My Brickell Rentals: Cool and Affordable Luxury

A few months ago, we introduced My Brickell to you.  My Brickell is the brain child from famed designer, Karim Rashid, along with renowned developer, Jorge Perez, Arquitectonica’s Principal, Bernardo Fort-Brescia, and famed landscape designer, Raymond Jungles.  This creation, unlike anything that has been built in all of Miami, has been so well received that following a complete sell out, re-sales are underway with increases in list prices topping 70 percent. 

My Brickell Rentals

Along with a high demand on sales, My Brickell rentals are also a hot commodity as the condominium, itself, has that edgy appeal that draws so many renters who want to be in Brickell.  Early on, investors saw the value in My Brickell real estate and sought to be part of something that was going to stand out in the pack of the new wave of development taking place in Brickell.  And it appears they hit the nail on the head.

In the last six months, there have been 28 rentals have been leased.  Studios with a little more than 600 square feet have monthly rentals falling between $1,500 and $1,650 while one and two-bedroom monthly rentals range from about $1,900 to well over $3,000.  The overall price per square foot falls between $2.00 and $3.00. 

Available My Brickell Rentals

It is interesting to note that the one studio rental available has a monthly rental of $1,790 – an 8 percent increase over the highest rental rate paid in the last six months.  As for one-bedroom rentals, there is only one penthouse unit available with a monthly rate of $2,250.  Two-bedroom rentals are available with rates ranging from $2,450 to $3,300 which is comparable to the prices of recent My Brickell rentals. 

My Brickell Amenities

It is no wonder that My Brickell is such a hot spot.  The condominium provides numerous amenities that have a trendy, “now” kind of feel to them.  Orange is the signature color and it appears everywhere even if it is just a fleck in the carpet. The state of the art fitness center, the inviting and happy pool deck with a cool pool bar, game room with an orange pool table, no less, and expansive art deco-style lobby make this condominium absolutely all the rage.  

When creating My Brickell, the goal was to make it as pedestrian-friendly as possible.  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.  Let’s face it – because of its location, you do not need a car unless you want to go to the beach but just make sure you have a friend with a car.

Residences are spacious and have a loft-style feel to them.  Studios are a little over 600 square feet and the largest two-bedroom/two-bath has over 1,300 square feet.  The kitchens feature stainless steel appliances and tiled back splashes and are designed as a loft would lay out a kitchen.  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.

Do Not Delay

With this in mind, there are currently 10 rentals available at My Brickell.  But be sure to act if you like one as it seems more and more people in Brickell want to live at My Brickell.  

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.