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The Related Group announces Pre-construction Sales for 1100 Millecento Residences

March 20, 2012 by Lucas Lechuga

The Related Group has formally announced plans to develop a 42-story tower called 1100 Millecento Residences.  The 382-unit development will be located in Brickell at 1100 South Miami Avenue, just steps from Mary Brickell Village and the upcoming 4 million square foot Brickell Citicentre.  Carlos Ott, an internationally recognized architect who designed Jade Beach and Jade Ocean, will be the architect of 1100 Millecento Residences.  The interiors will be done by Pininfarina, the legendary designers behind the avant-garde designs of Ferrari, Maserati and Rolls-Royce.  Amenities at 1100 Millecento Residences include a 9th floor elevated pool deck with a club room, state-of-the-art fitness center, private theater and 42nd floor rooftop infinity pool with private cabanas.

The building will feature studios, 1 bedrooms, 1 bedroom + den units and 2 bedrooms.  Reservations are now being accepted with the following price ranges in mind:

  • Studios from $226,000-$290,000
  • One Bedrooms from $286,000-$390,000
  • One Bedroom + Den units from $326,000-$440,000
  • Two Bedrooms/1 Bath units from $347,000-$490,000
  • Two Bedrooms/2 Bath units from $397,000-$550,000
  • Two Bedrooms/2 Bath + den units from $415,000-$550,000

The deposit structure for 1100 Millecento Residences is as follows:

  • 10% of purchase price at reservation
  • 10% of purchase price at contract (expected to be in June 2012)
  • 15% of purchase price at groundbreaking (expected to be at the end of 2012)
  • 15% of purchase price at top-off (expected to be at the end of 2013)
  • Balance due at closing (expected to be at the end of 2014)

Contact us if you have any questions about 1100 Millecento Residences or if you would to reserve a unit.

4 thoughts on “The Related Group announces Pre-construction Sales for 1100 Millecento Residences

  1. Gixxer1000

    MyBrickell is now under construction and this is planned to start this year as well. It looks like the boom is back. Here are all the projects that I know off that are planned in just the greater downtown area:

    MyBrickell 192 units
    1100 Millecento 382 units
    23 Biscayne 96 units (almost complete)
    1101 brickell 800 units
    Sky Palace @ Mary Brickell 369 units
    Brickell Citicentre 755 units
    Brickell House 374 units
    Met 3 440 units (rental)
    Former Onyx 2 site 250 units

    Sales of new units is down slightly when compared to 2010 mainly due to the decreased inventory. Leasing activity is up, and with all the amenities coming to downtown it’s only going to become a more desirable place to live. The first phase of Citicentre is supposed to be done by 2015. Brickell has basically exploded and in reality there isn’t much there but a dozen restaurants. Just think what will happen when it gets real retail and entertainment options.

    Reply

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