Rockpoint Group Receives $109M Mortgage For 1221 Brickell

1221 Brickell

After being purchased for $155 million in April, Rockpoint Group has received a $109 million mortgage on 1221 Brickell, according to The Real Deal. 

The 27 story 1221 Brickell was built in 1986 and designed by Harwood K. Smith & Partners. The building is known for its illuminating lights at night and was featured in the television show Miami Vice.

Rockpoint Group purchased Mary Brickell Village for $113.5 million in 2015.

1111 Lincoln Road Parking Garage Purchased For $283M

1111 Lincoln Road

The iconic 1111 Lincoln Road designed by architects Herzog & de Meuron has been purchased by a new owner, according to The Miami Herald. 

The 263 space parking garage with 40,000 square feet of retail and 110,000 square feet of office space cost $65 million and opened in 2010.

The property was purchased in 2005 by developer Robert Wennett for $23.5 million.

UPDATE: 1111 Lincoln has been purchased by German investment fund Bayerische Versorgungskammer for $283 million

Demolition Begins At Maizon At Brickell Site

Maizon at Brickell

Maizon at Brickell

After being approved by Miami's Urban Development Review Board in October 2016, demolition has begun at the Maizon at Brickell site.

Located in West Brickell, currently being demolished are low rise apartment buildings that were built between 1948 and 1976.

Maizon at Brickell will be 24 stories and have 262 rental units.

Canvas Condo Close To Topping Off

Canvas Condo

Canvas Condo

Canvas Condo has reached the 33rd floor of the 37 story building and is close to topping out.

When are last looked in April Canvas was on the 21st floor of construction.

Previous construction photos of Canvas Condo can be viewed here.

Square Station Construction Progress Photos

Square Station

Square Station

Both towers at Square Station are close to topping out with the South Tower at the 30th floor and the North Tower at the 28th floor. With 710 rental units, Square Station will top out at 34 stories.

The parking garage has been going vertical between the two buildings since we last looked in April. 

Construction on Square Station began in October 2016.

Previous construction photos of Square Station can be viewed here.