Industry News

Brickell Flatiron residential high-rise reaches 55 percent sold

Ugo Colombo’s newest creation sees little impact of Miami luxury condo slowdown
  • Brickell Flatiron from CMC Group attracted a variety of buyers who've paid a combined $75 million in sales so far this year.
  • Units range between $400,000 and over $14 million, averaging $750 per square foot.
  • Completion is slated for 2019.

Despite recent sluggishness in the Miami condo market, over half of the 549 units at an under-construction Brickell condo high-rise are sold. Ugo Colombo, president of CMC Group luxury development, has a grand vision for the 64-story glass-clad tower called Brickell Flatiron. Located in Miami’s financial district, Brickell Flatiron attracts a wide variety of buyers who paid a combined $75 million in sales across the first two quarters of 2016. The majority of buyers are local to the U.S., but the skyscraper attracted international interest from Venezuela, Mexico, Argentina and Italy, too. [video width="960" height="544" mp4="http://www.inman.com/wp-content/uploads/2016/08/Excavation-Video.mp4"] Brickell Flatiron broke ground in March, with Moss Construction handling assembly. The foundation is set to be poured at the turn of the year, and completion is slated for 2019. Spectacular views and lavish amenities Brickell Flatiron offers units ranging between one and ...