888 Brickell By Dolce & Gabbana Releases New Renderings And Details Of Their New Supertall Tower Posted on March 27, 2024March 28, 2024 by Sarah Elles Boggs After garnering approval from the FAA to built to a staggering height of 1,049 feet above Brickell Avenue, JDS Development and Dolce & Gabbana have released new details on their first real estate project in the United States. A Unique Condo Hotel Offering 888 Brickell by Dolce & Gabbana is not only the first collaboration between JDS and the eponymous fashion house, it is also the first tower of flexible condo/hotel residences that can be simultaneously rented and enjoyed by the owners. Not to be confused with a typical condo/hotel which allows owners to participate in a hotel program when not in use by the owners themselves, owners at 888 Brickell can actually transform their residences into hotel rooms as well as a hotel suite. This Grand Private Residence allows for a minimum of two ensuite bedrooms plus a powder room as well as a great room with access to a large loggia with an outdoor kitchen. The secondary bedrooms are able to transform into standalone hotel rooms when needed through exterior doors to a private foyer, and the separate primary bedroom combined with the great room operating as either a residence or a hotel suite. Through a statement Alfonso Dolce, CEO at Dolce & Gabbana said, “After the launch of our Casa Collection in 2021, it was natural to follow with a hotel and residential strategy ensuring the very best of Italian hospitality. For us, the cultural vibrancy of Miami is the perfect backdrop for our world debut in the real estate sector with ‘fatto a mano’ (handmade) craftsmanship at its heart. The project will embody the very essence of the Dolce&Gabbana universe – a luxurious, timeless design experience.” Rendering of 888 Brickell by Dolce & Gabbana Lounge Bar The Design As the project moves through the planning phase, we are also learning more about the interior design concept and amenities that are coming to fruition. Michael Stern’s JDS Development Team has chosen Milan’s M2Atelier Studio to harness the ideas from Domenico Dolce and Stefano Gabbana for the interiors and bring them to life. Their bespoke minimalist style has traveled from Milan throughout the world on some of the most prestigious yachts and into high-design buildings through architecture, design and even furniture design. With sumptuous palettes of black marble and bookmatched burgandy marble under dramatic handmade Venetian chandeliers, the interior design is expected to fully embody the couture brand for an elevated experience throughout the lavish project. The fashion house’s signature leopard print is worked into the design through glamorous textiles and custom-made furniture. Rendering of 888 Brickell by Dolce & Gabbana Lounge The Amenities Within the new super-tall tower, the ample list of amenity offerings begins with a host of private food and beverage options. Residents and guests of 888 Brickell by Dolce & Gabbana will enjoy a total of six food and beverage outlets. These include a signature restaurant on the ground level, two bars in the expansive grand lobby, the 888 Pool Club restaurant and bar is inviting for day-to-night alfresco dining with a gelateria and a palette of rich green terrazzo and green and white striped lounge chairs. For more private gatherings, there will be a demo kitchen and private dining. Wellness amenities will be equally thorough with a fitness center, golf simulator, 44′ lap pool as well as yoga and pilates studios. A recovery spa will be a welcome oasis of serenity in the city with a thoughtfully curated menu of massages and spa therapies that include facials, IV therapy, thermal circuits, a juice bar and a barber shop. Lounging amenities are also included in the form of a private theater/screening room, lounge, billiard’s room, a children’s playroom, and a comprehensive business center. Rendering of 888 Brickell by Dolce & Gabbana Lobby Developer Michael Stern, Founder and CEO of JDS Development said, “The global real estate spotlight is shining on Miami and Brickell, in particular due to many prominent businesses relocating to the area. This extraordinary, branded condo hotel for Miami will ensure that the demand for world leading, design led spaces with unparalleled views can be fulfilled; we are extremely proud to launch the collaboration with Dolce&Gabbana in this iconic tower. The fashion house’s pursuit of quality and detail in design — together with their ability to create a beautiful world of authentic lifestyle filled with incredible hospitality — guarantees we are embarking on a successful, creative journey for our future visitors, guests, and residents alike.” The groundbreaking of 888 Brickell by Dolce and Gabbana has not yet been announced, construction is currently underway at their exclusive preview gallery nearby. Residences at 888 Brickell by Dolce & Gabbana are slated to range from one to four bedrooms and Tier 1 (friends and family) prices are set to range from $1.6 million to $11 million. Penthouse prices and details have not yet been released. If you are interested in a private presentation and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: Recent Spaces for Dolce & Gabbana/JDS Rendering of 888 Brickell by Dolce & Gabbana
Related Group Launches Viceroy Brickell | Luxury Condos From The $600’s Posted on March 14, 2024March 19, 2024 by Sarah Elles Boggs The Related Group and Viceroy Hotel and Residences are doing it again. After an incredibly successful partnership with the third tower of Icon Brickell, they are joining forces once again on The Viceroy Brickell at 77 SE 5th Street. The new project, which is in the same complex with Baccarat Residences Brickell, is located in the heart of the Brickell Financial District along the Miami River and Brickell Avenue. Viceroy Brickell is currently under construction, having received their construction financing in the beginning of 2023. As of today, the construction has progressed to the 14th floor of what will be 45 stories. When the project is completed in 2026, it will bring 498 new residences to the Brickell area ranging from studios to two bedrooms. Viceroy Brickell Construction Progress March 2024 While the project will be managed by Viceroy Hotel and Residences, there is no condo/hotel program. The units are meant to be purely residential in nature with a minimum rental duration of 30-days (12 rental contracts per year maximum). Viceroy Brickell Finishes and Layouts With sales launching in the coming weeks, the designs have been carefully sourced for over a year prior. The tower itself is designed by Arquitectonica, who will also be designing the neighboring Baccarat Residences Brickell in a complimentary style. The interiors are being designed by the famed Meyer Davis from New York. Their seamless designs blend space, form, textures and light, leaving an inspiring and inviting ambiance. You can find examples of this style in the 1 Hotel in South Beach and Mr. C Residences in Coconut Grove. Viceroy Brickell will be delivering fully finished residences with matte-finish Italian porcelain floors and Italian cabinetry by Italkraft. The kitchens will also offer appliance packages by Bosch and Fisher & Paykel. Pre-Launch Sales Information Sales of the residences will commence with a brief reservation period in coming weeks. This is a unique time when you can reserve the size of residence you would like and lock in your price. The contracts will be delivered a short time after the reservations launch, which allows time to learn more about the project. In order to ensure the lowest price, we advise buyers to participate in the reservation stage as you are able to hold the initial pricing. Once the contracts are delivered, the pricing always increases. In the current pre-release time, prices for Viceroy Brickell begin in the $600’s. If you are interested in more specifics on Viceroy Brickell or the timelines, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: Related Group
The Residences At 1428 Brickell Is Over 40% Sold, Lands $104 Million Construction Financing Posted on March 12, 2024March 13, 2024 by Sarah Elles Boggs The Residences at 1428 Brickell has hit two major milestones on the lead-up to groundbreaking. This week it was announced that developer YTech has secured $104 million in construction financing for the project just as the sales team has announced that over 40% of the 189 planned residences have sold. Ytech has had an incredibly busy year with the project. Sales were launched in January of 2023, marking just over 1 year to sell almost half of the project. This is an astounding rate of absorption for preconstruction residences that begin at $2.4 million up to $7 million. The construction site at 1428 Brickell is currently in the demolition phase of the previous structure. We have not yet learned when the groundbreaking date could be, but we know that it will be soon. This groundbreaking date is date is contingent upon the clearing of the build site with new, more stringent demolition processes in the urban core. Entering into the summer of 2023, YTech surprised the market by unveiling an opulent $20 million sales gallery that pays homage to Brickell’s rich history, yet with an interior that fully immerses prospective buyers into the future that 1428 Brickell will offer. 1428 Brickell Sales Gallery Sample Kitchen Layout Inside the sales gallery, buyers are met with an illuminated and suspended scale model of the neighborhood as well as full-scale buildout of a residence as they will be upon completion. An LED display is also able to demonstrate the views from the different points in the 861-foot 70-story tower. “We continue to successfully hit our targets in sales, finance, and construction for this project, surpassing 40% in sales within a year, securing $104 million in financing, and commencing the demolition process,” Yamal Yidios, CEO of Ytech said in a release. “As we approach groundbreaking, we are determined to deliver the highest-quality project in Brickell.” Construction Financing The receipt of construction financing is always a large stepping stone in the process of developing new towers. Not only does it offer the capital necessary to complete the project prior to closings beginning, but it is also a testament to the strength of the project itself from a business standpoint. Before offering construction loans, banks review the previous track record of the developers, their plans for the project and the sales that have occurred in the pre-construction phase. No page is left unturned in this underwriting process and construction loans are among the most difficult loan types to obtain. In the case of 1428 Brickell, the financing includes a $78 million refinance of the build site itself, given by Linkvest Capital. This replaced a $20 million mortgage that was used to secure the site when the project was in its conceptual phase. An additional $26 million mortgage was issued by Banesco for the historic properties at neighboring 1500 and 1548 Brickell Avenue. 1548 Brickell is the newly-restored home of Major Food Group’s Chateau ZZ Restaurant and you will find the $20 million sales gallery for The Residences at 1428 Brickell in the historic home that is located at 1548 Brickell. Rendering of The Residences at 1428 Brickell About The Residences at 1428 Brickell Even in a seemingly-saturated market of lovely new condo residences, 1428 Brickell is a standout on many levels. This is the first project in Miami to put the sunshine to work with over 20,000 square feet of photovoltaic glass along the western backbone of the tower. These panels will absorb the sunlight for use as energy in the tower. Inside the project, developers have laid out over 80,000 square feet of amenity space that includes a 10,000 square foot gym, a rooftop pool and spa, and a two-story wine and fine art lounge. The residences themselves are laid out in a way that embraces the location in Miami’s Financial District to maximize the views and usability of the layouts. This combination of maximizing the space and location to allow estate-style living in the heart of the city and still maintaining favorable pricing without sacrificing quality or luxury is a delicate dance that Ytech has mastered beautifully. Prices range from $2.4 million for a two-bedroom plus den, to four-bedrooms plus den ranging from $5.5 million to $7 million. Lower penthouses start at $8 million with the spectacular $60 million penthouse that has 30-foot ceilings and unparalleled views and a private rooftop pool. The Residences at 1428 Brickell is slated for completion in 2027. For more information, please download the fact sheet and floor plans here: 1428 Brickell Fact Sheet 1428 Brickell Floor Plans If you are interested in a private presentation of The Residences at 1428 Brickell with current availability and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: YTech Development
MAST Capital Hosts Groundbreaking And Receives Record-Setting $600M Construction Loan For Cipriani Residences Miami Posted on February 11, 2024February 19, 2024 by Sarah Elles Boggs Just in time for the much anticipated groundbreaking of Cipriani Residences Miami, MAST Capital has received a record-setting $600 Million in construction financing to build the luxury tower. This marks the largest construction loan on record in the Miami area. The Coconut Grove-based developer, MAST Capital, partnered with Italy’s Cipriani family to bring Cipriani Residences into Miami’s Brickell Financial District. Sales of the 80-story ultra-luxury tower launched in 2022 with prices from $1.7 million and penthouses priced starting at $17 million. As of today, over half of the 397 residences have sold. Rendering of Cipriani Residences Miami Lobby The issuance of such a large construction loan is a testament to the strength of the project as construction financing is notoriously difficult to obtain. Banks will consider the portfolio of successful projects by the developer with the specs and plans of the new building and pre-sales history with cash deposits. MAST Capital is no stranger to successful projects in South Florida with a portfolio that includes The Perigon on Miami Beach’s Millionaire’s Row in the works and South of Fifth’s Louver House that opened in 2017. Cipriani is a worldwide brand that represents four generations of the highest quality hospitality with restaurants and lounges as well as hotels and residences. You can find a taste of their impeccable brand standard at the chic Cipriani restaurant in Brickell as well as Mr. C in Coconut Grove. The financing was issued in two loans and includes mezzanine financing. Banco Imbursa from Mexico provided $350 million and China’s Ascendant Capital Partners completed the financing by contributing $250 million. This deal has surpassed the $558 million construction loan that was obtained by Trump Group to build The Estates at Acqualina in Sunny Isles Beach back in 2018. Bank OZK had provided that financing. Cipriani Residences Miami Groundbreaking Cipriani Residences Miami Developers The construction financing came together just in time to be celebrated at the official groundbreaking soiree, which was hosted on February 6 on the build site at 1420 South Miami Avenue. Cipriani Residences Miami is expected to be completed in 2028. If you are interested in a presentation and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: MAST Capital / TAMZ
1428 Brickell Unveils $60 Million Penthouse With Elegant Energy Efficient Features Posted on November 9, 2023March 7, 2024 by Sarah Elles Boggs 1428 Brickell has unveiled its spectacular 12,000 square foot penthouse that will crown the energy-efficient super luxury tower at a rate of $60 million. “Our objective was clear: to create one of the most exceptional penthouse residences in the world. The Penthouse at 1428 Brickell sets new standards in luxury living, not just in Miami but globally,” shared Yamal Yidios, CEO of Ytech. Rendering of 1428 Brickell Penthouse Kitchen Great Room Rendering of 1428 Brickell Penthouse Living Room Lights Rendering of 1428 Brickell Penthouse Living Room With soaring 30-foot ceilings with impact glass from top to bottom, 12,000 interior square feet for seven bedrooms and nine bathrooms, two east-facing balconies to enjoy the colorful sunrises and bay views and two private elevators, no detail has been missed in this penthouse. Within the residence, the developers at YTech and the architects from Milan-based ACPV ARCHITECTS led by Antonio Citterio and Patricia Viel worked together to execute an immense level of research in order to make sure even the smallest details are addressed. The focus was creating a truly livable and engaging space. Natural materials such as silk georgette marble, eucalyptus wood claddings, mineral lime-based finishes, fluted glass walls, spaghetti stone touches and ash flooring were hand-picked by the design team after months of research and sourcing. The design team even collaborated with more than 32 different designs for the stone-clad sculptural staircase in order to guarantee perfection. Lighting studies were undertaken in order to organize the rooms in a flowing cascade that optimizes the sunlight and sections different parts of the home into daylight and moonlight areas. There is no part of this penthouse that is not thoroughly thought out. Rendering of 1428 Brickell Penthouse Primary Suite Rendering of 1428 Brickell Penthouse Primary Bath Rendering of 1428 Brickell Primary Wardrobe Rendering of 1428 Brickell Penthouse Bathroom Patio Inside the primary suite, the ultimate owner will experience a true indoor/outdoor quality of life with fresh breezes upon waking to the sunrise over the Biscayne Bay. The closet offers a boutique-style dressing area suited for even the most extravagant of wardrobes. Anna Wintour would fawn over this closet. The primary bathroom offers custom fluted glass to protect the wet areas and bookmatched Salvatori stone on the walls and countertops. Aside from the wardrobe and primary bath is a private terrace where you can relax and soak in the morning sun before getting ready for the day. Working from home will be a breeze in your custom-designed library with silk georgette walls. Pivoting walls, a sculptural stone bar and walk-in wine cellar will wow any guest you choose to invite. This is truly a 1-in-a-kind penthouse in the heart of the Brickell Financial District. The Residences at 1428 Brickell is scheduled to be completed in 2027. For more information, please download the fact sheet and floor plans here: 1428 Brickell Fact Sheet 1428 Brickell Floor Plans If you are interested in a private presentation with current availability and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
St. Regis Residences, Miami In Brickell Files For Construction Permit + Releases A New Amenity Posted on August 25, 2023 by Sarah Elles Boggs While the demolition permit of the existing structure at 1809 Brickell Avenue is being considered, Related Group has filed for their construction permit to begin work on St. Regis Residences, Miami. This is all a logistical strategy to allow work to remain constant once they are given the go-ahead to start moving dirt. While all of this is going on in the background, we have also learned about a convenient and luxurious new offering for the owners of St. Regis Residences, Miami. Rendering of St Regis Residences Miami Brickell Timelines & Details In June, the St. Regis Residences, Miami went before the Urban Design Review Board (UDRB) and swiftly received a unanimous approval, as expected. The only suggestion they were given was to look at some of the balconies on the lower levels to make sure the buyers could ultimately put enough furniture out there. And so they will… They will also be preserving the canopy of banyan trees on the site, which is always a pleasant and important thing with new development in Miami. Acting Chairman Agustin Barrera said, “I think the building is very elegant. Very well detailed. I like the layering that was done vertically, with regards to how the massing was broken up. I love how it interacts with the water and with the street, and incorporating the banyan trees.” According to Miami Today News, who was present for the review process. Fast forward to July, they went before the Federal Aviation Authority (FAA) and received approval for the project’s final height. The FAA has the final sayso on this, as nobody wants to impede flight traffic to MIA. They received such, the final tower will stand at 630 feet above ground. To give you some perspective, these filings usually take about 4 months. The UDRB is awaiting final plans in order to grant the construction permit approval, so we imagine they are looking at those balconies. According to The Next Miami, the construction cost is listed at $201 million. Rendering of St Regis Residences Miami Brickell at Dusk The New Offering In addition to the elevated lifestyle of the St. Regis Miami Residents, the developer realizes that people who choose to live in a hotel-branded property are likely avid travelers as well. They are including a complimentary 2-year Marriott Bonvoy Platinum Elite status. The owner benefits include: 10% off the regular room rate Upgrades at check-in, including suites (when available) Daily breakfast for two 4:00pm late checkout (when available) A special welcome amenity with a note from the hotel’s general manager A special additional hotel amenity, depending upon the property and location. This could include a food and beverage credit, or spa credit, etc. A guaranteed room type Complimentary in-room internet access Exclusive member rates Legendary St. Regis staff and service Personalized concierge to assist the residents and their guests This Bonvoy program is available at all Marriott-owned brands, of which the list is lengthy and includes Edition, The Ritz Carlton, St. Regis, W Hotels, and JW Marriott. It is important to note that while the St. Regis Miami Residences in Brickell is a hotel-branded development, there is no public hotel on site. It is residential-only with a limited collection of 152 waterfront residences. Rendering of St Regis Residences Miami Brickell Living The homes range from two- to six-bedroom layouts with prices starting at $3.7 million. If you are interested in a presentation of the project including specific layouts and prices, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Photos courtesy of Related Group/Integra Investments
An Update On Baccarat Residences Miami, Including Penthouse Details Posted on July 6, 2023 by Sarah Elles Boggs Now that the situation with the indigenous artifacts being found on the build site has come to a close, Baccarat Residences in Brickell is back on track with construction and sales in full swing. The archaeologists are packing their things and site work should resume in early September, according to our source with the development. Leading up to this date, the developer has released the exclusive Baccarat Penthouse collection with new renderings, floor plans and all of the details. The Situation With The Artifacts Before we get into the penthouses, I do want to clear up what happened with the artifacts because we do realize it is a point of contention for many people. Artifacts were found in the earth below the demolished structure that once stood on the property. Related Group did remediate the site, allowing archaeologists to recover what they needed to recover. The development site has not been deemed a historic site, allowing for construction on Baccarat Residences and the neighboring rental tower that is currently under construction to rise. The third tower of the project, which has not yet been announced, could still be deemed historic at a later date but we will cross this bridge when the time comes. For now, the recovered artifacts are being stored and will be on display for the public to enjoy once the towers are complete. An Update On Baccarat Residences While the situation with the artifacts did create a delay in the construction timeline, the residences have continued to sell. Now that there is a more firm timeline and everything is back on track, we expect things to move more quickly in the sales office as well. Currently, there are a handful of the 28 river flats/duplexes available as well as a few of the tower residences remaining. The river flats are townhome-style duplexes that are in the space closer to the river, wrapping around the parking pedestal and below the amenity deck. These offer a closer view of the water with floor-ceiling glass and 2-story layouts. They are very unique and these types of residences always hold their value very well as there are fewer built. The prices for the river flats and duplexes currently range from $2.3 million for a 1,547 square foot 2 bedroom plus den, up to $5.3 million for a one-of-a-kind 3-bedroom plus den duplex residence. Rendering of Baccarat Residences Brickell Miami Living Dining Room View Rendering of Baccarat Residences Brickell Miami Kitchen The tower residences also have limited availability ranging from $2.5 million for a 1 bedroom with a den on the 54th floor to $6 million for a combined residence on the 64th floor with 4 bedrooms. The price per square foot ranges between $1500 per square foot to around $1800 per square foot and all of the residences come with a view of the Miami River and/or the Biscayne Bay. Baccarat Residences Condo Features Open concept flow through residences offering 1, 2, 3 and 4-bedroom layouts Private secured elevators and foyers in all residences with 2 elevators opening directly into each unit 10-ft ceilings in residences Energy-efficient, impact-resistant, floor-to-ceiling windows and sliding glass doors High-efficiency individually-controlled cooling and heating systems throughout residences Open-concept kitchens with chef’s island, custom Italian cabinetry designed by Meyer Davis and a pre-construction selection of finishes and choices of backsplashes and stone countertops Gourmet kitchens also feature high-end appliances with cabinetry integrated paneling including Wolf induction cooktop, Wolf contemporary oven and steam oven, Sub-Zero refrigerator/freezer, Sub-Zero wine refrigerator, Cove dishwasher and concealed hood Spa-like master bathrooms offering frameless glass-enclosed rain showers, stand-alone soaking tubs, Italian cabinetry, imported stone countertops and separate water closet Spacious dual walk-in closets with Italian cabinetry in master bedrooms Most residences offer spacious laundry rooms with utility sinks, storage cabinetry and large capacity washers/dryers Interior doors are solid core wood to enhance soundproofing in unit Private 8-ft-deep terraces with glass railings Corner units feature private expansive wrap-around terraces “Smart Building” pre-wired for advanced technology Interface technology for building amenities and services including valet parking, concierge, security and in-home services including window treatments, lighting and audio/visual systems Rendering of Baccarat Residences Brickell Miami Bedroom View Rendering of Baccarat Residences Brickell Miami Kitchen View The Penthouses The top three floors of Baccarat Residences contain the Penthouse Collection. This is comprised of eight bespoke penthouse residences with 12-foot ceilings and some also featuring rooftop terraces with pools. They range in square footage from 3,500 interior square feet up to 9,000 interior square feet. Each of the remaining penthouses has a one-of-a-kind layout with three bedrooms plus a den, the exception being Upper Penthouse 01. It is the largest residence in the building with 9,000 interior square feet, five bedrooms, nine and a half bathrooms and a sky terrace with ocean and city views (pictured). The Baccarat Residence Penthouse Collection ranges in price between $9M-$27M, or $2,500 per square foot for Penthouses 1, 2 and 3. Upper Penthouses 1 and 2 have rooftop terraces and are offered at $3,000 per square foot. Rendering of Baccarat Residences Brickell Penthouse Lounge Rendering of Baccarat Residences Brickell Penthouse Terrace We are so relieved to see the artifacts situation resolved and forward motion resuming on the lot. This tower is going to be an amazing contribution to our skyline and a beautiful home to so many! If you are interested in a private presentation on Baccarat Residences, Miami with specific availability and pricing including penthouse floor plans, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Photo Credit: Baccarat Residences
Our Thoughts On 1428 Brickell As Their $20 Million Sales Gallery Opens Posted on June 29, 2023 by Sarah Elles Boggs In preparation for the demolition of the current structure on their build site, YTech has unveiled its impressive sales center, to which they went to great expense in order to pay homage to the history of Brickell as well as embrace the future of the neighborhood. So what are our thoughts on the luxuriously innovative 1428 Brickell as forward-thinking participants in today’s real estate market? We will get to that. First, let’s go over what is happening now with the project. The New Sales Gallery At a cost of $20 Million, the development team has acquired one of the Brickell mansions from the golden ages of Brickell being Miami’s original Millionaire’s Row. While planning for the tower itself to rise a block away, YTech performed an ambitious gut renovation of the gorgeous home, preserving its integrity and at the same time outfitting it with a full-on immersive experience into the future of what is now Miami’s Financial District. “We ambitiously pursued maintaining the integrity of a 100-year-old historic mansion, restoring the façade and grounds to its former glory as a jewel on Brickell Avenue, all while ensuring the interior provided a modern and innovative approach so future residents can understand the privacy, luxuriousness, and freedom that living at The Residences of 1428 Brickell affords,” John Breistol, Chief Operating Officer, Ytech posted on the project’s Instagram page. The new sales gallery is now open, and we are happy to give you a tour, from the suspended and illuminated skyline model to the fully-immersive built-out residence, allowing buyers to experience what life will really be like once the building is complete. 1428 Brickell Sales Gallery Skyline Model Current Status of 1428 Brickell As of today, the demolition permit of the existing structure is nearly complete. According to The Next Miami, the only item remaining is a letter from FPL (Florida Power & Light) to be delivered, assuring the building department that the power has been disconnected from the structure. A vertical construction permit remains in the works, but won’t be needed for some time as the rubble from the demolition will need to be cleared, followed by official groundbreaking and site work. This will take a few months. 1428 Brickell Sales Gallery Patio Seating Our Professional Opinion of the Project Undoubtedly, the preconstruction market in Brickell is incredibly noisy these days. The neighborhood is abundantly popular, and for good reason. With that being said, each project has a unique set of offerings to set itself outside of the pack, and we really like the offerings at 1428 Brickell. The Location For starters, let’s look at the location. With Brickell being so popular, it is also quite dense. It is actually the second most dense neighborhood in the United States behind Manhattan. If you live closer to the north end of the neighborhood, traffic is really something to pay attention to if you need to come and go frequently. If you live toward the southern end of the neighborhood, the area is more residential. There are fewer office towers and entering/exiting the neighborhood to the highway is very easy. While you may not want to walk all the way to Brickell City Centre, but 1428 Brickell is less than a block from the Financial District stop of the Miami Metromover. This is the complimentary rail shuttle that will drop you off right there within Brickell City Centre. There is also a stop for Mary Brickell Village and you can go all the way to the Omni Station to visit the museums or catch a Miami Heat game. It is quite convenient. Additionally, with the location being directly across from the Four Seasons Miami, this is a location that will be more likely to hold its value long-term. Most of the buildings between 1428 Brickell and the Biscayne Bay are low- to mid-rise, so above a certain floor you still experience the big water views of the waterfront towers. Pair that with the reduced congestion, and you have a winning formula for a safe place to spend your money. Rendering of The Residences at 1428 Brickell Terrace The Building Design There is so much to be said about the design of 1428 Brickell. We have already discussed the impressive LEED Certification and solar-powered panels that will line the west spine of the structure. This is the only building in the marketplace that has these features. Aside from the LEED Certification, we have to discuss the size of the building. Upon looking at it from the street, it will appear that the building is quite dense. It’s 70-floors up! In actuality though, there are only 189 residences. This allows for larger residences as well as more convenience when it comes to utilizing the community spaces. There are not so many people that the line for gym equipment is long, there is always a pool lounger available. But at the same time, there are not so few residences that having so many amenities is cost prohibitive. It is a sweet spot of density, maximizing both comfort and offerings. The Residence Layouts As I mentioned above, one of the best things about the residences in 1428 Brickell is their sheer size. They actually provide a lifestyle like that of a single family residence. The units are even separated by concrete load bearing walls rather than drywall, to offer additional sound insulation between the neighbors. With two bedroom apartments starting at 2,000-square-feet and going up, they are incredibly spacious. The kitchens are thoughtfully-designed by Antonio Citterio with a variety of color palettes to choose from. You can also opt for sliding glass dividers if you are not one to prefer an open kitchen/living room layout. The designs are subtle yet elevated and offer ample space for actual family cooking, not just laying takeout on the counter as though you were traveling. These units are built for full-time life. The bathrooms also offer a subtle-yet-elevated style, particularly the primary bath.With spacious travertine showers and free-standing sculptural bathtubs designed and crafted in Rapolano, Italy, the luxurious ambiance is ever-present in the private areas of the house. Another spot that really stands out to us in 1428 Brickell is the closets, or dressing rooms as they actually are. The smallest primary closet is 100-square-feet, with the larger residences having closets of 425-square-feet. These are all built out with custom cabinetry and presented as a boutique-style wardrobe. It is incredibly elegant and a great use of space. Rendering of 1428 Brickell Kitchen Glass Dividers Rendering of 1428 Brickell Kitchen View Considering everything goes according to plan with the demolition and construction permits, we should see the finished product by 2027. Prices range from $2.4 million for a two-bedroom plus den, to four-bedrooms plus den starting at $5.5 million. Penthouse details are released upon request. For more information, please download the fact sheet and floor plans here: 1428 Brickell Fact Sheet 1428 Brickell Floor Plans If you are interested in a private presentation with current availability and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.