Colombo, who is well-reputed for delivering uncompromised details and finishes, has cemented himself as Miami’s preeminent developer.
Open House – Jade at Brickell Bay 3-Bedroom Condo – February 6, 2020
On Thursday, February 6, 2020, from 12:00 pm to 3:00 pm, come join me and Natalia Betancur as we open to the public and fellow brokers unit 4305 at Jade at Brickell Bay, our exclusively listed three-bedroom condo.
Unit 4305 is an east-to-west, flow-through residence featuring three bedrooms, three bathrooms, 2,130 interior square feet, two expansive and deep balconies, marble flooring throughout, a private elevator, laundry room, stainless steel kitchen appliances, and floor-to-ceiling glass windows offering sweeping views of the Atlantic Ocean and Biscayne Bay from the 43rd floor. Asking $1,750,000, unit 4305 is the best priced three-bedroom residence in the entire building. The most recent three-bedroom unit (located 16 floors lower on the 27th floor), sold last month for $1,690,000.
Yesterday, I shared a photo tour of Rise Brickell City Centre. The photos included shots of its amenities and common areas. Today, I’m sharing a photo tour of Reach Brickell City Centre. As I mentioned yesterday, both towers have a lot of commonalities but there are subtle differences. Because of those differences, there are some people who prefer Reach over Rise while others prefer Rise over Reach.
As with Rise, Reach has a total of 390 condo residences and rises 43 stories. Only five percent of the developer inventory at Reach remains unsold. The developer, Swire Properties, is offering buyers a ten percent cash rebate plus two years of free condo fees when purchasing a developer unit. And for those who are looking for something more turnkey, the developer has a variety of furniture packages from Steven G available for sale.
Included below are photos of the lower and upper lobbies at Reach along with photos of its full-service spa with hammam, beauty salon, and treatment rooms; its lobby-level cafe; pool deck with swimming pool and hot tubs; fitness center; and children’s playroom. Reach also includes (but not photographed) a business center and club room. And perhaps the best thing about living at Reach and Rise is that you’re in the heart of Brickell Miami, surrounded by amazing restaurants, cafes, and entertainment.
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.
A Sneak Peek at Upper Penthouse 06 at Brickell Flatiron with Soaring 22-Foot High Ceilings
When it comes to real estate specs, there’s perhaps nothing more impressive than a residence with double-height ceilings. This August, when Brickell Flatiron is delivered, it will include four upper penthouse residences each with 22-foot high ceilings in the main living areas. Three of those penthouses have already sold, with the largest of them – Upper Penthouse 01 – fetching $13.2M. The last remaining of the bunch – Upper Penthouse 06, a five-bedroom residence with 4,633 interior square feet plus three terraces totaling 811 square feet – is asking $8,050,000.
Located on the northeast corner of the building, Upper Penthouse 06 enjoys sweeping views of Downtown, Brickell, Miami Beach, Fisher Island, the Port of Miami, and Key Biscayne from the 62nd and 63rd floors. Primed for a design-oriented buyer looking to put his or her personal touch to the residence, Upper Penthouse 06 can be delivered completely raw as pictured below.
