Brickell Flatiron cuts ties with Cervera, in talks with Fortune: sources

64-story, 549-unit condo tower is about 70% sold

Miami /
Aug.August 28, 2017 06:00 PM

Cervera Real Estate is out at Ugo Colombo’s Brickell Flatiron, The Real Deal has learned.

Cervera is no longer handling the exclusive sales and marketing of the 64-story, 549-unit condo tower at 1001 South Miami Avenue, which is about 70 percent sold, a spokesperson for the developer confirmed. Fortune International Group is in talks with the developer to take over sales, sources told TRD.

Colombo’s CMC Group would not comment on Cervera’s replacement, and Cervera CEO Veronica Cervera Goeseke could not immediately be reached for comment.

The move marks Cervera’s second lost development marketing contract this year. In March, developer OKO Group replaced Cervera with Fortune as its exclusive sales and marketing firm for Missoni Baia in Edgewater. Cervera recently wrapped up sales of the Bond on Brickell, which sold out in April for a combined $183 million. The firm was also hired earlier this year to handles sales of the Aston Martin Residences in downtown Miami.

Fortune’s portfolio of new development sales in Brickell includes SLS Lux and Brickell Heights, the latter of which was delivered earlier this year and sold out for about $500 million. Edgardo Defortuna, president and CEO of the company, could not be reached for comment.

Brickell Flatiron, which was designed by architect Luis Revuelta, will be delivered in June 2019. Construction is on the 16th floor, the CMC spokesperson said. In March, the developer closed on $236 million in construction financing, including $138.3 million from Bank of the Ozarks, and has sold 10 percent of its units since then.

Prices at Brickell Flatiron range from about $500,000 to $2.5 million, and up to $15.5 million for penthouses. Units will range from one to five bedrooms and will go up to 6,246 square feet.

At 736 feet, the building will be among the tallest towers in Miami, behind Panorama Tower, which will be 830 feet tall when it opens later this year. Brickell Flatiron’s amenities include a rooftop spa, pool and gym, a theater, billiard and cigar room, a wine cellar and a 24-hour concierge and parking valet.

The condo tower will also feature interiors by Massimo Iosa Ghini of Italy’s Iosa Ghini Associati.


Related Articles

arrow_forward_ios
1201 Brickell Bay Drive, Citadel's Ken Griffin and 830 Brickell office tower in Miami (Google Maps, OKO Group and Cain International, Illustration by Priyanka Modi for The Real Deal with Getty)
Mapping out Ken Griffin’s Miami shopping spree
Mapping out Ken Griffin’s Miami shopping spree
Ken Griffin and 1250 Brickell Bay Drive in Miami (Getty Images, Google Maps)
Ken Griffin’s Brickell takeover: Citadel adds to its properties with $20M purchase
Ken Griffin’s Brickell takeover: Citadel adds to its properties with $20M purchase
Rendering of 830 Brickell office tower; Cushman & Wakefield's Brian Gale, JLL's Manny De Zárraga, Avison Young's Donna Abood, Dwntwn Realty Advisors' Tony Arellano and Stephen Rutchik. (Credit: OKO Group and Cain International, JLL, CW, Dwntwn Realty Advisors, Cushman & Wakefield, Avison Young, Getty, 830 Brickell)
Meet the commercial brokers making bank in Miami
Meet the commercial brokers making bank in Miami
Ken Griffin in the center, with Brickell (right) and Palm Beach (below)
Ken Griffin’s Citadel comes to Brickell — and supercharges the market
Ken Griffin’s Citadel comes to Brickell — and supercharges the market
Ken Griffin with 830 Brickell (Getty, OKO Group and Cain International)
Ken Griffin’s Citadel leases at 830 Brickell office tower in Miami
Ken Griffin’s Citadel leases at 830 Brickell office tower in Miami
From left: MHCommercial Real Estate Fund II's Jordan Paul, Dung Lam and Neil Merin along with the Yamato Office Center in Boca Raton and the Bridge Point Powerline Road in Pompano Beach (NAI Global, LoopNet, Getty Images)
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
From left: Jorge Mas, Swire’s Kieran Bowers, David Beckham, and Stephen Ross
Beckham’s soccer stadium; Swire, Ross’ Brickell City Centre tower rezonings get preliminary commission OK
Beckham’s soccer stadium; Swire, Ross’ Brickell City Centre tower rezonings get preliminary commission OK
From left: One Flagler in West Palm Beach, 830 Brickell in Brickell, and Eighteen Sunset in Miami Beach (Getty, Related Southeast, LoopNet, Koniver Stern Group)
Spurred by new-to-market firms, South Florida office rents hit record highs
Spurred by new-to-market firms, South Florida office rents hit record highs
arrow_forward_ios

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

Loading...