{"id":7399,"date":"2008-03-06T16:28:50","date_gmt":"2008-03-06T21:28:50","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/2008\/03\/06\/brickellbiscayne-tour-notes\/"},"modified":"2015-04-10T20:10:39","modified_gmt":"2015-04-10T20:10:39","slug":"brickellbiscayne-tour-notes","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/brickellbiscayne-tour-notes\/","title":{"rendered":"Brickell\/Biscayne Construction Update -Tour Notes"},"content":{"rendered":"

I spent Tuesday afternoon touring the Biscayne Corridor and Brickell with a group of Hedge Fund investors. In preparation for the tour, I spoke with many of the project development offices to get some talking points about each building. Here are my notes from that day:<\/p>\n

First and foremost – Metropolitan Miami’s Met 1<\/strong><\/a>– 447 units in Downtown Miami’s premier new Development. Closings to begin March\/April 2008. MDM Development EWM listed<\/p>\n

500 Brickell Avenue<\/strong><\/a> – 633 units total to begin closing in April, Related Group.<\/p>\n

Icon Miami<\/strong><\/a>– 1,759 units between 3 towers, 57 stories, North Tower to close Sept. 2008, South tower to close Dec. 2008, West Tower to close 1st<\/sup> quarter 2009. 90% sold-out, Related Group.<\/p>\n

Plaza on Brickell<\/strong><\/a>– 1,000 units between 2 towers. Building had grand opening party last week. Closings began in January. MLS resale from $338 per foot.<\/p>\n

Capital at Brickell <\/strong><\/a>\u2013 One block west of Brickell on Coral Way, 2 towers, 414 total units, 220 under contract, Developer paying 7% interest on deposits with closing starting in 2011. The second tower may convert to hotel. Cabi Development<\/p>\n

Jade <\/strong>\u2013 340 units completed in 2004, 60+ for sale in the MLS, 83 foreclosure actions under way, 24 listed for rent.<\/p>\n

Heading North through Downtown-<\/p>\n

50 Biscayne<\/strong><\/a> \u2013 529 Units, 333 closed, Related Group.<\/p>\n

Everglades by the Bay <\/strong><\/a>\u2013 849 Units in 2 towers, 95% contracted, closings to begin September 2008, developer looking for bulk purchaser to option all defaulted units at current pricing \u2013 buyer will receive 15% deposits from defaulted buyers. 20% default anticipated by developer. Cabi Development.<\/p>\n

MarinaBlue <\/strong><\/a>\u2013 516 units, all contracted, closings have just begun.<\/p>\n

900 Biscayne<\/strong><\/a> \u2013 516 units, 97% sold, closings to begin in March, 63 stories.<\/p>\n

TenMuseumPark<\/strong><\/a> <\/a>\u2013 200 units, 172 closed, 24 unsold, closing since mid-2007 50 available in the MLS at an average of $497 per foot.<\/p>\n

The Marquis <\/strong><\/a>– 306 units, 56 room hotel.<\/p>\n

Quantum on the Bay<\/strong><\/a> \u2013 698 units, sold-out, currently closing. Developer has defaulted units for sale, 24 re-sales in the MLS, averaging $379 per foot.<\/p>\n

The 1800 Club<\/strong> \u2013 469 units.<\/p>\n

MidtownMiami <\/strong><\/a>\u2013 3 buildings of 400 units currently completed and closing. Numerous commercial spaces available. All future building plans on hold. 80 available in the MLS averaging $399 per foot.<\/p>\n

This is a representative group of builings Downtown. For a map showing the complete list of buildings click here<\/a>.<\/p>\n

This is the DDA Map from last year but it gives you a good idea of what is built and what is still on the way.<\/p>\n

Please add your comments with any additional news on these or any other buildings downtown.<\/p>\n","protected":false},"excerpt":{"rendered":"

I spent Tuesday afternoon touring the Biscayne Corridor and Brickell with a group of Hedge Fund investors. In preparation for the tour, I spoke with many of the project development offices to get some talking points about each building. Here are my notes from that day: First and foremost – Metropolitan Miami’s Met 1– 447<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5539,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12161],"tags":[],"yoast_head":"\nBrickell\/Biscayne Construction Update -Tour Notes - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/brickellbiscayne-tour-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brickell\/Biscayne Construction Update -Tour Notes - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"I spent Tuesday afternoon touring the Biscayne Corridor and Brickell with a group of Hedge Fund investors. 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