Company plans residential tower in West Brickell

Miami /
Jan.January 06, 2014 10:30 AM

A real estate investment firm wants to build a 24-story residential tower west of the massive Brickell City Centre development.

Bay Harbor Islands-based Waterstone Capital plans to announce the 155-unit project and launch sales in the near future, Daily Business Review reported. Coral Gables architectural firm Brito, Cohan & Associates is designing the mixed-use tower, which is expected to include 13,000 square feet of ground-floor retail space. Waterstone paid $4 million in two transactions for the project site at the southwest corner of Southwest 10th Street and Second Avenue.

To differentiate the project from the slew of other residential developments nearby, Waterstone intends to sell units at $400 per square foot and include more three and four-bedroom residences than competing towers.

West Brickell is increasingly being targeted by developers and land-bankers. A company tied to Brazilian airline mogul Jose Afonso Assumpcao spent much of 2013 assembling a site west of Brickell City Centre and expected to sell the land at a significant profit. [Daily Business Review]Eric Kalis


Related Articles

arrow_forward_ios
Black Lion CEO Robert Rivani with SLS Lux Brickell (LinkedIn via Rivani, Facebook via SLS Lux Brickell)
Black Lion buys SLS Lux Brickell retail condo for $14M
Black Lion buys SLS Lux Brickell retail condo for $14M
Nadim Ashi of Fort Partners with the hotel (Four Seasons, Fort)
Fort Partners buys Four Seasons Brickell hotel for $130M
Fort Partners buys Four Seasons Brickell hotel for $130M
Guillermo Lasso and the Asia Brickell Key condo in Miami
Ecuadorian president’s alleged Florida real estate ties raise questions
Ecuadorian president’s alleged Florida real estate ties raise questions
Zom Living CEO Greg West with the properties
ZOM wants to sell two South Florida apartment buildings for nearly $500M
ZOM wants to sell two South Florida apartment buildings for nearly $500M
Ugo Colombo with renderings of the project. (Getty)
Ugo Colombo’s CMC Group sells Brickell Flatiron sales center to Argentine investors
Ugo Colombo’s CMC Group sells Brickell Flatiron sales center to Argentine investors
Six people who were previously employed by Four Seasons Miami are going after the hotel in a class action labor suit. (Getty, District Court of Southern Florida, WikiMedia / Averette)
Four Seasons in Miami leaves staff on “perpetual furlough” to avoid severance pay: lawsuit
Four Seasons in Miami leaves staff on “perpetual furlough” to avoid severance pay: lawsuit
Cain International's Jonathan Goldstein, OKO Group's Vlad Doronin and the Brickell condo renderings. (Getty, OKO Group & Cain International)
Billionaire Vlad Doronin, partner score $128M construction loan for Brickell condo tower
Billionaire Vlad Doronin, partner score $128M construction loan for Brickell condo tower
JDS Development's Michael Stern with a rendering of the One Southside project (JDS Development)
Michael Stern’s tower site deemed brownfield, paving way for tax breaks
Michael Stern’s tower site deemed brownfield, paving way for tax breaks
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...