The Real Deal Miami

Brickell Heights tops off at 96 percent sold

Interior work will begin soon on the three-story Equinox fitness center and SoulCycle studio

April 05, 2016 03:30PM

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A rendering of Brickell Heights

A rendering of Brickell Heights

Brickell Heights has reached new heights – and topped off.

The two-tower project is 96 percent sold, and the Related Group expects to sell out within the next two months, Related announced on Tuesday. 

Crews will begin working on the interiors of the project’s three-story Equinox fitness center and SoulCycle studio. Included with the purchase of a unit is a one-year membership to Equinox. Capital One’s cafe concept, by Peet’s Coffee, will also open in a 6,375-square-foot space designed by New York-based Rockwell Group. Rockwell is also handling Brickell Heights’ public spaces.

The 690-unit, mixed-use development will be completed early next year, according to a press release. In January, Related offered its real estate agents 10 percent commissions at Brickell Heights and the adjacent SLS Lux. That followed a drop in deposit requirements last fall from the standard 50 percent to 30 percent.

Brickell Heights, at 850 Miami Avenue, secured a $160.5 million construction loan about a year ago. Fortune International Group is handling the sales and marketing. – Katherine Kallergis