Miami Condo Market and Lifestyle Updates
Retail Space in Brickell Heights Sells for Over $800 per Square-Foot

Retail Space in Brickell Heights Sells for Over $800 per Square-Foot

by Sep Niakan | September 24, 2014

The Related Group and Crescent Heights have a deal to sell almost 30,000 square-feet of space for retail use in the Brickell Heights project on South Miami Avenue.

Two separate buyers are purchasing the space.

One buyer is an investor from New York who has contracted to buy over 21,000 square-feet of space for $17.5 million, which is over $800 per square-foot. Most of the space is on the second floor of Brickell Heights, with only 9,800 square-feet on the first floor.

The second buyer is a group of South American investors who are paying $5.4 million for a little over 8,000 square-feet of space on the first floor, which is almost $700 per square-foot.

The purchasing parties will not close the deals until construction finishes in the end of 2016.

 

Source: exmiami.org

Photo credit: Brickell Heights  exmiami.org,

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...

Lifestyle

Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...

Real Estate News

Luxury Miami Condo Report : April 2017

by Sep Niakan | May 18, 2017

Miami Luxury Condo Report Overall Market Summary   City and Neighborhood Luxury Condo Reports   Miami Beach Luxury Condo Report South Beach Luxury Condo Report Mid-Beach Luxury Condo Report   Surfside Luxury...