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

Twin-tower, 690-unit development has $500M sellout, developer says

TRD MIAMI /
Jun.June 14, 2017 08:45 AM

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.


Related Articles

arrow_forward_ios
Daily Digest Miami

54-story Turnberry Ocean Club tops off, Flagler streetscape project to break ground: Daily digest

From left: Jon Paul Perez, Alex Karakhanian, Tony Arellano and Devlin Marinoff over the site (Credit: Google Maps)

Related Group, Alex Karakhanian and partners drop $32M on Wynwood site

Jon Paul Pérez, Jorge Pérez and the downtown Miami skyline (Credit: iStock)

Miami’s biggest condo developer is going micro

Jorge Pérez with renderings of the projects

Related Group, Atlantic Pacific seek approvals for mixed-use apartment projects

233 North Miami Avenue and Jorge Perez

Related Group picks up two lots next to Miami Dade College for $9M

The Gallery on the River and Jorge Perez of Related Group (Credit: Wikipedia)

Related Group moves forward with Gallery on the River project

(Credit: Getty Images)

All eyes on cranes during Hurricane Dorian

Construction of downtown Hollywood high-rise may start soon

arrow_forward_ios