Brickell House Condo New Construction

Brickell House Condo

The New Brickell House condo location: 1330 Brickell Bay Dr Miami, FL 33131

Brickell House, a new 46-tower condo, will open in 2014, Newgard Development Group announced. Miami’s first new condo high-rise since the housing bust is set to begin construction next spring, developer Newgard Development Group announced Monday. Called Brickell House, the $170 million project is part of a new wave of condo towers planned for downtown Miami, which saw development grind to a halt after the building frenzy that lasted from 2003 to 2008. “Almost all of the outstanding inventory that we had has been absorbed in the last 18 months,” said Harvey Hernandez, managing partner and chairman of Newgard Group. “It could not be a better moment for us to launch a project.” The 46-story tower is slated to have 374 residences, ranging from one bedrooms to penthouses. Specs include a rooftop sky deck, pool on the 46th floor and an automated robotic parking garage.

Buyers in large part will be charged with paying for the construction of the glossy tower under a financing model that will require purchasers to pay 70 percent of the asking price before construction is completed. That financing model — which is also being used for new condos recently pitched by Related Group — is more common in Latin America, where Brickell House will be heavily marketed. Prices start around $200,000.

“Let’s be realistic. The majority of buyers in Miami come from outside of the country,” Hernandez said. “Our buyers here, nobody has 70 percent. Nobody can afford that.” Hernandez said he believes the housing market will have substantially rebounded by the time the project opens, with strong international demand and a more vibrant downtown. Peter Zalevski, of Bal Harbour-based CondoVultres, said he’s not so sure. He said sales of new downtown condos have begun to slow down, and supply is set to increase dramatically as a slew of new projects begins to come online. “There are too many [projects] that are suddenly all popping up at the same time,” he said. “At least from a promotional perspective, it’s starting to look like 2005 and 2006 again.”

Additionally, a condo tower called Villa Magna is approved to open on a nearby plot with more direct water views than the land-locked Brickell House site, potentially providing stiff competition.

The Brickell House project, located off Brickell Avenue, is scheduled to open in 2014. A Meat Market restaurant has signed on to take up some of the project’s ground-floor retail space, Newgard announced.

Pricing and Reservation

Brickell House Pricing

PREMIUM UNITS
Floors 6 – 12
Studios (420 SQFT) ranging from: $195,900
1 bedrooms (725-863 SQFT) range from: $255,900 – 325,900*
Floors 16 – 18
Studios (400-486 SQFT) range from: $180,900 – $224,900*
1 bedrooms (725-810 SQFT) range from: $295,900- $399,900*
2 bedrooms (1116-1139 SQFT) range from: $407,900 – 499,900*
Floors 29 – 34
1 bed+den/1.5bath (965 SQFT) range from: $338,900 – $354,900*
2 beds/2.5 bath (1105-1183 SQFT) range from: $427,900 – $445,900*
2 beds+den (1144-1295 SQFT) range from: $499,900 – $659,900*
3 beds/2.5 bath (1451 SQFT) range form: $589,900 – $780,900*
PENTHOUSE UNITS
Floor 37 – 43
1 bed+den/1.5 bath (965 SQFT) range from: $381,900 – $399,900*
2 bedrooms+den (1295-1775 SQFT) range from: $524,900 – $910,900*
3 bedrooms+den/3.5 bath (2625 SQFT) range form: $1,111,900 – 1,200,900*
* All prices are subject to availability and change without notice.
** Unit sizes are being finalized and may vary

Brickell House Reservation

• Reservation 10% down payment
• Groundbreaking 10%
• When your floor is built 20%
• When building topping off 20%
• When building completed 30%

Brickell House is a preconstruction project with over 54% already sold. Brickell House inventory is not accessible by the public or via MLS. Brickell House condo inventory changes daily. contact us today complete the
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Brickell House Floor Plans

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