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May. 9, 2014

Le Parc at Brickell Condo Developers Close on $19M Loan

By Balazs Szekely, Associate Editor

A joint venture between ALTA Developers and Strategic Properties Group broke ground last month on Le Parc at Brickell, a 12-story, 128-unit luxury condominium located at 1600 SW 1st Avenue  in Miami’s upscale Brickell Financial District. The companies have released a publication  announcing the closing of a $19 million construction loan from Banco de Crédito e Inversiones Miami Branch.

ALTA Developers is a collaboration between Aconcagua, a publicly traded Chilean residential development firm involved in over 100 developments throughout Chile and Miami, and Archiplan USA,  a South Florida development company with major projects such as Metropolis at Dadeland, Quantum on the Bay and 900 Biscayne Bay on its list of previous projects. Strategic Properties Group is also a well-recognized South Florida development firm that has successfully completed several mixed-use projects throughout South Florida since 1995 such as the Vue at Brickell, Summit Brickell, and 610 Clematis.

Slated for completion late 2015, Le Parc at Brickell is located in the city’s urban core just blocks away from Brickell Avenue. Designed by Revuelta Architecture International, the eco-friendly boutique development will include several floor plans ranging from 545 to 2,198 square feet in size, with one to three bedrooms.  Numerous studio units and nine two-story townhomes will be available upon completion. The move-in ready luxury residences will offer views of Simpson Park and Biscayne Bay, as well as the Downtown Miami and Brickell skyline. The units will also feature 6-foot-deep private terraces with glass railings. The building’s common area interior designs and furnishings will be inspired by Ligne Roset, a French family-run luxury modern furniture manufacturer active since 1860. Le Parc at Brickell will be the luxury furniture designer’s first project in the United States. Buyers will have the option to order Ligne Roset’s custom-designed Turn-Key Furniture Lifestyle Packages for their residences.

Preconstruction condos range from the low $300,000s to the mid $700,000s.

Photo credits: ALTA-Strategic

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