12/13/2022 - LAW.COM

Brickell's First High-Rise Tower Partially Powered by the Sun in High Demand as Consumers Snatch Up Luxury Residences

South Florida is seeing high interest in ultra-luxury residential projects. One project, Brickell’s first high-rise residential tower partially powered by the sun, is seeing so much demand that it’s now converted its reservations to contracts after a short amount of time.

“Buyers are gravitating toward developments that offer vast amenity spaces they do not have to share with hotel guests that feature a wide variety of high-end amenities, such as expansive wine lounges, immersive wellness spaces equipped with highly personalized concierge services, and family-friendly common areas for all to enjoy,” said Yamal Yidios CEO of Miami-based real estate development firm Ytech.

The Residences at 1428 Brickell, a 70-story, 189-residence development by Ytech, is to be partially powered by solar energy, and it was recently approved by the Urban Development Review Board so the developer can seek permits to start construction. 

“The design and layout of the residence has become important with buyers looking for two-story units and carefully thought-out floorplans that provide ultra-livability,” Yidios said.

Since launching two months ago, the developer has seen great interest due to Brickell’s walkability and what Yidios says is a testament to the growing interest for projects focused on quality and exclusivity.

“Every facet of its design is expertly tailored based on extensive research to give owners a sense of privacy and belonging, and that is resonating with everyone who experiences the project,” he said.

The residences, designed by architecture and interior design firm ACPV ARCHITECTS and international architecture firm Arquitectonica, are priced between $2 million and $7 million. The fully furnished two- to four-bedroom units range from 1,800 to 4,000 square feet. The Penthouse collection is priced from $8 million to more than $40 million, ranging from 4,000 to 10,000 square feet. The residences have water views, with many residences featuring two-story layouts.

The Residences at 1428 Brickell will also feature more than 80,000 square feet of amenity space on three levels 860 feet in the sky. Amenities include a 10,000-square-foot gym with a weight room, HIIT room, an indoor/outdoor yoga room; a rooftop pool and atrium; and a hot spa and daybed lounging area. There will also be a two-story wine and fine art lounge, office suites, a private dining room, a juice and wellness bar, an immersive spa, an aquatic therapy area, a children’s recreation and learning center, and private guest suites. 

The Residences at 1428 Brickell are slated for completion in 2027. Cervera Real Estate serves as the sales team representing the property.

“Ytech’s visionary redefinition of luxury living makes The Residences at 1428 Brickell the right project, in the right city, at the right time,” said Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, in a press release.