Millennium Developments of Brickell LLC

Millennium Developments Begin Demolition In Brickell

Millennium Developments of Brickell Site

Millennium Developments of Brickell Site

Demolition is underway in West Brickell on a site that was purchased by Millennium Developments of Brickell. 

Two buildings are being demolished on the site. One is a 10 unit apartment complex built in 1971 and the other is a house built in 1926.

Millennium Developments of Brickell originally purchased the Citgo gas station at 190 SW 8th Street for $9.25 million in June 2014. The remaining lots were purchased in February 2015 bringing the total price for the one acre site to $16 million.

The site is zoned for a 24 story building.

Wendy's In Brickell For Sale At $21M

200 SW 8th Street Wendy's Location

A Wendy's in Brickell located at 200 SW 8th Street is up for sale at $21,800,000 for the 26,600 square foot lot. The seller - Brickell City Rentals LLC, purchased the lot in May 2014 for $10,500,000. 

The site has potential for 120 residential units or 240 hotel rooms and is zoned for T6-24. The listing agent is Fortune International Realty.

Earlier this year, Alfredo Coto of Millennium Developments purchased one acre of properties across the street from the Wendy's for $16 million in the emerging and transforming West Brickell area.

The Transformation Of West Brickell - Part 2

West Brickell

The area West of the Metrorail tracks and East of I-95 in Brickell is typically known as West Brickell and this previous area of houses and low rise condos is continuing to change with new developments. 

Last year we looked at West Brickell and its transformation and many of those buildings under construction such as Vista Grande, City Heights, West Brickell View and City Crossings have been completed. A new wave of condos are being constructed or under development. 

On the Southern end of West Brickell Atton Hotel and Le Parc at Brickell are under construction right next to each other and what used to be low rise apartments. Both of these buildings just recently topped out.

Also currently under construction are SoMa at Brickell, Brickell View Terrance, Brickell Ten and Broadstone Brickell. Before construction began on SoMa at Brickell there was a low rise apartment complex that sat abandoned for many months before it was finally torn down. The 8 story building is almost near completion. On the Broadstone Brickell site, there was also an abandoned apartment complex that was vacant for over a year before it was eventually torn down. This land was originally purchased by Miami Sunrise Properties for $13 million  before being flipped and sold for $20 million to Alliance Residential Company. 

A project that will change the whole look and feel of the area is Miami River. Miami River will be compromised of four 60 story towers that will include residential units, hotel and office space. 

Recent purchases in the area within the past year include Millennium Developments ($16M), Brickell City Rentals ($10.5M), Marathon Lodging ($15.5M) and Optimum USA Brickell 2 ($25M). The purchased site of Marathon Lodging was supposed to be a Walgreens before being sold. For 8 years the site was home to an abandoned car wash. None of these developers have announced what they planned on building on these recently purchased sites. Whatever they plan to build, it will definitely continue to change the look and feel of the area.

Millennium Developments Purchase One Acre Site In West Brickell For $16M

Land Purchased In Red In West Brickell

Alfredo Coto of Millennium Developments has purchased two lots South of the Citgo gas station, which he bought in May 2014 for $9.25 million, to bring the total investment on the one acre site for $16 million. 

The two lots purchased are located at 195 SW 9th Street and 161 SW 9th Street. The one acre site is approved for a 24 story building. 

 In July 2014, Coto bought land next to the Epic Hotel and Residences for $125 million

The Starlite Motel across the street recently sold for $25 million in December 2014