• Icon South Beach #2206 - $1.275M

    Icon South Beach #2206 - $1.275M

  • Faena House - Miami Beach

    Faena House - Miami Beach

  • One Ocean - Miami Beach

    One Ocean - Miami Beach

Swire announces plans for 700 Brickell

Press Release | Miami | Swire Properties

"Swire Properties Inc, one of South Florida's leading international developers of urban real estate, today announced it is planning to add a new mixed-use tower to its Brickell CityCentre project at the recently purchased site at 700 Brickell Avenue.

Named One Brickell CityCentre, the proposed 80-story tower will be designed by Arquitectonica. As one of the tallest buildings in Florida, One Brickell CityCentre will include retail, Class-A offices, condominiums, and hotel capped by signature restaurant and lounge. The plan envisions grand plazas and retail shops connected to Brickell CityCentre's phase one, now under construction, and covered by the Climate Ribbon®, an elevated climate control trellis and architectural statement that unifies the project. One Brickell CityCentre will be the gateway to the overall development, creating a front door to internationally renowned Brickell Avenue. Swire Properties Inc. intends to work with the City of Miami to have One Brickell CityCentre approved as an extension of the existing Special Area Plan.

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Versace Mansion Sold!

Following a marketing campaign and unsuccessful effort by the Jills to sell the property at a level over $100M, the Versace Mansion has sold at auction for $41.5 million.  Having previously purchased the note for the property, the winning bidder, The Nakash family of Jordache jeans, is quite familiar with the property.  With this purchase they hope to convert the Mediterranean-style estate into a hotel operating under the Versace name, that is, if they are able to gain licensing approval from Versace.  Joe Nakash told reporters they have no plans for drastic change at the property, ruling out a tear-down or massive renovation.

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All Aboard Florida: More Plans Revealed

All Aboard Florida released more details of their vision to connect Orlando to Miami with passenger rail service.  In addition to connecting Miami, Fort Lauderdale, West Palm Beach and Orlando, the plan calls for the development of real estate along the 235 mile route.  Overall spending by All Aboard Florida on the project is projected at $2.4 billion, which includes about $320 million to be spent on real estate development alone.  The commercial development is expected to include retail and office space as well as residences and entertainment venues.  

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Centro Condo sold 220 of 352 Units

As the first condominium to be introducted in Miami's central business district since the last real estate cycle, Centro Condominium has sold more than 220 units in less than four months of its marketing launch. The developer of Centro, Newgard Development Group made an unproven bet on this 352-unit loft-style condo tower set to rise at 151 SE 1st Street.  The gamble is paying off as reservations convert to contracts and construction plans are finalized.

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