PMG is launching sales for its planned One Twenty Brickell Signature Residences, a mixed-use condo tower that includes deeded office suites with each unit.
The planned 40-story tower will have 467 furnished units, and follows the sellout of PMG’s first One Twenty Brickell Residences at 120 Southwest Eighth Street, according to a news release. PMG, which is based in Miami and led by Ryan Shear, Dan Kaplan and Kevin Maloney, secured a $413 million construction loan for the two-tower project in April of last year.
The developer tapped Sieger Suarez Architects and interiors firm Cotofana Designs to design the tower. Units in One Twenty Brickell Signature will range from studios to three-bedrooms, the release shows. The tower will have 50,000 square feet of amenities, including a residents’ lounge, fitness center, spa facilities, pool and a cafe and juice bar, the release shows.
Each unit will include a deeded office suite, an arrangement that was also included in the first One Twenty Brickell tower. The offices will be spread across several floors of the tower, the release shows.
It’s the latest in a string of sales launches from PMG in Miami, where the developer has a stacked pipeline of condo projects in the works. In February, the firm launched sales for its planned supertall Delano Residences Miami, a 90-story, 421-unit project and the first branded residence for the historic Art Deco Miami Beach hotel.
In January, PMG teamed up with Lndmrk Development to launch a Frida Kahlo-branded short-term rental-friendly condominium in Wynwood, a two-building planned condominium with 244 units.
Brickell has been a hotbed for luxury condo development in recent years. In February, North Development, the joint venture between Ricardo Dunin’s Oak Capital and Juan Carlos Tassara’s Edifica, launched sales for a 34-story, 656-unit House of Wellness-branded condominium.