Miami's Brickell Flatiron High-Rise Condo Gets Occupancy OK
The 736-foot building is now the tallest condominium tower south of New York.
November 01, 2019 at 11:07 AM
2 minute read
The 64-story luxury condominium Brickell Flatiron. Courtesy photo
Expect a deluge of closings in the coming weeks at Miami's new Brickell Flatiron, which at 736 feet high is the tallest condominium south of New York.
The tower, reminiscent of New York's Flatiron building for its flattened design, obtained its temporary certificate of occupancy Wednesday, allowing unit sales to close. About 95% of the 527 units are under contract.
Pioneer Miami developer Ugo Colombo developed Brickell Flatiron through his CMC Group LLC.
The 64-story tower reached a record as the tallest condo tower only, not the tallest residential building south of New York. That record is held by the nearby 868-foot Panorama Tower, a mixed-use building with apartments, a 208-room Hyatt Centric boutique hotel, 106,000 square feet of office space, 48,000 square feet of high-end retail and a 2,039-space parking garage.
Undoubtedly, developers in downtown Miami and the Brickell Financial District are reaching new heights. Developer Bekir Okan is planning the condo-hotel Okan tower at 555 N. Miami Ave., which at 890 feet would be taller than Panorama Tower.
Brickell Flatiron is at 1001 S. Miami Ave. in the heart of booming Brickell district, which boasts heavy foot traffic fed largely by the mixed-use Brickell City Centre and Mary Brickell Village.
Over half of the Brickell Flatiron buyers in the Luis Revuelta-designed building are from the U.S. and the rest hail from Mexico, Argentina, Italy, Venezuela and Colombia, according to a news release.
The remaining residences are offered for $650,000 to $3 million, and a duplex penthouse is listed at $8 million.
Amenities include a spa, pool, gym with panoramic views of Biscayne Bay and downtown Miami, steam and sauna rooms, lockers, Pilates and yoga studios, movie theater, wine cellar, valet and electric-car charging stations.
The tower has 24,800 square feet of ground-floor retail and restaurant space. CMC Group sold that real estate to Elysee Investments, led by Avi Dishi of New York and Haim Yehezkel of Miami.
Related stories:
Tall Tower Gets Big Loan: $425 Million Refinancing Issued for Panorama Project
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