BrickellHouse Condo Development Complete, Units Sold Out
- Oct 24, 2014
BrickellHouse, Newgard Development Group’s brand new$190 million, 374-unit luxury condo tower is now completely sold out and has officially received its temporary certificate of occupancy. The developers started sales in October 2011.
Located in downtown Miami’s Brickell Financial District, the 46-story BrickellHouse tower is the first residential high-rise to launch sales following the 2008 economic downturn. Units range in size from studios and one to three bedrooms to penthouses that reach 7,000 square feet. The development features expansive bay, ocean and skyline views as well as state of the art amenities including a rooftop pool deck, health spa and fitness center, completed with a fully-automated robotic parking garage system.
“We believed there was a strong demand for new luxury product in Miami’s urban core and when we sold 90 percent of our units in just a few months, we confirmed it,” said developer Harvey Hernandez, chairman and managing director of Newgard Development Group.
The company recently joined forces with Midgard Management Company to carry out another major project in downtown Miami, the redevelopment of Morris Lapidus’s One Flagler Building, converting it into a boutique office condominium. The partnership is investing $10 million in renovations that include the addition of new office suites and the complete redesign of all common areas and amenities.
“We are continuing to stay ahead of the curve with One Flagler, the first new-to-market office condominium since the downturn,” Hernandez added.
Newgard is also underway with the 352-unit Centro condominium, another project in Miami’s downtown area. It will feature loft-style units, contemporary designs by celebrity designer and social entrepreneur Yves Béhar and a partnership with the Car2Go vehicle-sharing program.
BrickellHouse unit owners are expected to begin moving in starting this November.
Photo credits: Newgard Development Group