The Real Deal Miami

Posts Tagged ‘icon brickell’

  • Related bets on new Brickell condo complex

    Jorge Perez-led company plans phased One Brickell development
    December 17, 2013 12:00PM
    Peter Zalewski

    Peter Zalewski

    Billionaire Jorge Perez and his Related Group – South Florida’s most prolific high-rise residential developer – are betting that history will not repeat itself at the northern tip of Brickell Avenue on the south bank of the Miami River in Greater Downtown Miami.

    About four years after relinquishing more than 870 new ICON Brickell condo units to its lender, Related is taking another shot at building an iconic three-tower complex on Brickell Avenue at the Miami River’s southern edge. [more]

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  • Related completes $104M Brickell acquisition

    Developer obtains $54M loan from Deutsche Bank subsidiary
    December 11, 2013 11:15AM
    Rivergate Plaza at 444 Brickell Avenue

    Rivergate Plaza

    The Related Group’s $104 million purchase of a waterfront Brickell Avenue site has officially closed, The Real Deal has learned.

    Related completed the acquisition of four acres at 444 Brickell Avenue on Monday, according to Miami-Dade County records. The county recorded the transaction on Tuesday. The company plans to build a three-tower mixed-use project called One Brickell on the two-property site. [more]

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  • Related plans three-tower development in Brickell

    Company to close on project site purchase next Monday
    December 03, 2013 12:45PM
    Jorge Perez

    Jorge Perez

    The Related Group plans to build a three-tower mixed-use project at the waterfront Brickell site it is about to acquire, The Real Deal has learned.

    Related is scheduled to close on the purchase of 444 Brickell Avenue next Monday for an undisclosed price, the company announced. Previous reports indicated the company had a contract to buy the four-acre site for about $100 million. It intends to develop One Brickell on the two properties. [more]

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  • Jorge Perez

    Jorge Perez

    Already a dominant property owner and developer in Miami’s financial district, the Related Group is on the verge of acquiring another prime site for about $100 million.

    The Jorge Perez-led company has a contract to purchase four waterfront acres at 444 Brickell Avenue, South Florida Business Journal reported. Related developed the 1,800-condo Icon Brickell complex across the street from the 444 Brickell site, which presently includes an office building with a Capital Grille restaurant on the ground floor. The transaction could close early this week. [more]

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  • Phillipe Starck

    UPDATED, 9:15 a.m., May 22: The design firm of French architect Phillipe Starck has sued Miami-based Related Group and an affiliate company in Mexico alleging a breach of contract over a condo development on Mexico’s Pacific coast.

    London-based Yoo claims Starck, the company’s creative director, was contracted to “develop a design philosophy and overall concept” for three luxury condominium towers in the Mexican resort town of Puerto Vallarta, to be known as Icon Vallarta. The development was the third in a series of collaborations between the architect and the Related Companies, co-founded by developer Jorge Pérez and Miami Dolphins’ owner Stephen Ross, following the construction of the Icon Brickell and Icon South Beach towers. [more]

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  • Icon Brickell

    The once-vacant “condo canyon” in downtown Miami has been almost entirely filled up, according to a report from the Downtown Development Authority, the Miami Herald reported. Approximately 93 percent of the 23,000 condominiums built in Miami since 2002 like Icon Brickell are now occupied. “I always encourage my clients to bring their checkbooks for the first month’s rent,” said Lauren Popham, a rental specialist with Jeanne Baker Realty. [more]

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  • Investor buys Lopez and Anthony’s Icon Brickell unit out of foreclosure

    Former couple rented the unit with option to buy.
    February 07, 2012 03:45PM

    Jennifer Lopez, Marc Anthony and Icon Brickell

    In a bizarre series of events, Jennifer Lopez and Marc Anthony’s Icon Brickell condominium was sold out of foreclosure, although the former couple doesn’t appear to be suffering from financial distress.

    According to Kevin Dickenson, an agent in Prudential Florida Realty’s Palm Beach Garden office, Anthony and Lopez never actually owned the condo they were widely reported to have bought in late 2009. [more]

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  • Q&A with Related CEO Jorge Perez

    The real estate mogul talks about My Brickell and how Latin America “saved” Miami
    October 28, 2011 11:02AM

    Related CEO Jorge Perez

    Since a gloomy forecast at the nadir of the condominium bust, Miami’s real estate fortunes have turned around dramatically, so much so that the city is seeing a rash of new ground-up condo projects. At the forefront is Related CEO Jorge Perez, who in one day — yesterday — launched two new projects — Apogee Beach in Hollywood and the My Brickell development in the heart of downtown Miami. For the latter, Perez is aiming at undercutting the surrounding projects in Brickell with a sub-$300-per-square-foot price tag, hoping that a high-tech Arquitectonica (and Karim Rashid) project, along with European and South American demand, will prove the right move. The Real Deal talked to Perez about My Brickell, how Latin America saved Miami and the potential impact of casino gambling on Miami. [more]

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  • alternate<br /></a>text
    From left: Trump Royale, Trump Towers and Icon Brickell

    Miami condominiums are selling at a record pace, according to recent market reports, and the New York Post singled out some of the area’s highest profile projects to see whether they were experiencing a corresponding uptick. The answer was a resounding yes.

    Even in buildings that were previously thought to be destined for failure.

    Dezer Development said that it sold more than $100 million in Trump units during the summer months, for an average of about $525 per square-foot, at the 384-unit Trump Royale and the three-building, 813-unit Trump Towers. [more]

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  • A combination of retail and parking spaces at Icon Brickell has sold for a total of $6.25 million, according to Fortune International Realty. The name of the Hong Kong-based buyer was not disclosed. According to Fortune broker Fabio Faerman, the purchaser intends to open an Asian-themed eatery in the retail space. Icon, which is located at 475 Brickell Avenue, has seen a strong wave of sales in 2011. [SFBJ]
    [more]

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