The Real Deal Miami

Swire nabs TCO for Rise, Brickell City Centre’s second condo

Project's shopping center and second office tower are last pieces to open

September 02, 2016 03:45PM

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Aerial shot of the completed Rise, left, and renderings of the building's lobby and pool deck, right (Inset: Swire Properties President Stephen Owens)

Aerial shot of the completed Rise, left, and renderings of the building’s lobby and pool deck, right (Inset: Swire Properties President Stephen Owens)

Brickell City Centre’s Rise condo tower is now open for business.

Developer Swire Properties announced Friday that it has received a temporary certificate of occupancy for the 43-story tower, which allows buyers to close on their units and move in.

The announcement signals that the residential portions of what is currently Miami’s largest mixed-use development are finished. So far this year, the project’s East, Miami hotel, Three Brickell City Centre office building and Reach condo tower have opened.

Both Reach and Rise have 390 units priced between $595,000 and $2.7 million. According to a second-quarter report from brokerage ISG, Reach is 90 percent sold and Rise is 45 percent sold.

The units are being delivered move-in ready and have access to amenities including an on-site concierge, fitness center, half-acre amenity deck with lap and social pools, plus a 24-hour valet.

Swire now has two major sections of the $1.05 billion development left to complete: the 500,000 square feet of retail space, slated to open in November, and Two Brickell City Centre, the unfinished office tower where co-working giant WeWork just signed a lease. — Sean Stewart-Muniz

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