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Construction Tops Out at Domus Brickell Park, Marking a Milestone in West Brickell

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Domus Brickell Park Exterior

Construction has officially topped out at Domus Brickell Park, a 12-story short-term rental-friendly condominium in Miami’s West Brickell district. Developed by North Development, the project has reached this significant milestone in collaboration with Thornton Construction as the general contractor.

Located at 1611 SW 2nd Avenue, Domus Brickell Park is the first Brickell-area project to achieve structural completion in 2025. With the external framework finalized, the development remains on track to obtain a Temporary Certificate of Occupancy (TCO) by the end of 2025, with hotel and residential operations expected to commence in early 2026.

The 171-unit condominium, designed by Zyscovich Architects, boasts a blend of fully furnished residences and penthouses, each offering hotel-style services and cutting-edge amenities. Among the standout features are state-of-the-art air and water filtration systems by CLEAR, ensuring a high standard of living. The property will be managed by North Management, a division of North Development, to uphold brand standards and deliver a seamless hospitality-driven experience.

Interior design by Urban Robot Associates brings a contemporary touch to Domus Brickell Park, with standout features including:

  • Nine- to 14-foot ceilings
  • Private balconies
  • Smart keyless entry systems
  • Italkraft cabinetry and Bosch appliances
  • Premium finishes

With pricing ranging from the $600,000s to $1.2 million, demand remains strong, with more than 60% of the units already sold.

Adding to its vibrant appeal, Domus Brickell Park will showcase a large-scale mural by Miami-born artist Johnny Robles, titled Sparks. This striking artwork will be prominently displayed on the building’s ground-level exterior, enhancing the development’s connection to the local art scene.

Offering hotel-quality amenities at a competitive price point, Domus Brickell Park continues to attract buyers seeking new construction in the Brickell area. With construction advancing ahead of schedule, completion remains on target for early 2026.

Domus Brickell Park Exterior

Introducing Domus FLATS: A New Condo-Hotel Experience in Miami’s Brickell Financial District

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Domus Brickell Park Exterior

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, recently made headlines with its $54.56 million construction loan to the developer of a groundbreaking condominium-hotel project in Miami’s Brickell Financial District. This development, known as Domus Brickell Park, promises to redefine the hospitality landscape in the area.

Domus Brickell Park is not just another real estate project; it’s a vision brought to life by the collaborative efforts of renowned architects Zyscovich Architects and interior designers Urban Robot Associates. The 12-story, 172-unit structure will house the innovative Domus FLATS brand, offering Flexible Apartments for Temporary Stays—a concept tailored to meet the demands of modern living.

The brainchild of North Development—a joint venture between Oak Capital, led by Ricardo Dunin, and Edifica, a prominent developer from Peru—Domus Brickell Park represents a fusion of international expertise and local insight. Its prime location at 1611 Southwest Second Avenue further adds to its allure, nestled within the vibrant heart of Miami’s bustling financial district.

Forman Capital’s involvement in the project marks a significant milestone, representing the first transaction between the sponsors and the lending institution. Partnering with Forman Capital, North Development secured the necessary financial support to realize their vision.

According to Ben Jacobson, Partner at Forman Capital, the collaboration holds promise for a long-term relationship. He expressed excitement about Domus FLATS at Brickell Park, emphasizing Forman Capital’s unique ability to swiftly execute construction financing transactions for such innovative developments.

What sets Domus FLATS apart is its unparalleled flexibility. Units within the development can serve as primary residences or be utilized for short-term rentals, offering buyers the freedom to tailor their investment according to their needs. Additionally, all units come fully furnished, providing a seamless transition for residents and guests alike.

Buyers opting to rent their units can leverage Domus’s comprehensive property management services and reservation system, which offers access to over 85 sales channels. With unit prices ranging from the $500,000s to $1.2 million, Domus FLATS promises luxury living with a touch of versatility.

Ricardo Dunin, Founding Partner of North Development, lauded the seamless collaboration with Forman Capital, citing their unwavering support and dedication throughout the financing process. He sees the successful financing as a testament to the market’s confidence in the Domus Brickell Park project and the Domus FLATS brand.

Scott Mehlman, Chief Investment Officer at Forman Capital, echoed Dunin’s sentiments, emphasizing the significance of the partnership and the potential for growth. He highlighted the transaction’s complexity and international scope, underscoring Forman Capital’s capability to navigate such challenges effectively.

As construction progresses and anticipation builds, Domus FLATS is poised to make its mark on Miami’s hospitality scene. With its blend of innovative design, strategic location, and unmatched flexibility, it stands as a beacon of modern living in the heart of Brickell.

Domus Brickell Park Rooftop Pool
Domus Brickell Park Exterior

Domus Brickell Park in Brickell Set to Break Ground in March 2024

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Domus Brickell Park Exterior

In the heart of Miami’s bustling Brickell Financial District, a new landmark is set to rise, promising to redefine luxury living and hospitality in the area. Domus Brickell Park, a visionary 12-story condominium development by North Development, a strategic joint venture between Ricardo Dunin’s Oak Capital and Edifica, Peru’s foremost developers and builders, is gearing up to break ground next month, marking a significant milestone in Miami’s real estate landscape.

The project, located at 1611 Southwest 2nd Avenue, has already garnered substantial attention, with over 50% of its 171 residential units sold, including the project’s sole commercial space. What sets Domus Brickell Park apart is its innovative concept of Domus FLATS (Flexible Apartments for Temporary Stays), which seamlessly blends the convenience of luxury hotel amenities with the income potential of rental properties, capturing the imagination of the community and investors alike.

Designed by renowned firms Zyscovich Architects and Urban Robot Associates, Domus Brickell Park promises an unparalleled living experience. Each of the 171 fully-furnished studio, one, and two-bedroom units will exude a sense of home, boasting private balconies, keyless entry, premium appliances, and finishes, including in-unit washers and dryers. The building’s amenities are equally impressive, featuring a 4,200-square-foot central space, café, wine bar, gourmet market, lush garden lounge, gym, steam room, rooftop pool deck, cabanas, hot tub, and a bike share program.

Kurt Kehoe, Founding Partner of North Development, expressed his excitement about the project’s success, emphasizing its transformative impact on the market. “We have reimagined the outdated condo-hotel concept through this new and innovative form,” he remarked. “The overwhelming interest underscores the demand for a fresh approach to luxury living and hospitality.”

With delivery slated for the winter of 2025, units at Domus Brickell Park range from $500,000 to $1.2 million, offering sizes from 330 to 947 square feet. The Domus FLATS model prioritizes operating efficiencies to reduce owner costs, boasting high-level hotel management and services, including 24-hour valet, a reservations platform akin to major hotels and airlines, and the Domus App for seamless check-ins and services, supported by a 24/7 concierge.

Juan Carlos Tassara, cofounder of Edifica, emphasized the uniqueness of Domus FLATS, noting its potential to attract both residents and guests, thereby fostering long-term stability for owners. Domus Management, a subsidiary of North Development, is committed to delivering unparalleled service, drawing on decades of industry experience to ensure consistency, efficiency, and professionalism in the short-term rental process.

In a further testament to its progress, the developer recently finalized a water and sewer agreement with Miami-Dade and appointed Thornton Construction Company Inc. as the general contractor, with MTCI Private Provider serving as the permit expediter.

As Domus Brickell Park prepares to break ground, it signals a new era of luxury living and hospitality in Miami’s Brickell Financial District. With its visionary design, innovative concept, and commitment to excellence, it stands poised to redefine the skyline and elevate the standard of living for its residents and guests alike.

Domus Brickell Park Rooftop Pool
Domus Brickell Park Exterior

North Development Launches Condo-Hotel Brand-Domus Brickell Park

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Domus Brickell Park Exterior

North Development is launching a ground-breaking new condo-hotel that is poised to revolutionize the hospitality sector in Miami’s Brickell neighborhood, Domus Brickell Park. Ricardo Dunin, CEO of Oak Capital and Edifica are partnering on this project creating the North Development group.

With 171 fully equipped condo-hotel suites Domus will rise 12 stories tall and will be located in the vibrant Brickell neighborhood at 1611 SW 2nd Avenue. The superbly designed studio, one, and two-bedroom units, with sizes ranging from 330 to 979 square feet and costs ranging from $400,000 to $900,000, were created by Zyscovich Architects with interiors by Urban Robot.

Owners will pay far less in fees without sacrificing the integrity of the high-end hospitality concept by getting rid of the developer’s ownership of the common areas while still providing professional management for the individual units. The project’s prohibition against yearly occupancy for periods longer than six months and one day gives it another competitive edge. Although still enabling out-of-towners to enjoy their units while in Miami, this minimizes the natural friction between long-term residents and the transient rental market.

Before arriving, guests can check in online and get the entry code for their unit on their phone. By giving the building a chance to get acquainted with the visitors beforehand, this not only provides convenience but also boosts building security. Only owners and visitors can enter the units because the access key is needed to utilize the elevator. There will also be a visitor call center open around-the-clock.

The Peacock Room is located in the expansive lobby at the center of the structure. This area offers a full range of food and drink options throughout the day, including a market, fine wine, specialty brewed beer, and gourmet coffee. It has mellow music, high-speed internet, and co-working spaces that will draw both locals and visitors. Domus Brickell Park has a wellness area with modern fitness equipment, a steam room, and other amenities. Also, there is a rooftop pool deck with cabanas, a hot tub, a grilling area, and an entertainment space.

North Development has a long-term interest in utilizing the Domus brand in other areas, and the building is anticipated to open in late 2025.
The sales center is located at 1200 Brickell Avenue, Miami.

If you or someone you know have an interest in purchasing at Domus Brickell Park, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Domus Brickell Park Rooftop Pool