Buying and selling residential real estate in Brickell in 2024? You’re not the only one. With multiple new condos taking to the sky, there’s a big buzz around Brickell these days.
You’re not alone if you’re interested in buying and selling residential real estate in Brickell in 2024. The neighbourhood is known for its high-rise luxury city living. It’s especially advantageous if you want to live close to your work. South of Downtown Miami and Southwest of Miami Beach, Brickell and Brickell Key offer convenient accessibility while great views and the convenience of condo living. With luxury amenities within your own building, there is barely a need to leave your building — unless you have to.
Why Buying and Selling Residential Real Estate in Brickell in 2024 Makes Sense
Close to Work
There has been a massive migration to Miami-Dade County in recent years. Lured by low taxes, cheaper real estate and a great climate, many companies from northerly cities or California have eyed Miami as a great setting for new company HQs. According to the New York Times, hedge funds and technology companies that relocated to the area during the pandemic or expanded there, have snatched up real estate.
The billionaire Kenneth C. Griffin purchased office buildings in Palm Beach and Miami’s trendy Brickell district, where he intends to build a skyscraper to house Citadel, his hedge fund. Since the start of 2023, newcomer tenants have accounted for 21 per cent of the 3.8 million square feet of active deals in Miami-Dade, said Tere Blanca, chief executive of Blanca CRE. Rents have held steady and risen in some of the hottest neighborhoods, like Brickell.
If you want to skip the commute, living in one of Brickell’s many high-rise condos makes perfect sense.
Shopping & Dining
With jobs and condos come shops and restaurants. Brickell has some great retail options. Here are just a few:
1) Brickell City Centre: 701 S Miami Ave, Miami, FL 33131
This massive $1 billion development features four levels of premium world-class cuisines, top-rated boutiques, and entertainment, interconnected over three city blocks, with the 107,000-square-foot Saks Fifth Avenue anchoring the Brickell City Centre.
2) Mary Brickell Village: 901 S Miami Ave, Miami, FL 33130
An open-air, low-scale village in the heart of the city, with retailers including Atikshop, Edward Beiner, HYP, Publix, and Studio D, as well as multiple dining options.
3) Village Portico: 227 SW 8th St., Miami, FL 33130
Another outdoor shopping center has multiple dining options, pharmacies, and banks.
4) Calle Ocho :762 A SW 18th Ave, Miami, FL 33135
Add some much-needed cultural color to your Brickell experience. Little Havana is only a 4-minute drive from Brickell. Here you’ll find Calle Ocho, the main thoroughfare of Little Havana filled with local artisan shops, thrifting boutiques, Cuban clothing, art galleries, and delicious Cuban specialities.
Accessibility
Brickell’s financial district has a distinctly New York feel to it if you want to minimise miles on your car and time in traffic. Everything you need to live, eat, work, and shop can be found within an easily accessible urban core. Plus, you’re only a short drive away if you want to visit other Miami neighbourhoods like Miami Beach, Coral Gables, Coconut Grove, and others. In addition, Miami’s free Metromover – one stop is located right outside Brickell City Center — only increases accessibility.
Top New Condo Developments Coming to Brickell in 2024
The Residences at 1428 Brickell
Designed by Antonio Citterio, Miami’s latest pre-construction condominium development soars to 70 stories and offers offers 189 fully finished residential units; a quarter of the building is exclusively dedicated to two-story residences. There are multiple floor plans, ranging from two to four bedrooms plus a den, spanning 1,800 to 4,000 square feet of exquisitely tailored living space. The Penthouse Collection features floor plans ranging from 4,000 to 10,000 interior square feet with 30-foot-high ceilings. The Residences at 1428 Brickell will also feature a rooftop pool, a state-of-the-art fitness centre, a spa, a wine cellar, a cigar lounge, and a private club room.
The St. Regis Residences, Miami
A pre-construction development is gracing the waterfront along 1809 Brickell Avenue. This venture is a collaboration between The Related Group and Integra Investments. Rising 50 stories in South Brickell, The St. Regis Residences Miami will command waterfront views and offer 152 units, ranging from two to four bedrooms plus a den, with sizes from 1,700 to 6,000 square feet. The St. Regis Residences Miami will also boast duplex units and penthouses with private pools and outdoor kitchens. Amenities include the spa, Tea Room, and Cognac room. It will also offer a marina/yacht club, a pool deck, a fitness centre, a library, and a business centre.
Cipriani
Cipriani, a pre-construction development, is located at 465 Brickell Avenue. This project is a joint venture between Cipriani Group, the world-renowned hospitality brand, and OKO Group, the international real estate developer led by Vladislav Doronin. Cipriani will rise to 64 stories and offer 397 units, ranging from one to four bedrooms, with sizes from 700 to 3,500 square feet. It will also feature penthouses and sky villas with private pools and terraces. Cipriani will bring its legendary style and service to Brickell with a signature restaurant, a rooftop lounge, a spa, a fitness centre, a pool deck, a cinema, a library, and a kids’ club. The condo development will also offer a membership program granting residents access to exclusive benefits and privileges at Cipriani locations worldwide.
Conclusion
If you’re coming from New York, are used to apartment living or don’t want the hassle of a commute, Brickell is the place for you. Lawn care sucks up time and money in Florida, especially during the rainy season. Brickell is a New Yorker’s Miami dream — all the amenities of high-rise living without the bad weather…or crocodiles! Talk to Mak Realty about finding your ideal new Brickell home or investment to capitalize on the high demand for short-, mid-and long-term rentals.
If you own a pre-construction home or wish to cash out/trade up in Brickell, talk to Mak Realty about finding a buyer or buying a new home. It’s a neighborhood where you can’t go wrong.
