The Real Deal Miami

Icon Brickell reaches one-third sold mark

July 12, 2010 12:00PM

Icon Brickell at 950 Brickell Bay Drive

After 18 months and steep price cuts across the board, Icon Brickell has sold 33 percent, or 600, of
the nearly 1,800 units in the three-tower complex, according to a
report from real estate consultancy and brokerage Condo Vultures. The condo also just cut prices a third time by around $63 per square foot, or nearly 15 percent off the average
completed sales price of $430 per square foot. Of the three towers in the development,
Tower One has the highest current asking prices, at $402 per square foot,
with Tower Two at $363 per square foot and Tower Three at $308 per square foot. TRD