BrickellHouse, a 46-story, luxury residential tower under development by Newgard Development Group, will become the first newly-conceived condominium project to launch since 2008, reflecting the rising demand for urban living in South Florida and fast-improving market dynamics in Downtown Miami. Development of the $170 million project will begin with a groundbreaking in the second quarter of 2012 – with construction expected to be completed within two years.
BrickellHouse will comprise 374 residential units ranging from spacious modern studios to 5,000 square foot, exclusive penthouses. Residences will sport expansive private balconies offering views of Biscayne Bay and the Brickell Financial District, gourmet kitchens and bathrooms with imported European cabinetry, and premium appliances and finishes. Pre-construction sale prices range from below $200,000 to magnificent penthouses at prices upon request.
The addition of one of the nation’s first fully-automated robotic parking garages will yield significant convenience and security, as well as environmental benefits, including reducing the building’s carbon footprint by 70% compared to a similarly-sized building. BrickellHouse has been designed to achieve LEED certification from the U.S. Green Building Council.
BrickellHouse is located at 1300 Brickell Bay Drive, just one block off Brickell Avenue in the center of Miami’s financial district, which is home to the highest concentration of international banks in the U.S. outside New York City. Dozens of high-end restaurants, lounges, hotels and shops are within a few blocks. The Mary Brickell Village dining and retail district and the now-underway Brickell City Center mixed-use project are both a short walk away. Multiple public transit options connect BrickellHouse with Miami’s star attractions, including AmericanAirlinesArena, the Adrienne Arsht Center for the Performing Arts, Miami Art Museum and Miami Science Museum in Museum Park, Bayfront Park and the site for the proposed Genting project, a 3.5 billion dollar convention center and casino. Miami International Airport is located less than 10 miles away.
Newgard Development Group’s partners benefit from more than 15 years of experience developing multifamily properties in South Florida. Newgard’s principals have spearheaded past projects including Solaris at Brickell, City Palms in downtown West Palm Beach, and Gallery Art in the Miami Arts District. They have built a total of about 1200 units, equaling over $700 million in development.