The Real Deal Miami

Sales to launch at 43-story Brickell condo tower

May 02, 2013 02:00PM

1080 Brickell

Apartments in the 43-story 1080 Brickell tower will go on sale this week, exMiami reported.

A Spanish investment group purchased the site for the proposed 328-unit building on Miami’s Brickell Avenue about a year ago, paying $17.37 million, a $7.87 million premium over what the seller, Rilea Group, paid for the property in 2006, according to the South Florida Business Journal.

The site was rezoned last year so that an existing parking garage could be torn down and the new tower put up in its place.

MDR Toledo, managed by Madrid residents Manuel Moratiel Llarena and Maria Moratiel del Pilar Entrena, control Miami-based MDR Real Estate, which purchased Brickell Station Lofts for $17 million in January 2012. [exMiami]Emily Schmall