Plans to build a 372 units rental complex in Brickell

 Developer pays $20M for Brickell apartment site

An affiliate of Alliance Residential purchased a 1.9-acre site in Miami's Brickell area to build an apartment complex.

Miami Sunrise Properties, managed by Elena Arechaga, received $20.23 million for the property from Broadstone at Brickell, an affiliate of Phoenix-based apartment builder Alliance Residential. It plans a 372-unit rental complex there.

The property runs along Southwest Third Avenue from Southwest 11th Street to Southwest 10th Street. It currently has small multi-family buildings.

It' is two blocks west of the Brickell Metro Mover Station.

Read in the South Florida Business Journal, Nov 7, 2014.

For more information, or to make a reservation

Call Henry B. Nathan – (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

mentioning BRICKELL PRE-CONSTRUCTION CONDOS

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THE BOND - Preconstruction in Miami

THE BOND at Brickell

 

The Bond at Brickell will be the first new condominium to be developed on Brickell Avenue since Miami’s last real estate cycle.

Since the first days after the sales opening, I observed an affluence of prospective buyers as notable as I hadn’t seen it since the best days of the previous real estate “boom”. The Brickell sector of Miami traditionally attracts foreign buyers for different reasons, but it is now leading the recovery in a great way, quite unexpected from the dark days of 2008 to 2010.  The value is there, it seems that everybody has understood.

And Brickell is becoming a quite lively place to live, with a distinctive face, atmosphere and public.

 Here is what the developers have to say:

The 44-story luxury tower will be home to 323 residences that will attract residents from throughout the Americas and around the world. Inspired by the best of classic British elegance and appointed with modern day amenities, The Bond introduces a new standard of luxury living to the Brickell Financial District.

Located at 1080 Brickell Avenue, in the heart of one of Miami’s most pedestrian-friendly neighborhoods, The Bond is in the heart of downtown Miami’s Brickell Financial District. Residents and visitors will access

The Bond via entrances on Brickell Avenue and South Miami Avenue.

Public transportation is just steps away and world-class shopping, dining, entertainment and cultural destinations such as the Shops at Mary Brickell Village, American Airlines Area and the Adrienne Arsht Center for the Performing Arts are within reach.

 

RESIDENCES:

 

The Bond will have 44 floors and 323 luxury residences ranging from studios, 1, 2, and 3-bedroom units, to exclusive lofts and penthouses.

PARKING:

 

595 parking spaces

RETAIL:

Approximately 5,000 square feet of retail space on the 2nd 

floor. 

TIMETABLE:

Construction will get underway in Summer 2013 with completion slated for summer 2015.

PRICE RANGE:

Pre-construction prices start in the $200’s to over $1 million.

DEPOSIT STRUCTURE:

10% at Reservation.

10% at Contract Signature.

20% at Ground Breaking.

10% at Top-Off.

50% at Closing.

 

Call me at: (954) 296-6741

(800) 416-2747

Email: hbnathan@gmail.com

Henry B. Nathan is a Realtor at United Realty Group Inc.

 

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Brickell area condos moving fast now.

ST Residential sells 100 condos at downtown Miami’s Mint

A $160-a-square-foot price cut was the trigger behind the sale of 100 units at the Mint at Riverfront condominium, according to data from Bal Harbour-based Condo Vultures. The pricing was a 33 percent discount from the Miami project’s original marketing.

Buyers, many of them original pre-construction contract holders, paid an average of $326 a square foot, or a total of $327.6 million, for 100 units from October through December, data showed.

Eleven units were sold at an average of $325 a square foot during the prior quarter.

The discount comes as ST Residential, which bought Mint’s debt as part of the portfolio of the failed Corus Bank, works with developer Key International to set a pricing bottom.

“ST Residential kicked off the winter tourism season by selling 21 percent of the total inventory in the Mint at Riverfront condo tower,” Condo Vultures principal Peter Zalewski said.

Mint at Riverfront’s original preconstruction pricing ranged from $489 a square foot for one-bedroom units to $563 a square foot for two-bedroom units, according to sales material from Key International.

Mint at Riverfront is a 51-story, 530-unit tower at 93 S.W. Third St. It stands within a gated condo enclave with neighboring towers Ivy and Wind at Neo on the north bank of the Miami River. Three more towers were planned for the enclave, but were never built due to South Florida's condo crash.

Wind at Neo sold 488 units at an average price of $286 a square foot, while the Ivy sold 469 units at an average price of $262 a square foot.

From:  South Florida Business Journal -  January 18, 2011,

Henry B. Nathan is a Realtor at United Realty Group Inc.

Visit my websites:

Condo-southflorida.com

GoldenIsles-homes.com

Golden-Beach-Homes.com

The Beach Club Condo 

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