Design Revealed for CMC’s New Miami Luxury Tower
- Mar 25, 2016
Miami—Another luxury skyscraper recently broke ground in Miami, marking the start of development on what’s expected to be the last condo tower to rise in the Brickell neighborhood this cycle, according to a Miami Downtown Development Authority report. Named Brickell Flatiron, the 64-story tower is being developed by Ugo Colombo, a well-known developer who had a significant role in jump-starting luxury development in Miami.
Dating back to 1993, Colombo’s CMC Group began developing Bristol Tower, followed by the launch of Santa Maria in 1996, a 52-story tower that helped shape the Brickell skyline and contributed to Miami’s reputation as one of the top global luxury markets. Heading into the 2000s, Colombo completed three more condo developments: Porto Vita in 2004, Grovenor House in 2005 and EPIC Hotel & Residences in 2008.
His latest project will definitely make its mark as well, rising 763 feet and delivering 549 luxury units to become one of the tallest all-residential developments in the country.
“Brickell Flatiron’s height will add another iconic element to Miami’s skyline, but the project also represents a bookend to a 20-year era that dates back to 1996,” said Colombo. “Since we built Santa Maria, Brickell has emerged as one of the most desirable neighborhoods in the world—a cosmopolitan district that embodies the urban Miami lifestyle. Our firm ushered in that brand with Santa Maria and we’re perfecting it with Brickell Flatiron.”
Located at 1001 South Miami Ave., Brickell Flatiron broke ground last week and Italian interior architect Massimo Iosa Ghini has just released interior renderings to give a sneak preview of what we can expect at the property. Other collaborators on the project include architect Luis Revuelta and artist Julian Schnabel, who’ll be designing exclusive artwork for the building’s public spaces.
Amenities will abound in the building as well, with its key features including a Sky Spa and pool deck on the penthouse level, offering 360-degree views of downtown Miami and Biscayne Bay.
“We’re opening up Brickell Flatiron’s best views and prime public space to all of our residents. We could have sold our penthouse for top-dollar, but instead we’ve made a design choice that will create added value for buyers over time,” Colombo said. “Many competing buildings have impressive amenities, but Brickell Flatiron is the only tower with a sky spa. That feature will set our units apart today and in 10 or 20 years.”
These top-line amenities do seem to pay off, with the 20-year-old Santa Maria achieving unit selling prices at an average of $857 per square foot, which is more than 20 percent higher than the pre-construction prices for the units at comparable buildings in the pipeline, according to CMC Group’s release.
Other amenities will include a 24-hour concierge and valet, onsite vehicle washing and detailing, electric car charging stations, access to the Flatiron Theater with stadium seating, a billiard and cigar room, a wine cellar, a children’s playroom and a outdoor lap pool. Residents will also have access to ground-floor retail, a lobby lounge and the city’s retail and entertainment offerings, including the AmericanAirlines Arena, Perez Art Museum Miami and Frost Museum of Science.
When it comes to the units themselves, Italian-made custom cabinets, Italian marble floors, high ceilings and glass balcony railings are some of the features. Residents can choose from one- to five-bedroom units, with a limited selection of penthouse and duplex residences offering up to 6,220 square feet. Unit prices range from $465,000 to $2.5 million for tower residences and $2.5 million to $14 million for penthouses and duplexes.
Construction is expected to be complete in 2019 and preconstruction sales are underway. Cervera Real Estate is managing sales for the property, which already has more than half of the units sold to buyers from more than 10 countries.
Photos courtesy of World Red Eye, renderings courtesy of CMC Group