One Unit Sold Every Other Day at Brickell City Centre
by Sep Niakan | September 14, 2015
One unit was sold every two days by Swire since the beginning of sales for Rise and Reach at Brickell City Centre. They sold a total of 78 condos in the Reach tower and Rise tower, in about 150 days between March and August.
Swire Properties, developers for the megaproject, has sold condo units for the past five months and will begin closings on those units at the end of the year.
Of the 390 units at Reach, they have sold 317 units averaging in the mid $600 range per square-foot. Of 390 units at Rise, 129 have been sold in the upper $600 range per square-foot.
The developer mentioned they will begin to see a profit from sales at the end of 2015 when closings begin. In addition, they hope the East hotel will open its doors by the end of the year.
Photo credit: thenextmiami.com
by Sep Niakan | November 29, 2016
This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...
by Sep Niakan | November 24, 2016
Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...
by Sep Niakan | November 22, 2016
It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...
by Sep Niakan | October 31, 2016
From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...