This week in Miami Real Estate

judith Miami Agent Magazine, Uncategorized

Habitat Group is launching sales of the second tower at Smart Brickell, a condo, hotel and rental complex. The three-building project sold out the first tower, split between 50 hotel rooms and 50 condos. The developers plan to break ground on the next 25-story building in March 2019. Sales from the condo closed out around $19 million for the first tower and the estimated second, also split 50/50 like the first, is $19.5 million. Prices for units range from $300,000 to $600,000. Developer Santiago Vanegas said about 70 percent of buyers are investors and 30 percent are end users. Amenities will include a terrace, resort-style pools, a fitness center, a ground-floor café, a rooftop lounge bar and business center. Architects Hernando Carillo and Gensler are designing the project and Arquitectonica is designing fully finished units. Inside, apartments will feature smart home features, Bosch appliances and more.

This week in Miami Real Estate: Management hires, average homeowner age and more