The Real Deal Miami

Miami’s 900 Biscayne Bay sells out

December 07, 2011 10:26AM

Downtown Miami’s 900 Biscayne Bay condominium tower has sold out all of
its 525 units, according to the project’s sales agent, Cervera Real
Estate. Cervera has served as the project’s exclusive broker since its
inception, and sales have totaled more than $320 million. “Working
closely together as a team with Terra Group, we were able to complete
closings three months before the anticipated target date and achieve a
price of more than $400 per square foot,” said founder and chairman Alicia Cervera. The last condo sold was a
four-bedroom, 3,990-square-foot residence that sold to a family from
Brazil for $2 million. “We’re believers in the long-term promise and the
allure of the Miami market,” said David Martin, COO at Terra. — Alexander Britell