SLS Brickell - New construction in Brickell

With condominium construction in Miami real estate kicking into high gear, the Related Group seems to be at the helm of many of the projects.  From those currently under construction like My Brickell, Millecento and Apogee Beach in Hollywood to the pre-construction condominiums like Icon Bay and Beachwalk in Hollywood, The Related Group knows that there is high demand for condominium and hotel space in South Florida especially in Brickell.  According to a recent article in Daily Business News, “Brickell is experiencing a demand for hotel rooms.”  Because of this, the Related Group is responding with a new project combining a luxury boutique hotel with luxury condominiums which we refer to as SLS Brickell as the exact name has not yet been announced.   

SLS Brickell

Just announced, the SLS Brickell project includes a 52-story building with three restaurants; a luxury boutique hotel occupying the 3^rd through 9^th floors; and 451 condominium residences from the 10^th to the 51^st floors (11 units per floor).  The Related Group and Philippe Starck, who also designed Icon Brickell, have enlisted the architectural firm of Arquitectonica to design SLS Brickell.  Known for other architectural masterpieces in Miami including the Miami Museum of Art, the South Miami Cultural Arts Center, and others, Arquitectonica is also designing the upcoming Related Group residential project, Icon Bay.   Plans currently call for the condominium residences to include one, two and three bedroom units all with the square footage ranging between 717 square feet to just over 1,500 square feet.  Just like the other Related Group projects, SLS Brickell will definitely be a beacon in Miami architecture.

Location

Located at 1300 South Miami Avenue, next to Infinity, SLS Brickell will be situated in the heart of Brickell, Miami’s financial district, and close to everything around there including Brickell Village and CitiCentre (under construction) not to mention its close proximity to Biscayne Bay.  Additionally, this ideal location offers super easy access to I-95 and is just minutes away from the growing neighborhoods of the Design District and Wynwood Arts District.

Amenities

With a luxury hotel occupying six floors of the project, the residents of SLS Brickell will have access to all of the hotel amenities and with a hotel at this level, the amenities are sure to be plentiful and well above standard.   Some of the hotel amenities include the hotel swimming pool on the 9th floor terrace along with access to the Hyde Lounge, Ciel Spa, state of the art fitness center, executive business center and grand ballroom.  In addition, there will be three restaurants, Katsuya, Bazaar by Jose Andrews and another by Michael Schwartz from Michael’s Genuine Kitchen. 

While the details of the residences have not been revealed, knowing the other residences developed by the Related Group, residents can expect all the bells and whistles that accompany residential condominiums at this level.  One amenity that has been disclosed is the resident-exclusive pool and club located on the 52nd floor terrace. 

Real Estate at SLS Brickell

The current plans for the residential properties at SLS Brickell include one, two, and three bedroom units with only 11 units on each floor.  With pricing starting in the $200s, SLS Brickell is a great opportunity for investors as well as first time buyers seeking Brickell real estate.  The pricing is as follows:

Line#	Type	AC/SF	Location	Approx. Starting Price
01	2BR/2BA+Den	1,486	NE	$600s
02	2BR/2BA+Den	1,290	East	$600s
03	1BR/2BA+Den	971	East	$400s
04	1BR/1BA+Den	813	East	$300s
05	3BR/2.5BA+Den	1,505	SE	$700s
06	1BR/1.5BA+Den	1,332	SW	$500s
07	1BR/1BA	717	West	$200s
08	1BR/1BA+Den	734	West	$300s
09	2BR/2BA	1,137	West	$400s
10	2BR/2BA+Den	1,362	NW	$500s

As the construction date has not been announced, reservations are accepted with a deposit and the payment schedule is structured as follows (dates are tentative and subject to change):

• 10% with Reservation (April 2013)
• 10% at Contract (July 2013)
• 10% at Groundbreaking (November 2013)
• 10% at 25^th floor (9 months after groundbreaking - August 2014)
• 10% at Top off (June 2015)
• 50% at closing (mid-2016)       

SLS Brickell is one of several luxury condominium projects that will begin redefining the Miami skyline.  Similar projects in the vicinity have sold out or all but sold out quickly.  With such an increased interest in the Brickell area as well as the neighborhoods that surround it, the demand on Miami real estate is high.