The Icon Brickell Attempts to Turn Around Condo Sales in Downtown Miami
by Laura Funk
Located in the heart of downtown Miami, the Icon Brickell hopes to begin the rebirth of the city’s condo sales. With a price drop of over 30 percent and developer financing available, Miami brokers have turned around the halt in sales of this gorgeous complex by selling 110 of the luxury units since December.
The boost in sales is foreseen by many to be the comeback of Miami’s downtown condo craze. Until a few months ago developer Jorge Pereze could count the number of pre-sold units, according to cbs4.com
Selling one unit at a time, the Icon Brickell hopes the increase in sales will continue. Giving up million dollar units at a price as low as $500,000 is a sacrifice the condominium is willing to make.
The complex is made up of three separate towers, the Icon Brickell North Tower, Icon Brickell South Tower, and the most recent addition, the Viceroy Tower. The three towers combined house a total of 1,800 units piled 60 stories high.
Designed with a contemporary architecture the condominium offers a variety of luxurious services to its residents featuring a state-of-the-art fitness and spa center, multi-level parking areas, and a 24-hour concierge staff.
Sales of existing single-family homes in Miami rose by 49 percent in August to 951, with condo sales jumping 60 percent compared to the same period in 2010, according to data from the Miami Association of Realtors. While the median sales price for single-family homes fell one percent last month, con...
Large investors in the Miami area are shifting their focus from blocks of units in troubled projects to potentially lucrative land that has been earmarked for new towers in the Greater Downtown Miami market.
While Brazilian buyers have been scooping up property, particularly in downtown Miami, there are a significant number of buyers from Rio de Janeiro and Sao Paulo simply looking for a Miami bargain.
Armed with a stronger-than-ever real currency, Brazilians are the second-largest buyer demographic ...
Last June was a bleak month for Icon Brickell condo complex. Faced with empty units and failed contracts, two towers of the three-tower property were seized by banks, with no silver lining in sight for the 1,800 unit complex. This June, however, things are looking up.
Miami developers will soon launch a new wave of condominium towers in downtown Miami. Their intended target? International pre-construction buyers who can pay cash.
Luxury real estate seems to be doing well in Miami; approximately $26 million has just been paid for 23 units at the W South Beach condo-hotel project in Miami Beach. Miami Beach is one the most coveted areas in this haute city with superb shopping, restaurants and nightlife.
If you enjoy eating at Lincoln Road’s Meat Market, you’ll be happy to hear there are plans to open a second location in Miami’s Brickell Area.
On October 17, 2011, over a hundred of Miami’s top real estate and business professionals gathered at Miami hot spot Meat Market to get the first look at BrickellHouse, the newest and first luxury condo to hit the Downtown Miami market since 2008.
The Bryan Brothers, also known as the number one tennis team in all of history, united with the tennis elite to launch TennisDaily.com, a social media network similar to Facebook but for those who are enthusiasts of the sport of tennis on March 21.