Brickell CitiCentre Condo Sales Begin

It is official – Brickell CitiCentre has launched its condo sales with one-bedroom units starting at about $500K. Slated to be completed by the end of 2015, Swire’s plans indicate that the first of two towers, dubbed Reach Brickell CiteCentre, will consist of 43 stories housing 383 one, two, and three-bedroom residences along with penthouse units. 

Brickell CitiCentre Overview

We introduced Brickell CitiCentre over a year ago with the details that had been announced at that time.  Brickell City Centre is a $1.05 billion mixed-use development situated in the Brickell financial district.  The plans indicate that the entire project will spread across more than nine acres to bring an entirely new edge to urban living in Miami.  The complex plans are comprised of over five million square feet of space that incorporates office, residential, hotel retail and entertainment.  On top of that, there are two levels of underground property that cover seven acres below the entire development. 

Reach Brickell CitiCentre Amenities

The interiors of the 43-story condominium are under the design of Richardson Sadeki whose portfolio includes MGM Mirage, Viceroy and others.  In addition to sitting atop a luxury shopping center, the LEED certified building plans to have an elaborate half-acre deck with outdoor grilling, fitness and children’s play areas as well as a state of the art fitness center with group fitness studios and a view-able children’s area incorporated with the latest technology, on-site concierge, state-of the-art Wi-Fi throughout the common areas and more. 

In terms of the residence features, homeowners can expect nothing but the most up-to-date amenities in their homes.  The homes will have floor to ceiling windows that showcase amazing views of Miami; large kitchens with quartz counter tops, Italian cabinetry, and high-end stainless steel appliances; open living areas, over-sized bedrooms with walk-in closets; and more.  Ceiling heights will range from just over nine feet to over 12 feet in penthouse residences.  With pre-construction sales, homeowners will have several feature options from which to choose when designing their residences.  Penthouse residences will feature upgrades and beautiful outdoor areas some of which may have outdoor spas and pools. 

Reach Brickell CitiCentre Real Estate

As we said, Reach Tower is going to be a 43-story condominium with 383 units housing one, two, and three-bedroom units along with seven penthouse residences.  The twelve floor plans offer square footage that range from just under 1,000 square feet for one-bedroom units to over 2,700 square feet for three-bedroom tower suite residences (not including penthouses).  List prices start at about $495K for one-bedroom residences to almost $2 million for tower suites. Following are the starting list prices at Reach Brickell CitiCentre:

Line #	Type	Square Feet	List Price	Price/ SF	View
05	1 Bed/1.5 Bath	965	$535,000	$554	East
06	1 Bed/1.5 Bath	871	$490,000	$565	West
08	1 Bed/1.5 Bath	1,040	$545,000	$524	West
10	2 Bed/2 Bath	1,307	$700,000	$535	West
01	2 Bed/2.5 Bath + Den	1,385	$795,000	$575	SE Corner
02	2 Bed/2.5 Bath + Den	1,386	$775,000	$559	SW Corner
07	2 Bed/2.5 Bath + Den	1,392	$735,000	$528	E
11	2 Bed/2.5 Bath + Den	1,386	$785,000	$566	NE Corner
12	2 Bed/2.5 Bath + Den	1,386	$765,000	$552	SE Corner
09	2 Bed/2.5 Bath + Den	1,490	$825,000	$553	SE Corner
03	3 Bed/3.5 Bath + Den	2,083	$1,250,000	$607	East
04	3 Bed/3.5 Bath + Den	1,799	$1,100,000	$617	West
Tower Suite	3 Bed/3.5 Bath + Den	2,740	$1,999,900	$729	North & South

As for the pre-construction sales, the following payment structure has been laid out:

• 20% at Contract
• 15% at 120 Days from Contract
• 15% at 240 Days from Contract
• 50% at Completion (Tentatively Slated for the end of 2015)

Cutting-Edge, Urban Design

Brickell CitiCentre is a cutting-edge, urban design that is different from anything in Miami.  As the development continues to unfold, more and more potential buyers are definitely going to take a more serious look at Reach Tower.  If you have any questions, let us know.

MyBrickell

Completed only a few months ago, property owners who bought at MyBrickell are already in the selling mode.  The increase in list prices this time around is astonishing.  To give you an idea of what we are talking about, preconstruction prices for studios first started at about $169K.  The lowest priced studio listed on the MLS is at $290K (reduced from $329K in February) – a 71 percent increase in list price.  On top of that, there are currently 20 listings at MyBrickell – all resales.  We know that the real estate market is heating up but holy smokes!

About MyBrickell

MyBrickell is unlike any other condominium in the Brickell neighborhood. It definitely stands out from the other condominiums in that it is brightly colored and a blend of contemporary, art deco and even eclectic in its interior and exterior design.   The condominium building 184 units on 25 floors with an expansive retail push on the ground floor as well as a fitness center, a huge and really cool lobby, and a lavish pool bar area.  The whole idea behind MyBrickell is that it is designed to be a pedestrian friendly condominium that is close to everything – within walking distance.

MyBrickell’s Location

Located at 30 SE 6^th Street, MyBrickell sits on the Miami River in Brickell.  MyBrickell is located within a block or two of Mary Brickell Village making it easy to walk over to Balans Restaurant, Fado Irish Pub, the Blue Martini and others for drinks and dinner or shopping on a Saturday afternoon. There is a breezeway that connects MyBrickell to the Brickell Financial Center next door as well.  On top of that, the new Brickell CitiCentre is under construction right next door.  In terms of location, MyBrickell’s cannot get any better!  Get the picture?

On its own merit, Brickell is Miami’s answer to “business is booming!”  There is so much construction happening that the area is morphing into what some call the “Manhattan of the South.”  But don’t let that scare you – it is a really great place to be especially if you work in Downtown, Brickell or even Midtown. 

The Brains Behind MyBrickell

First of all, it started with an idea and began development with the backing and power of The Related Group.  Then, Arquitectonica entered the picture to create this one-of-a-kind masterpiece that is something you have to see to believe.  From there, Karim Rashid added his individuality to it and created a design that stands apart from the pack.  It is kind of like a bit of South Beach crossed the bridge and landed in Brickell.  This design is perfect for this area but one could never imagine it anywhere else.  It is a fascinating building that makes many Miami residents want to say that they “live at MyBrickell.” 

MyBrickell Amenities

Where do we start?  In terms of community amenities, the condominium offers tons of them from the state of the art fitness center to a delightful outdoor pool deck with a great pool bar to a game room and expansive art deco-style lobby.  The whole theme around MyBrickell is its pedestrian-friendly atmosphere.  With that in mind, there is parking next door but only one and two bedroom residences come with one assigned parking spot while studios must use valet parking. 

As for residences, the residences are spacious with studios having 600 square feet and the largest two-bedroom/two-bath having over 1,300 square feet.  The loft-style kitchens feature stainless steel appliances and tiled backsplashes.  Views from the residences showcase the city and water.  The living area is open and airy, and the master bedrooms have very nice walk-in closets.

MyBrickell Real Estate

The interesting thing about MyBrickell is the number of units available for resale.  Currently there are over 20 studios, one, and two-bedroom properties listed on the MLS.  In fact, with a building that has just been completed, 14 percent of the building is for sale.  The average cost per square foot of those listed is about $525 compared to the original cost per square foot during pre-construction sales of around $360.  It is important to note that most of the MyBrickell listings for re-sale listed have already received price reductions since none have closed to date.

As for MyBrickell rentals, there are 27 available as of today with monthly rental rates ranging from $1,500 for a studio to $3,500 for a two-bedroom/two-bath unit.  Most are listed as unfurnished annual rentals and for those who rent them, they get brand new everything.  In the renting world, that accounts for a lot.

Watch What is To Come at MyBrickell

With new construction booming in Brickell and even more in the works in the surrounding neighborhoods, it will be interesting to watch what is to come with the sales and rentals of MyBrickell condominium units.  In terms of locations, you can’t ask for anything better than where it is located and the character and uniqueness stand out above the rest.  It is simply an architectural masterpiece and one that is going to get even hotter as construction around it completes.