So far this month I have been going from one presentation to another of brand new luxury condominiums coming into the Brickell or Downtown Miami area. It’s just crazy! The latest project just anounced is called The Bond….yes like James Bond. The Bond on Brickell will be located on 1080 Brickell Avenue. The Bond Brickel will be a 44 story luxury condominium with 323 residences. The condominium will consist of studios, 1, 2 and 3 bedroom units including lofts and penthouses.
Archive for the ‘Brickell new construction’ Category
The Bond at 1080 Brickell…..yes another Luxury condominium coming to Brickell
Tuesday, May 7th, 2013So far this month I have been going from one presentation to another of brand new luxury condominiums coming into the Brickell or Downtown Miami area. It’s just crazy! The latest project just anounced is called The Bond….yes like James Bond. The Bond on Brickell will be located on 1080 Brickell Avenue. The Bond Brickel will be a 44 story luxury condominium with 323 residences. The condominium will consist of studios, 1, 2 and 3 bedroom units including lofts and penthouses.
New renderings for SLS Hotel & Residences, Brickell
Wednesday, April 3rd, 2013See below the new renderings just released of one of the most talked about Condominiums coming to the Brickell area.
A mix of Success! Related Group developing, The SLS Hotel together with Arquitectonica’s designs and the hotel interiors by Philippe Starck !!!
This would be an amazing project, with an incredible location, filled with art, lifestyle and much more…
Just a taste of some of the amenities:
| 3 Great Restaurants on the ground floor:- Katsuya- Bazaar by Jose Andres- A restaurant by Michael ( Schwartz of Michael Genuine)9th Floor Ammenity level:- State of the art Gym- Party room- Screening room
- Private Spa - 200′ Long pool 8000 SqFt Ball Room with independent street entry hotel lobby S Bar – Jazz Lounge Hyde Lounge Cielo Spa Roof top terrace with Pool and Lounge for residents only 11 units per floor Busines Center with private meeting rooms 2 Beach Clubs in South Beach |
PRE-RESERVATION PROCESS:
This project will be an amazing success, therefore I highly recommend that you start taking deposits from buyers that are very much interested since the very first units won’t last.
Checks to secure the first level of pricing are made to Chicago Title for:
$30,000 – 1 bedroom / $40,000 – 2 bedroom / $50,000 – 3 bedrooms / PH
Units in the low floors will start approximately in the lows $400 p/SqFt!!!! If you would like to set up an appointment to discuss further please call me at 786-853-2333 and I will gladly provide you with more information about this wonderful project.
Having lived in Miami for over 20 years and selling real estate for the past 10, I have acquired the experience and know how it takes to help Buyers and Sellers achieve their goals and make sound real estate investments. If you are interested in getting more information about the market or have a question about a particular property give me a call at 786 -853-2333 or email me here. The areas that I specialize in include, Coconut Grove, Coral Gables, The Roads, Brickell, Downtown, Midtown, Miami Shores and Miami Beach.
If you don’t Risk you don’t Win!
Sunday, March 31st, 2013
Now a days, move-up buyers are analyzing very closely the home prices and holding back on selling their properties just waiting for the “perfect moment” but what they don’t realize is that they may be losing their golden opportunity according to the Florida Realtors March 2013 issue.
How to know when the “perfect moment” has come? Well Daren Blomquist, Vice President of RealtyTrac, explains that the best time to sell may depend on when the homeowner purchased their property. For example individuals who purchased their home during the slow-moving market a couple of years back may find that selling in 2013 makes sense. Blomquist stated: “Because they bought near the bottom, these homeowners should have built up some good equity that can go toward the purchase of a new home, and waiting longer to build more equity most likely won’t provide much advantage given that the other homes that they might want to move up to will also be appreciating at roughly the same pace”.
The low interest mortgage rates, which right now are at 3.5 percent range, are expected to reach a 4.4 percent range in the next 12 months according to the Mortgage Bankers Association, which means your purchasing power will decrease as interest increase. Waiting to sell now will translate into possibly getting more for your home later but it will also mean moving into a bigger home may cost more than the equity you will gain.
Having lived in Miami for over 20 years and selling real estate for the past 10, I have acquired the experience and know how it takes to help Buyers and Sellers achieve their goals and make sound real estate investments. If you are interested in getting more information about the market or have a question about a particular property give me a call at 786 -853-2333 or email me here. The areas that I specialize in include, Coconut Grove, Coral Gables, The Roads, Brickell, Downtown, Midtown, Miami Shores and Miami Beach.
RUMOR HAS IT
Monday, March 11th, 2013
Finally what everybody has been talking about is now confirmed, SLS Hotel and Residences are coming to Brickell. The new development would be located at 1300 South Miami Avenue and will be composed by 51 floors. The hotel will occupy the first nine floors.
Although this Condominium will include a hotel, it will not be a Condo-Hotel set up. Unit owners will have their own separate entrance as well as their own pool area on the rooftop. Total residential units will be 450 and 132 units for the hotel.
As for amenities, expect nothing but exclusive design and luxury which characterize SLS Hotels and Philippe Starck’s designs. Some of the best features include:
• 3 great restaurants on the ground floor: Katsuya by Starck, Bazaar by Jose Andres and Michael’s Genuine Food & Drink.
• 2 swimming pools (one on the 9th floor and a second one on the roof top exclusively for residents).
• 1 Lounge: Hyde Bar and Lounge.
• 1 Spa: Ciel @ SLS
• Business Center with private meeting rooms
• 1 S Bar – Jazz Lounge
• 1 Ball Room with independent street entry hotel lobby.
• And last but not least, the Fitness Center.
For the Pre- Reservation Process, the required deposits are:
• $30,000 dlls – 1 bedroom
• $40,000 dlls – 2 bedroom
• $50,000 dlls – 3 bedrooms / PH
Afterwards the deposits structure would be as following:
1. 10% at Reservation – March
2. 10% at Contract – June/July
3. 10% at Ground Breaking – Fall
4. 10% at 25th Floor – September 2014
5. 10% a top off – 2015
6. 50% at Closing – beginning of 2017.
The size range of the units go from 717 square feet for the one bedroom plus den to 1500 square feet for the three bedrooms plus den.
Want to be part of Brickell’s hottest building, surrounded by luxury and very well known brands? Feel free to contact me and I would help you with your Pre- Reservation Process.
Is the Stanley Axlrod UTD Tower in Brickell for sale?
Wednesday, February 27th, 2013
The tower was built in 1967 by the Miami-Dade teachers Union. Is located on Biscayne Bay and it is valued at about 10.6 million by the county property appraiser. It was built as a retirement home for educators, but after almost half a century the UTD leaders are saying that retired teachers make too much money to comply with federal income caps on the building’s 200-plus units, leaving them with a building and a responsibility they don’t want. (David Smiley, 2013)
So far the UTD is under negotiations with a still unknown buyer, who signed a letter of intent but no contract, so this makes the sale not guaranteed. The tower was financed on a U.S. Housing and Urban Development mortgage and the beneficiary of a HUD loan remains subject to federal approval.
“At this particular time, even if they change ownership, they have a use agreement and that would restrict the property to be occupied by elderly families with low and moderate income up until 2019, but with HUD consent, the buyer, which can be a “for-profit limited partnership,” can pay off the mortgage early and without penalty subject to HUD approval” said agency spokeswoman Gloria Shanahan.
Once the federal rent protections and regulations expire, the UTD Tower will become a target to redevelopment in one of Miami’s hot neighborhoods: Brickell.
Having lived in Miami for over 20 years and selling real estate for the past 10, I have acquired the experience and know how it takes to help Buyers and Sellers achieve their goals and make sound real estate investments. If you are interested in getting more information about the market or have a question about a particular property give me a call at 786 -853-2333 or email me here. The areas that I specialize in include, Coconut Grove, Coral Gables, The Roads, Brickell, Downtown, Midtown, Miami Shores and Miami Beach.
Inventory and Sales Report for Miami Dade County
Tuesday, February 12th, 2013
If you have been following the real estate market in the past year you will have noticed how quickly the inventories have been dropping in key areas in Miami-Dade County. As evident in the above chart from 2011 to 2012 we have had a15% increase in Single Family home sales and 27% increase in Condominium Sales (Source: South Florida Regional MLS).
Since 2008 Single Family homes and Condominium sales have gradually taken the upward slope. Another interesting fact is that in 2008 we had on average a 29 month supply of Single family homes on the market and 40 months supply of condos, it was truly a buyers market! Everyone wondered how much lower prices would continue to drop since it seemed absorbing those levels of inventory would take a long time. I remember I had buyers telling me ” the market has not hit bottom yet it will take years and years to recover from this”. In 2009, less than a year later the supply levels had dropped to 10.2 month supply for homes and 18.2 months for condos, less than half!Today’s inventory levels are down to 4 months worth of supply and even less on rental properties. Buyers that decided to wait in 2011 and 2012 can’t believe the opportunity they missed. Today we find buyers facing multiple offers situation or frustrated because properties are going under contract before they can submit their offers.
The market is hot and everyone is realizing that waiting that extra year to buy at a lower price is no longer an option.If you are currently in the market to purchase a property give me a call, together we can find your dream home. If you are considering selling, I can provide you with the latest sales in your area as well as a comprehensive analysis of your property’s value.
Having lived in Miami for over 20 years and selling real estate for the past 10, I have acquired the experience and know how it takes to help Buyers and Sellers achieve their goals and make sound real estate investments. If you are interested in getting more information about the market or have a question about a particular property give me a call at 786 -853-2333 or email me here. The areas that I specialize in include, Coconut Grove, Coral Gables, The Roads, Brickell, Downtown, Midtown, Miami Shores and Miami Beach.
Update on Brickell CitiCenter Parking
Friday, August 3rd, 2012Miami’s Brickell CitiCenter Project that was stalled by America’s economic woes back in 2008 has begun construction work since last month, and already Swire Properties said in a press conference last July 26th that they will start working on its mega parking lot that has a capacity of 3,100 vehicles.
Turner Construction Co. is the one overseeing the construction project as the Hong Kong-based Swire Properties Inc. awarded the contract to them since last May of this year. The construction company is expected to complete the first phase of the project by 2015, and among the details of this 9-acre infrastructure includes five mega buildings, where one of which is going to be a 520,000 square foot mall, a hotel having 243 accommodations, a 110,000-square-foot office tower, 93 service apartments and 800 condominium units. The second phase of the project should be completed by 2018, but experts say that the economy will still be a key factor on whether or not the target date could be reached.
Swire Properties CEO Martin Cubbon said “Miami’s economy is benefiting from investments by its neighbors from South America, and we see strong growth potential for the city. The location of Brickell CitiCentre offers an excellent opportunity to draw market share from local businesses and residents as well as visitors.”
The Brickell area in Miami’s south harbor couldn’t have been a more perfect location for the CitiCenter to be erected as it offers all the best of the city to the people who will work and stay in it. First of all it’s downtown and all the basic amenities is just easily accessible like the MetroMover for instance; commuters will find it a fast and efficient ride to any point in Miami. The city is also adapting the “green” policy, which is why its new laws prefer pedestrians than cars on its sidewalks – the Brickell CitiCenter may just be the catalyst for a greener more environment friendly Miami City.
The President of Swire Properties Inc., Stephen Owens, told the Beacon Council’s breakfast reception, which is the economic-development group of Miami-Dade. “We don’t think petrol will be $5 a gallon forever. We’re living in a world of subsidized energy, and we don’t think it can last forever.”
Swire Properties Inc. has recently released this photo detailing the Brickell CitiCenter Project in black and white CGI:
Photo courtesy of: http://www.bizjournals.com/southflorida/news/2012/05/18/swire-released-more-detailed-brickell.html
This is how the mega construction project should look like after a decade from now, but it will look more stunning once the first phase is completed. At least for now we get to see a glimpse of what it may look like.
The Brickell CitiCenter Project’s developer, Swire Properties Inc. said that it plans to dedicate about 28,963 square meters of the CitiCenter to wellness centers and medical facilities. Swire is hoping that the entire complex will become a self-sustaining metropolis within the downtown Miami, where the people who works there will less likely have to or need to drive to some distance just to get supplies or engage in a recreational activity. All this, according to the developer, has been considered aside from the “green” theme that they will also adapt throughout the entire complex. If you are looking to sell your home or buy a new one but insist on only working with a professional agent that will help you in the process and work hard to get things done, then call me at (786)853-2333 or drop me a line at naylabenitez@gmail.com. It’s that simple!
Miami takes #1 spot as one of the top “turn-around towns” for real estate purchases!!!
Thursday, February 9th, 2012
It’s truly about time an article came out that reflects the truth about current market conditions in Miami. It is really difficult to make buyers understand that although in 2009,2010 and part of 2011 foreclosures and massive inventory of developer units dominated the market, that has all been left in the past. No longer can you find multiple foreclosures in a building…gone are those days were the buyer can pick and choose and low-ball just about any property. I am not saying you can’t find a good deal or that there are no foreclosures on the market….I’m just saying it’s not as easy as it was in the past.
In 2009 I remember that if a client wanted a 2 bedroom condo in Brickell and his budget was $300k, I would at least be able to come up with 6 or 7 properties to show him in and some even in the newer developments. Today the reality is that to find a 2 bedroom condo in Brickell, Downtown, Miami Beach, Coconut Grove or Coral Gables you have to really search and not have a long list of critireas. If you are lucky to find something, odds are it will be under contract by the time you go see it or your client decides he wants to put an offer. Inventories have dropped and this drives away the negotiating power that existed years back.
In the past couple of months I have been able to help clients find some great buys in Brickell and Downtown, however that window is slowly closing as I continue to see prices escalate month by month. If there is a shadown inventory of foreclosures banks have been holding, this is as good a time as any to put them out in the market…we need the inventory!
see article “Florida dominates list of turn-around towns”
http://trdsofla.com/vZgD2B
If you are in thinking about buying or selling your property, give me a call I would love to discuss the market conditions and provide more insight as to how I can help you invest in Miami!
My Brickell….new condo concept coming to Brickell in 2012
Thursday, December 8th, 2011I know is hard to believe…. everywhere in the news you hear how bad the economy is and how prices continue to drop in the housing market but…there is always a but….there are currently two new condo development projects on the works for next year. BRICKELL HOUSE which is going to be located in the empty lot right across from the Jade is one and the other is MyBrickell. MyBRICKELL is another RELATED & Arquitectonica’s project inspired by renowned designer Karim Rashid. is set to be completed in 2013 and will be breaking ground in the Dec 2011. It’s location will be at right behind the 500 Brickell Condo along the Miami River, steps from the Brickell CitiCenter once this shopping center is built. MyBrickell will be a 24 story boutique building with 192 modern condominium residences, with a total of 8 units per floor. Reservations are now being taken at reduced pre construction prices and according to developers 42% is already under reservation.
Brickell House condo will have 370 condo units with 46 floors. These condo units will be ranging from studios of 400 sq.ft to 3 bedrooms of 1,438 sq.ft . Developed by Neward Development Group together with Sieger Suarez architectural this project is said to become the next luxury condo in the Brickell area. The interiors will be designed by Yabu Pushelberg, you may recall his designs from the Apogee condo in South Beach. Brickell House will have a robotic automated parking garage new to Brickell condos and it will also contain many “green” features keeping up with today’s environmentally conscious buyers.
Both of these buildings are at the pre-construction phase and both taking reservations. There is no inventory list available to the general public as availability changes daily. I have access to what’s currently for sale and as well as floor plans and prices.
For further information call (786) 853-2333or email me @ naylabenitez@gmail.com
Brickell House is the name of the “New” pre-construction project in Brickell
Saturday, October 22nd, 2011
Brickell House new condo project in Brickell set for 2014. It’s hard to believe it since just a year ago Developers were still trying to figure out how to get rid of all the inventory in all the new high rise towers between the Brickell and Downtown areas, however as announced on Monday by Developer Newgard. This new project will be located in the empty lot right in front of The Jade Condomini…um between 13th and 14th street right on Brickell Bay Drive.This $170 million dollar project will have a total of 374 residences on a 46 story tower. It is said to start somewhere in the low $200k’s for what I imagine would be the 1 bedroom lower floor units. Some of the most outstanding features will include a rooftop sky-deck and an automated robotic parking garage. I imagine with time more details will be released on the project, as for now any potential buyers will need to have 70% cash down, which basically will eliminate many of the local buyers.
see Miami Herald
