444 Brickell Acquired by Related Group for $100M
Nov 21, 2013 November 21, 2013
Jorge Perez's The Related Group has 444 Brickell Ave., home to Capital Grille, and the adjacent waterfront parcel that houses a federal agency under contract for about $100 million, according to several sources.
The four-acre site includes the offices of the U.S. Citizenship and Immigration Services, which is adjacent to 444 Brickell. The combined site is located on the Miami River, making it one of the most highly sought after properties in one of South Florida's hottest real estate sub-markets.
Although people in the real estate community know the 444 Brickell parcel and the adjacent parcel are one site, the four-acres have two separate addresses: 444 Brickell and 77 SE Fifth St.
It's no surprise Related would be the buyer because it built the 1,800-unit condo Icon Brickell directly to the east and across Brickell Avenue. Related is also the most prolific developer in the Brickell area, with several projects under construction or in the planning stages, including the SLS hotel and condo project.
The 444 Brickell deal is the second high-profile Brickell Avenue property to trade hands in the last four months, with Swire paying more than $64 million over the summer for 700 Brickell. Swire, which is building Brickell CityCentre, plans a high-rise tower for the 700 Brickell site.
Related provided no comment for this story.
Observers say that Related would build condos on the site, but a hotel component might also be in the plans, considering its other recent projects.
Source: nbcmiami.com
Share your thoughts with us
Your Miami Condo Awaits
Recent Posts
Real Estate News September 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Developers of the boutique Salato Residences announced that they were closer to breaking ground after securing a $74 million construction loan. Two condo projects, Glass House in Boca Raton and the condo-hotel joint venture between Related and BH Group in Pompano Beach, secured key approvals this month. Additionally, developers broke ground on Phase Two of Delray Beach’s mixed-use Atlantic Crossing. Read on to discover the latest design and interior details of Hollywood Beach's Icon Residences, along with other updates in our September 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach: Broke Ground Atlantic Crossing – Delray Beach Approved Glass House – Boca Raton Related & BH’s Oceanfront Condo-hotel – Pompano Beach Planned/Proposed 500-unit Residential Project – Fort Lauderdale 18-story Luxury Condo – West Palm Beach Other Updates Salato Residences – Pompano Beach Icon Beach Residences – Hollywood Beach — Fort...
Events Top 5 Halloween Events in Miami in 2024 You Can’t Miss
Miami is known for its vibrant nightlife, gorgeous beaches, and diverse cultural scene. However, come October, the city transforms into a spooky wonderland filled with exciting activities for Halloween lovers of all ages. Whether you’re looking to get active, party in style, or enjoy family-friendly events, Miami has something for everyone. Here’s a look at five must-attend Halloween events in Miami 2024 that will make your bone-chilling, spine-tingling season unforgettable. 1. Halloween Half Marathon | South Beach For those who like to stay active while celebrating Halloween, the Miami Beach Halloween Half Marathon & Freaky 4-Miler is the perfect way to combine fitness with festive fun, with your costume if you dare! Taking place on Saturday, October 26, 2024, starting at 6:30 a.m., this race encourages runners to do their best Halloween costumes as they make their way through the scenic route along Miami Beach. The race offers both half-marathon (13.1 miles) and 4-mile...
Real Estate News All of the New Miami Condo Developments: Your Complete Guide
It’s a trend we’ve been talking about since the last quarter of 2020—waves of domestic and foreign buyers are contributing to one of the biggest real estate booms in Miami's history. As individuals and businesses escape high-tax states like New York and California, and opt to work from any location, luxury condo developers have filled Miami with stunning new proposals. In recent years, developers have announced and relaunched more than 100 new condo projects and there are more pouring in each month. To appeal to a wide range of new residents, each new project aims to be taller, more luxurious, and offer the most exciting set of amenities imaginable. Together, these new condo developments will bring more than 10,000 residential units to Miami over the next few years. With the real estate market in Miami in one of its most lucrative cycles yet, here’s an ongoing list of the latest condo projects proposed in Miami. Table of Contents New Miami Condo Developments New Edgewater,...
Video Blog Video: Edgewater, Miami’s Most Luxurious Condos
Edgewater, Miami, has undergone a dramatic transformation in recent years. Once a quiet, overlooked neighborhood, it has turned into a highly sought-after haven for luxury waterfront living. This is a testament to its prime waterfront location, with easy proximity to Downtown Miami, Brickell, and South Beach, stunning views, and the development of world-class condo buildings. In our latest video, Sep Niakan, founding broker of Blackbook Properties & condoblackbook.com and veteran Miami real estate agent, introduces you to the five most luxurious condo buildings in Edgewater, Miami. These addresses guarantee stunning views, high-end interiors, spacious floor plans, and top-notch amenities – all worthy of becoming your next home. Take a look! These are the condo buildings that make up our insider review of the top five of the best condos in Edgewater, Miami: 5. Biscayne Beach Built in 2016, Biscayne Beach was a pioneer in offering an exclusive members-only beach club. This...
Real Estate News The Most Luxurious North Beach Condos
Luxury means different things to different people, but high-end living usually demands high-end prices. To help you gauge which are the most luxurious North Beach condos, we’ve ranked the top five best buildings in this Miami Beach neighborhood (based on average price per square foot at the time of publishing). This blog will give you our Insider review of the best buildings to live in here, and the kind of lifestyle you can expect to find if you’re interested in experiencing North Beach’s unique flavor of leisurely condo living. — Why Choose North Beach in Miami Beach? North Beach is best known for its family-friendly vibe and its intimate location between the world-renowned South Beach and high-end shopping and more upscale living in Bal Harbour. Typically North Beach is considered to start at 63rd Street and goes up to 87th Terrace. Historically, this has been the sleepy cousin to South Beach and Mid Beach, but recently North Beach has been going through a renaissance with...
Preconstruction What is TCO in Construction & Why Does It Matter to Miami Condo Buyers?
So you’re thinking about buying a new construction condo, or have already purchased one during the preconstruction phase… the biggest question on your mind is: When can I move in? Well this blog will help you answer exactly that question and explain what this key milestone is for any new construction. When any new construction project in receives its Temporary Certificate of Occupancy in Florida, or TCO as it is popularly known, it marks a significant moment in its journey to completion, but an even more significant one if it’s a pre-construction condo. For buyers, this means your new residence is legally approved and safe to move into, with only minor construction work pending. Of course, to do that, it also means that your developer now has permission to close on the units, so you will need to have the rest of your purchase funds ready to take possession of your residence. While this only scratches the surface, in this article we’ll dive deeper into some of the commonly asked...
(305) 697-7667
(786) 321-7233 
contact@condoblackbook.com
