Brickell: From Miami’s Financial District to a Luxury Residential Area
The development of premium projects is growing, offering units with panoramic views and first-class amenities. Additionally, more services and shopping areas are being added.
After consolidating itself as one of the main financial hubs in South Florida, Brickell is now expanding its real estate offerings to become not just a professional destination but also a mecca for dining and entertainment.
With high-end restaurants located within walking distance of some of the area’s most luxurious condos, which are also expanding, Brickell is tapping into the preferences of its new residents to create cuttingedge gastronomic concepts.
“The Brickell area is one of the most sought-after in Miami,” says Patricia Elena Gatti, a real estate agent associated with the firm Fortune/Christie’s International Real Estate. “Many major financial companies are moving from Chicago to Miami, and at the same time, luxury developments are emerging.”
While Brickell remains a financial center, it is also adding services like shopping centers with top-tier brand stores.
“Currently, there is a large influx of young people, mostly singles, aged 30 to 40, coming from New York and California. In the past, South Miami concentrated retirees. However, today, a lot of young people are coming to enjoy the vibrant dining and cultural scene,” Gatti explains.
This segment also includes Europeans, Italians, French, and Latinos, especially Argentinians, Cubans, and Colombians, who are at the top of the list.
“Besides the favorable climate, the landscape, the level of development, and the services, the area attracts people because of the tax benefits. While federal taxes must be paid, there are no state taxes,” adds the broker.
Nick Perez, Head of the Condominium Division at the developer Related Group, comments, “Recently, we’ve noticed a growing demand for more affordable condominiums, especially among young professionals and international buyers looking for second homes. That’s why projects combining design and first-class amenities are emerging.”
This audience rents, buys, and invests. The monthly rent for a two-bedroom apartment starts at $2,500 per month. Meanwhile, used two-bedroom apartments are priced from $400,000. For new units, prices start at $800,000 as they are luxury projects.
Developed by Related Group and Integra Investments, with design by Robert A.M. Stern Architects (RAMSA) and interiors by Rockwell Group, St. Regis Residences is located on a waterfront lot. It is a 50- story tower with 152 luxury residences, ranging from two to six bedrooms, including penthouses and exclusive villas.
Another new development is Viceroy Brickell, developed by Related Group and its partners GTIS, which will have 420 residences and offer various types: studios, one- and two-bedroom apartments, ranging from 45 to 120 m², along with a variety of amenities.
One Twenty Brickell Residences is another 34-story tower redefining the concept of luxury and functionality. Ryan Shear, managing partner of the developer Property Markets Group (PMG), says, “It has 240 residences, each with a private office. Plus, a wide range of amenities to live, work, and relax without needing to leave home.”
The project The Residences at 1428 Brickell aims to define the concept of a luxury condominium with high levels of comfort and elegance. Yamal Yidios, CEO of the developer Ytech, says, “It was necessary to redefine the concept of luxury living in this market and create a truly differentiated project.”
Developed by Fortune International Group, Ora Casa Tua has 533 apartments, ranging from studios to four-bedroom units, all furnished, with a variety of amenities to enjoy. It offers flexibility for short-term rentals (minimum three days), seasonal, and long-term leases.
Another luxury project in Brickell is Cipriani, an elegant 80-story tower with a cascading curved glass facade. It features 397 residences, including penthouses with private pools and panoramic views of Biscayne Bay. It also offers a range of amenities.
