Miami’s financial district has deservingly earned itself a reputation for being a bustling neighborhood with great places to live, dine and work. Not surprisingly, Brickell will be home to three fresh new residential condominium projects:
- Related Group’s myBrickell – an innovative 28-story condo development with 192 units to be located at 30 SE 6th Street, within walking distance of Mary Brickell Village and a few blocks away from the highly anticipated Brickell Citicentre.
- Related Group’s 1100 Millecento – a luxury 42-story condo development with 382 units to be located at 1100 South Miami Avenue, also within walking distance of Mary Brickell Village and Brickell Citicentre.
- Newgard Development Group‘s Brickell House – a luxury 46-story condo development with 374 units to be located at 1300 Brickell Bay Drive directly across the street from Jade and Emerald at Brickell.
The obvious question is how will Brickell’s condo market fare?
A recent article by Miami Condo Investments looks at this very question. The takeaway from the article is good news for investors and developers alike – the market will stay strong throughout 2013 and 2014 “barring any global economic meltdown”. With little inventory in the Brickell condo market, prices are expected to steadily rise as, according to the article, demand remains high.