Downtown Miami Real Estate

24
Sep

What’s New about One Brickell CityCentre?

One Brickell City Center

Brickell real estate is going to have a new awesome condominium building. Swire Properties, Inc. purchased the property on which the new building will stand in July and just released new details about the construction. The tower that will be built at 700 Brickell Avenue is going to have 80 floors. This constitutes a sensational addition to the project that the developers are currently building.   

 

The newest addition to the One Brickell City Center will consist of residential properties, but it will have more than just condominium homes. The property will also have a lounge, a restaurant, a hotel and spaces for offices as well as retail stores. Currently, the property houses the Northern Trust Bank Tower.

 

After the developers have replaced the Northern Trust Bank with their residential units and office spaces, they plan to call the entire entity the “One Brickell CityCentre.” Swire has a $1 billion dollar budget for this project, and the One Brickell CityCentre condominiums are going to be just one part of it with the condominium homes being located on the eastern edge of the property.

 

Swire’s president Stephen L. Owens released a statement in which he asserted, “Our goal is to develop a structure that will be artful in its mix of uses and will advance Brickell Avenue’s stature as Miami’s premier destination.”

 

Swire made it a point of hiring one of the best architectural firms to design its building. This statement is known to be true because the building is going to be designed by the famed Arquitectonica firm.

 

In another statement, Swire announced that the company “…intends to work with the city of Miami to have One Brickell CityCentre approved as an extension of the existing Special Area Project.”

 

The project is currently in Phase One of the development process. Construction crews are working on building the luxury shopping center, two residential towers, an EAST, Miami by Swire Hotels, Class-A offices and serviced apartments. The community will also have a wellness center that is under construction now.

 

Swire had to bid for the property in July, and it promptly won its bid to purchase this valuable piece of land at 700 Brickell Avenue. The company parted with around $64 million in order to buy the property that is now headquarters for the Northern Trust Bank. The Northern Trust Bank doesn’t plan to close its doors because it is going to move to 600 Brickell Avenue. At that location, it will take over the ground floor of the building where it will be an anchor tenant to the 700 Brickell Avenue property. 

 

Two different entities sold this Downtown Miami luxury real estate to Swire. One is the Northern Trust Company and the other is the Marjorie O. Brickell Revocable Trust.

 

When Swire was in the process of purchasing the property, Owens was aware of how important this acquisition would be for his company. He stated, “The site is of great strategic importance for the development of Brickell CityCentre because it provides the project with a critical front door onto Miami’s most significant boulevard.”

3
Jun

Get to Know the Incredible One Thousand Museum Condominium

The One Thousand Museum preconstruction

The One Thousand Museum project will be famous for being one of the most dynamic buildings to exist on the planet. When people consider the One57 in New York and the One Hide Park in London, the One Thousand Museum condo is expected to be even more impressive.

 

This building is going to be the first condominium construction in the state to have a helicopter pad on its rooftop. As large as it is going to be, it will only contain 83 condominium units. In addition, every resident will have a private security concierge of his or her own.

 

The One Thousand Museum preconstruction building is going to be located at 1000 Biscayne Boulevard in downtown Miami. It will have 62 floors where people will purchase either a half-floor or a full-floor condominium home. With the purchase of a condominium unit, residents receive three parking spaces. If they have access to a helicopter, they will be able to use the building’s helipad. The furnished homes in this tower all have custom-made closets, designer lighting fixtures and gorgeous floors.

 

The Completion Date Is Set for 2016

 

The developers expect to be finished constructing this building in 2016. When it has been completed, residents will have incredibly large homes with half-floor plans that measure 4,500 square feet. A full-floor plan contains as many as 9,800 square feet.

 

For the privilege of living in this building, residents can use the helipad, take part in the building’s rooftop events, visit the cigar lounge, swim in the building’s pool, exercise in the cardio room, play a game in the billiards room and enjoy the private screening room. Furthermore, this building will have several large indoor pools, hot tubs, cold plunge pools, hot plunge pools and a private spa. Residents will also have saunas, steam rooms and cabanas to enjoy.

 

Those who purchase these units as investment properties and those who are going to live in these homes permanently are anxiously awaiting 2016 when the building will be completed. The purchase price for a half-floor home is $4 million, and a full-floor home is $12 million, but the duplex on the top floor has the immense purchase price of $50 million.

 

Real estate in downtown Miami is famous for being innovative and adventurous. Even with this being the case, this new building is going to take these adjectives a lot further. Wherever people are in southern Florida, they will be able to view this new construction as part of the skyline, and it will be obvious that architects can invent extremely bold designs that fit in well with the rest of downtown Miami’s architecture.

 

The Prominence of Foreign Buyers

 

The Miami area suffered from a housing bust like the rest of the country. Since that time, a majority of the condominium purchasers have been from foreign countries. These homes are offering foreign investors a safe place to invest their cash in a gorgeous part of the United States. Many people are eager to purchase even though there is a certain amount of risk attached to this project.

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