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Old October 21st, 2011, 07:26 PM   #1
desertpunk
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MIAMI | Brickell House | 158m | 524ft | 46 fl | Com

Miami is heating up again!



Miami BrickellHouse

Location: 1300 brickell Bay Dr.

Developer: Newguard Development

Architect: Arquitectonica

Type: Residential condos

Units: 374

Height: 500ft (approx)

Floor count: 46

Start contruction: Q2 2012

End construction: N/A


Quote:
Originally Posted by miami1 View Post


By TOLUSE OLORUNNIPA

[email protected]


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 Zalewski, of Bal Harbour-based CondoVultures, 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.


Read more: http://www.miamiherald.com/2011/10/1...#ixzz1b5kYYZ00
Construction is set to begin in Q2 2012.
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Old October 21st, 2011, 08:39 PM   #2
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Our forumer Miami 1 has some additional details for this new development:

Quote:
Originally Posted by miami1 View Post


From this rendering looks like Brickell House will be taller than Jade...



This is the actual location of the future Brickell House
More renders and details as they come!
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Old October 27th, 2011, 04:45 AM   #3
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Here's a larger version of the first render:

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Old October 29th, 2011, 08:17 AM   #4
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Here we go.
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Old October 29th, 2011, 08:34 AM   #5
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It's ok. Miami deserves better.
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Old November 10th, 2011, 11:49 PM   #6
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TRD

Quote:
Miami's BrickellHouse condo launches
November 08, 2011


BrickellHouse

Newgard Development's BrickellHouse has officially launched, with the $170 million project at 1300 Brickell Bay Drive set for a groundbreaking in the second quarter of 2012. The project includes street-level office, restaurant and retail space, with the Meat Market Steakhouse signed on as a tenant, the eatery's second location in the Miami area following the opening of its flagship space in Miami Beach. The 374-unit development has signed on Cervera Real Estate as its brokerage. "The BrickellHouse launch comes just as the availability of premium residential product expires and savvy buyers are looking to make their next move," said Alicia Cervera Lamadrid, the managing partner of Cervera Real Estate. -- Alexander Britell
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Old November 12th, 2011, 05:12 PM   #7
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How has nobody yet said 'She's a Brick-ell...House'?
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Old November 30th, 2011, 11:53 PM   #8
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TRD SoFlo

Quote:
Q & A with Harvey Hernandez, developer of Miami's BrickellHouse
The Newgard head talks about the start of Miami’s next condo wave
November 29, 2011 11:15AM


BrickellHouse

At the beginning of the month, Newgard Development launched sales at BrickellHouse, a 374-unit condominium tower that is, along with Related's MyBrickell, part of a fledgling wave of new development in Miami. Newgard has developed several projects across Miami, including the Gallery Art condo in downtown Miami and the Villa Calabria and Gables View condo projects in Coral Gables. The Real Deal talked to Newgard President Harvey Hernandez about the new project, which will be located at 1300 Brickell Bay Drive, its financing and the ever-expanding influence of Latin American buyers.

What motivated the BrickellHouse project?

We've been very fortunate [in the city of Miami] to have moved all this [residential] inventory as quickly as we have, which almost created a new need for inventory to come online. We wanted to create a project that could be presented as forward thinking and [more] desirable than the buyers have now. Buyers are requiring a lot more sophistication, better buildings, and better amenities, and that's what we've created in BrickellHouse.

Last month, Related CEO Jorge Perez told us that Latin Americans essentially "saved" Miami's market. What do you think about that and how much of a role did Latin Americans play in your decision to launch now?

Latin Americans have come over here and found tremendous value, and they compared us to other economies, including their own, and could not believe it. We are selling so far below what other markets are selling, including in South America, that for them, [these prices] are a gift. They also have a love affair with our city. I think they have been responsible for all this shortage of inventory that we have seen.

How did you finance BrickellHouse?

We're basically self-financed for now. That doesn't mean we will change later. But our business plan doesn't require any financing. But remember, we are in a market that is changing on an almost weekly basis.

It seems Latin American buyers have also impacted the market by paying installments for residential units over the course of the building's construction. Is that happening at your project?

We're a lot more conservative than ever before. Basically, in order for a buyer to buy in our building, they will have to come in with 70 percent of the purchase price in different installments. What makes it interesting is that the buyer will basically pay as we progress in construction, so it's very safe [for us] -- and it allows the buyer to plan their cash flow.

Do you see that becoming more popular among developers in Miami?

It's a strategy that's more common in Latin America, and also in Europe and Canada. It's going to be more prevalent for sure. Until you are able to build like we were building [developers'] banks will start requesting a lot more cash from the buyers.

When do you hope to break ground?

Our biggest challenge right now is getting off the ground. We want to be building in the next six months.


[...]
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Old February 16th, 2012, 11:16 PM   #9
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50% Sold

Quote:
BrickellHouse, one of Miami’s new construction residential developments, has sold 50 percent of its 374 units since launching in late 2011, the project announced. The majority of buyers have come from Europe, Canada and Latin America — led by Venezuelan buyers. “The fact that BrickellHouse has reached the 50 percent sales mark in just four months is further proof that Miami’s condo market is back,” said Alicia Cervera Lamadrid, managing director of Cervera Real Estate, which is handling sales at the project. There are 22 newly-announced projects in South Florida, with more than 4,000 units projected to be built.
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Old March 14th, 2013, 06:58 PM   #10
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Well underway now:


http://miami.curbed.com/archives/201...2ea1017e01404e
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Old March 27th, 2013, 03:01 AM   #11
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http://metroatlantic.org/2013/03/04/...te-march-2013/
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Old May 6th, 2013, 11:31 PM   #12
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BrickellHouse Gains Height, Starts Looking Tower-ish





http://exmiami.org/index.php/brickel...-construction/
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Old May 10th, 2013, 08:53 PM   #13
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You can be really funny sometimes, DP! Here's my contribution. You gotta love the angle of Jade on Brickell Bay across the street.

image hosted on flickr

DSC_0034 by QuantumX, on Flickr
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Old May 10th, 2013, 09:44 PM   #14
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finally a new Tower 4 Miami, hoping it will have big effect on the skyline
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Old May 12th, 2013, 06:20 AM   #15
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Quote:
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finally a new Tower 4 Miami, hoping it will have big effect on the skyline
This is just one of many. Brickell CityCentre is already under construction for a year now.
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Old May 12th, 2013, 10:00 AM   #16
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Quote:
Originally Posted by QuantumX View Post
You can be really funny sometimes, DP! Here's my contribution. You gotta love the angle of Jade on Brickell Bay across the street.
At least you won't have that tower straight in front of your window.
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Old May 31st, 2013, 01:52 AM   #17
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May 20:


http://www.faustocommercial.com/blog...e-summer-2013/
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Old August 5th, 2013, 07:53 AM   #18
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Quote:
Originally Posted by QuantumX View Post
You can be really funny sometimes, DP! Here's my contribution. You gotta love the angle of Jade on Brickell Bay across the street.

image hosted on flickr

DSC_0034 by QuantumX, on Flickr
I love updating this project from this vantage point! I love seeing the two towers together like this. I made sure I left home early enough this time to get good lighting, even though it was 94 degrees outside. That is what has kept me from going earlier before.

image hosted on flickr

CSC_0341 by QuantumX, on Flickr
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Old August 25th, 2013, 12:44 AM   #19
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image hosted on flickr

CSC_0473 by QuantumX, on Flickr

image hosted on flickr

DSC_0539 by QuantumX, on Flickr

image hosted on flickr

DSC_0541 by QuantumX, on Flickr

image hosted on flickr

DSC_0499 by QuantumX, on Flickr

image hosted on flickr


image hosted on flickr

CSC_0736 by QuantumX, on Flickr

image hosted on flickr

DSC_0542 by QuantumX, on Flickr

image hosted on flickr

CSC_0718 by QuantumX, on Flickr
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Old September 6th, 2013, 11:57 PM   #20
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image hosted on flickr

CSC_0717 by QuantumX, on Flickr

image hosted on flickr

DSC_0817 by QuantumX, on Flickr

image hosted on flickr

DSC_0818 by QuantumX, on Flickr
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