Tall & Urban News

Brickell Flatiron, the new 64-story luxury condominium tower in Downtown Miami’s Brickell Financial District, has received its Temporary Certificate of Occupancy (TCO) from the City of Miami.

The milestone opens the door for closings to get underway as buyers take ownership of their residences, begin interior build-outs, and prepare to move in this fall. With its distinct flatiron shape and curvilinear façade designed by architect Luis Revuelta, the 736-foot (224-meter)-high Brickell Flatiron tower becomes one of the tallest condominiums south of New York City.

Brickell Flatiron, developed by CMC Group, has attracted a diverse mix of residents since launching in 2015, including a significant percentage of domestic buyers. While the tower has enjoyed steady sales activity among buyers from Mexico, Argentina, Italy, Venezuela and Colombia, US buyers have accounted for more than half of all unit sales to date. Approximately 70 percent of the building’s buyers came from US markets, evidence that Americans are increasingly drawn to Downtown Miami’s urban lifestyle, which comes at a fraction of the price of luxury living in other gateway cities.

Approximately 95 percent of the development’s 527 units have already been sold, with remaining residences priced from $790,000 to $3 million, and one upper duplex penthouse for $8 million.

“When we started developing in Miami in the early 1990s, our firm viewed Brickell and Downtown as a ‘blank canvas’ that would one day come to life as a vibrant residential and commercial district where streets were alive 24 hours a day,” said developer Ugo Colombo, Founder of CMC Group. “Brickell Flatiron stands out for its unique luxury lifestyle woven into the urban landscape and is a reflection of Miami’s coming of age as a cosmopolitan city with a thriving downtown at its heart.”

Delivery of Brickell Flatiron coincides with a rapid population boom in Miami’s urban core. Downtown Miami’s residential population has more than doubled since 2000 and grown by 40 percent since 2010, according to a recent demographics study by the Miami Downtown Development Authority.

Today, more than 92,000 people live in the area and that number is expected to eclipse 100,000 by 2021. This growth has been driven by the rise of vertical residential towers and the activation of a thriving streetscape that ranks among the world’s most dynamic urban centers.

Italian design architect Massimo Iosa Ghini took inspiration from Brickell Flatiron’s curved façade to outline the building’s amenity spaces. The tower’s 64th-floor rooftop encompass a Sky Spa, Sky Pool and Sky Gym, with 360-degree views of the bay and downtown Miami. A lap pool and separate children’s pool floor are on the 18^th floor.

In 2016, CMC Group completed the $22.5 million sale of Brickell Flatiron’s 24,800-square-foot (2,304-square-meter) ground-floor retail and restaurant space. The buyer, Elysee Investments, is a firm led by Avi Dishi of New York and Haim Yehezkel of Miami, which owns and manages a portfolio of commercial properties in New York and South Florida.

Headquartered in Miami, Florida, CMC Group is a full-service real estate development company and focused on residential, commercial and retail properties in South Florida. Its development portfolio of properties includes Bristol Tower, Santa Maria, Epic Residences and Hotel, Grovenor House, Porto Vita and 4000 Ponce/The Collection.

For more on this story, go to Brickell Flatiron.