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Condo
The Construction of Brickell City Centre Between 7th St.
Brickell City Centre is still progressing rapidly since photos taken in April (2nd April photos) and last month in June. The two condo towers almost catching up in height to the hotel.
Reportedly, Condo North is now called Reach Brickell City Centre and Condo West is Rise Brickell City Centre.
Below are current construction photos.
Condos and Offices in Transforming Brickell
The Miami Herald is reporting that most South Florida residents can't afford to buy condos in Miami.
Condos are being bought by from people around the world including South Americans, Russians and French etc.
In the last condo boom most people were buying condos with almost zero down payments and when the real estate bubble burst, developers were left to scramble when buyers started backing out of their deals. To prevent the same situation from happening again, developers are accepting at least 50 percent down payment or all cash offers for a unit. Most Miamians can't afford that kind of payment and in turn end up renting from the global buyer.
Centro Lofts Miami Construction Site
Located in Downtown Miami, Centro Lofts Miami will feature 36 floors and 352 condominium units. The unique part of this building is that it will not have a parking garage for its residents. It will have 5 spots for a Car2Go service and bicycle parking. Residents that do have a car will have to park at a nearby city garage.
Centrally located, residents have easy access to the metrorail, metromover and are within close walking distance to Bayfront Park.
Developed by Newgard Group, the project broke ground in December 2013 and is expected to be completed by Spring 2015.
Below are construction photos of the site.
SLS Brickell Construction Site
Located at 1300 South Miami Avenue, SLS Brickell is a 52 story tower that will be comprised of 450 units and of course, an SLS hotel.
Amenities include the high end restaurants The Bazaar, Michael's and Katsuya. It will also have a sky roof pool, spa and Hyde Lounge.
Construction is expected to be completed by 3rd quarter of 2016.
Below are construction photos.
Met 3 Construction Site
Starting construction in December of 2012, ZOM Inc. purchased the air rights above the Met 3 to build 462 luxury condominiums units to be called Montage at Met 3.
The building will have a Whole Foods on the ground level. Amenities will include a pool, yoga lawn, theatre room, BBQ area, gym and a spa.
Suffolk Construction is leading the construction on the site.
Le Parc at Brickell and Atton Hotels Construction Site
Located next to each other at 1600 and 1500 SW 1st Avenue, Le Parc at Brickell and Atton Hotels have broken ground in April and May of this year.
Le Parc at Brickell will be 12 stories and hold 124 condominium units.
Atton Hotels will cost $65 million and hold 275 rooms.
Below are construction photos of the projects.
Watson Island in the Foreground
In May, Miami Commissioners gave approval for the developer Flagstone Property Group to begin construction by June 2, but that date has come and go nothing has been done to the site.
According to the Miami Herald, Flagstone hasn't applied for building permits, but they say, "“construction work” had indeed begun by June 2 — because, they say, a diver mapped and surveyed corals and sea grasses that must be moved or replaced elsewhere in the bay before dredging and construction of the marina can begin."
Flagstone has been paying $2 million a year in rent based on 2001 values, when the actual value should be around $7.2 million.
Flagstone claims marina construction should begin by December.
