Work Begins on Miami’s Tallest Condo
- Jan 16, 2017
Miami—Work has started on the vertical structure of downtown Miami’s tallest condo project, Brickell Flatiron. When the development by CMC Group reaches full height, it will rise 736 feet above street level (64 stories) and include 549 units.
In fact, the building will among the tallest residential towers in the United States upon its completion in 2019 (432 Park Ave in New York, at 1.396 feet, is the tallest). Brickell Flatiron was designed by architect Luis Revuelta and interior architect Massimo Iosa Ghini of Italy’s Iosa Ghini Associati.
Units will range from one to five bedrooms, with a number of penthouse and duplex residences available, measuring up to 6,246 square feet. All units will including Italian-made custom cabinets, stainless steel appliances, Italian marble floors, high ceilings with recessed lighting, energy-efficient windows, and glass balcony railings. Unit prices range from $465,000 to $2.5 million, with penthouses priced up to $15.5 million.
Common amenities will include a resort-style lap pool and children’s pool on the 18th floor, access to the Flatiron Theater with stadium seating, a meeting room, a billiard and cigar room, a wine cellar, a 24-hour concierge and parking valet, on-site vehicle washing and detailing, and electric car-charging stations.
The building’s 64th-floor rooftop Sky Spa, Sky Pool and Sky Gym will offer residents 360-degree panoramic views of Biscayne Bay and downtown Miami. Residents will have access to various therapeutic services and other offerings including private steam, sauna and locker facilities, and a 6,300 square foot fitness center with Pilates, yoga and aerobics studios.
Though the state of the Miami condo market of 2019 is impossible to predict, in the more immediate future, condos seem to be headed for a rough patch. For one thing, supply is set to grow vastly in the next few years. According to StatFunding, 4,525 units were completed in Miami-Dade over the last four years, while over the next two years, more than 10,000 will be.
Meanwhile, demand seems to be slipping. StatFunding also reported recently that Miami-Dade condo sales were down 30 percent in October 2016 versus a year earlier.