The Real Deal Miami

On the scene at Related’s opening of Brickell Heights: PHOTOS

Twin-tower, 690-unit development has $500M sellout, developer says
By Katherine Kallergis | June 14, 2017 08:45AM

The Related Group unveiled Brickell Heights condo towers with a performance by Grammy award-winning singer Cucu Diamantes, acrobatic acts by Equinox, cocktails and more last week.

Closings are underway for the twin-tower, 690-unit development at 850 Miami Avenue. Related’s condo division president Carlos Rosso said Brickell Heights, which is sold out, has a roughly $500 million sellout. Buyers include Trey Songz, whose purchased has not yet closed in Miami-Dade County records.

The party also showcased art by Eduardo Capillo, Omar Rodriguez Graham and an outdoor mural by Argentine artist Fabian Burgos.

Jorge Pérez, chairman and CEO of Related, Rosso, Vice President Jon Paul Pérez and Dezer Development President Gil Dezer attended the event on June 7.

Amenities will include a three-story, 30,000-square-foot Equinox gym, a 6,000-square-foot SoulCycle studio, a pool deck, movie theater, gyms, spas and party rooms.

Related financed construction with a $160.5 million loan. Fortune handled sales and marketing. Last year, Related offered its real estate agents 10 percent commissions at Brickell Heights and the adjacent SLS Lux.