Brickell House Miami CondoDowntown Miami is back! The BrickellHouse is the first major project to break ground in this area since 2008. A new 46-tower condo, is scheduled to open in 2014.

PROGRESSIVE. CONFIDENT. BRILLIANT.

BrickellHouse, located in Miami’s most prestigious and exclusive area – Brickell, represents the future of urban living. Because of its complexity and modernity it is a condominium that you have never seen before. BrickellHouse is Miami’s latest and most revolutionary address filled with advanced technology. It symbolizes the progressive lifestyle as life in Miami’s Brickell moves at the pace of technology. There is so much energy that thrives in the downtown environment of BrickellHouse.

THE CENTER OF MODERN LIVING.

BrickellHouse Miami condo is a state-of-the-art building, with cutting-edge green-building technology that includes a secure, fully automated parking garage. BrickellHouse Miami condo features a roof-top situated on the 46th floor, with a swimming pool and a sundeck with stunning water and skyline views; a 50-foot-long lap pool with poolside cabanas and a large heated whirlpool spa; a luxury spa with a sauna, steam and private treatment rooms; a fully equipped, state-of-the-art fitness center with HD TVs and wireless audio and many more amenities.

Brickell House Miami CondoBrickell House Miami CondoINTELIGENT BY DESIGN.

BrickellHouse Miami condos offers unique residences which boast floor-to-ceiling windows and feature inspiring views of city skylines and the crystal-blue horizons of Biscayne Bay. They have spacious modern layouts from 500 to 5000 Sq.Ft. with expansive private balconies. Open layouts are highlighted by high-end finishes and high-tech conveniences. BrickellHouse Miami condos reflect a forward-thinking approach to life and aesthetics in every possible manner.

Brickell House Miami Condo

Brickell House Miami Condo

MIAMI’S MODERN MOVEMENT.

BrickellHouse Miami condo is located in Miami’s most chic and progressive neighborhood, just minutes away from other popular destinations such as Miami Beach, Key Biscayne, Coconut Grove and Coral Gables. In the close proximity are: the New World Symphony, the Adrienne Arsht Center for the performing arts as well as the American Airlines Arena. That’s not all, there are several large urban projects to arrive like the $3 billion Resorts World Miami, a 10-millionsquare-foot complex that is slated to include Miami’s first casino and the new Miami Art Museum (MAM) which will be located in the heart of water-front Museum Park.Brickell House Miami Condo

If you want to buy at the best prices, now it is definitely the time to buy in Brickell!

If you are interested in Miami Beach condos or South Beach real estate visit our website: http://www.bryanandbill.com/ or give us a call at 305-791-2349.

Murano Grande South Beach Real EstateThe luxury condo resale market in Miami Dade County has seen a strong recent upswing, but will it last?

As difficult as it may seem to fathom, given the current macroeconomic data plaguing South Florida, indications are growing that the luxury condo resale market in Miami-Dade County is back — at least for the time being.
Foreign buyers with strong currencies complemented by a scattering of wealthy domestic purchasers acquired more $1 million condos in 2011 than in the last year of the South Florida real estate boom in 2006, according to an analysis of data from the Southeast Florida Shared Multiple Listing Service Database.
Buyers purchased nearly 590 condos for at least $1 million each in 2011 after acquiring less than 500 high-priced units in 2006.
On a year-over-year basis, the 2011 luxury condo resale activity represents a 29 percent increase from 2010 when fewer than 460 units were purchased for at least $1 million each in Miami-Dade.
Weeks into 2012, an additional 100 luxury units are already under contract waiting to transact.
Topping the list for the most expensive condo resale in the year 2011 is a penthouse in the Setai Resort & Residences in Miami Beach that sold for $21.5 million.

Setai South Beach Real Estate

A pair of units in towers on South Pointe Drive in Miami Beach’s South of Fifth neighborhood rounded out the top three rankings for the highest priced resales for 2011.
In separate transactions, buyers paid $11.5 million for a penthouse in the Apogee condominium and $10.6 million for a high-floor unit in the Continuum On South Beach, respectively.
The resurgence in the luxury resale market has inspired an increasing number of owners – who had previously been unwilling to accept lower prices during the last five years of the real estate crash – to put nearly 1,000 condos on the resale market with an asking price of at least $1 million each.
Nearly 20 ultra-luxury condominium units are on the resale market for at least $10 million each with one unit asking as much as $38 million in the wealthy enclave of Bal Harbour.
Developers are also taking notice of the resurgence in the luxury condo market.
At least five new luxury condo towers – ranging from the one-unit-per-floor Regalia to the drive-the-car-to-the-unit Porsche Design Tower in Sunny Isles Beach – are planned or under construction in Miami-Dade County where the proposed sales prices are expected to surpass $1 million each.
The luxury condo revival in Miami-Dade County is not occurring at the same pace in Broward County where foreign buyers play a somewhat more limited role in transactions.
Buyers purchased less than 70 luxury condo resales in Broward County in 2011 compared to 100 high-priced units at the top of the market in 2006.
On a year-over-year basis, 2011 luxury condo resales in Broward County are up 11 percent from 2010 when 61 condos traded at a price of at least $1 million each.

Icon South Beach Real Estate
Going forward, it is unclear if the Miami-Dade luxury condo market can maintain the resale pace given the current economic challenges in the European Union with the erosion of the Euro currency, the adoption of unpopular austerity measures and a series of downgrades by at least one influential rating agency.
Western European buyers from counties such as France, Germany, and Italy represent 19 percent of the estimated $318 million in monthly sales in the Miami-Fort Lauderdale-Miami Beach market attributed to foreign investors, according to an August 2011 report by the National Association of Realtors.
After buyers from Venezuela, the Western European buyers are the second largest concentration of $1 million buyers of any international group purchasing in Florida, according to the report.
An estimated 12 percent of Venezuelan buyers spend at least $1 million while six percent of Western Europeans are purchasing in that high-priced category.
By comparison, an estimated two percent of buyers from Brazil spend $1 million and one percent of buyers from Canada are in the high-end price range, according to the study.
Another issue facing the Miami-Dade County luxury condo market is the growing number of units available for purchase on the resale market aside from the unsold developer units remaining from the last real estate boom.

Apogee South Beach Real Estate

Even at the strong 2011 resale pace of an average of nearly 50 units per month, Miami-Dade County has about 20 months worth of high-priced condos currently available for purchase.
Many industry watchers consider a healthy market to have about a six-month supply of inventory.
Reinvigorated sellers with optimistic pricing expectations are another issue facing the luxury condo market.
Sellers of luxury condos are currently seeking a median price of more than $1.75 million in 2012 compared to median transaction prices of $1.6 million in 2011, $1.5 million in 2010, and $1.51 million in 2006.
Given the emerging economic and psychology issues combined with continuing challenges associated with obtaining financing, it is unknown if the Miami-Dade County luxury condo market can maintain the 2011 sales momentum into the latter half of the year once the winter tourism season ends in the second quarter.

Read more here: http://www.miamiherald.com/2012/01/22/v-fullstory/2601915/miami-dades-luxury-condo-resale.html#storylink=cpy#storylink=cpy#storylink=cpy

South Beach Real Estate - South of Fifth

Marquis Residences, a luxury residential condominium towering 67 stories above Biscayne Bay, is the crown jewel of real estate in downtown Miami. Fittingly, the property’s developer, Africa-Israel USA (AFI USA), recently received the ‘Highly Commended Award’ in the International Property Awards’ High-Rise Residential category.

AFI USA was among leading developers from across the Americas who gathered at The Savoy Hotel in London for the Americas Property Awards presentation which was co-organized by Bloomberg Television and Google.

“It is a true honor for Marquis Residences to be recognized as one of the nation’s foremost residential high-rise developments,” said Tamir Kazaz, CEO of AFI USA. “Interacting with renowned international developers at The Savoy Hotel brought the entire experience to life – what a memorable occasion!”

Established 17 years ago, the International Property Awards is a prestigious property competition in which 60 professionals judge residential and commercial developments from across the world. This year’s judges included James Bacon, UK account manager of Google; Peter Bolton King, group chief executive of the National Federation of Property Professionals; David Dalby of the Royal Institute of Chartered Surveyors (RICS); and Mike McNamara of the Royal Bank of Scotland (RBS).

Perfectly located at the intersection of Miami Beach and the art and entertainment district of Miami, the Marquis condo is an ultra-luxury 67 story, crystalline sculpture with breathtaking views. This luxury bay view condominium was designed by the world renowned architectural firm Arquitectonica and features 292 remarkable residences.

At night, the original light sculpture “Biscayne Beacon” glows atop the Marquis condo which enhances the city of Miami. Moreover, the “Miami Rain” washes the building and as a result of it, you can see an incredible changing color palette with a blend of sun, sky, water and city.

If you want to read more about the Marquis Miami condo or get information about other Miami, Miami Beach or South Beach condos, please go to: http://www.bryanandbill.com. We encourage you to call the Bill and Bryan Team to pose questions or to arrange a private showing 305-791-2349.

Downtown Miami Condo

December 16, 2011

Filling station lofts miamiUncompleted Filling Station Lofts heads to auction

The stalled Filling Station Lofts project in Miami is slated for auction after its developer lost a $41.1 million foreclosure judgment.

Versa Capital won the judgment against Filling Station Lofts LLC, which is affiliated with Miami-based Intrepid Group, over a $26.9 million mortgage, plus interest and fees. The loan was originally granted by Ocean Bank in 2005. The loan was sold in 2009 to Versa Capital, which is managed by Nancy K. Galbut.

Several construction vendors tried to force the developer into bankruptcy court to prompt payment, but that attempt failed.

The partially completed 17-story project, at 1650 N.E. Miami Court, is set for auction Jan. 12. The 100 units were 1,000 to 4,000 square feet with high ceilings. The plans for Filling Station Lofts included a swimming pool, hot tub, sundeck, indoor basketball court and fitness center.

Midtown Miami Condos

November 14, 2011

This section in one of the greatest cities of the world, Miami, has been renowned and renovated at a rate that allowed the development of Midtown to flourish and shine in the Magic City. This project is a huge success and will continue to always be a must-see area in the city of Miami. There is a major urban shopping area known as “The shops at Midtown” which include many known retail stores. It will for sure continue to boom. Midtown Miami is also the place to be during Miami’s Art Basel week which hosts the Miami Art Fair.

The 2 Midtown Miami is a world of its own. It is one of the first projects that have a NY style which blends urban with everything that defines hip. It is amazing that it is located in an area which is one of the biggest development in the state of Florida. The future is here and it is for sure for the residents of the 2 Midtown. Restaurants, shops, cafes, gardens are all within a small reach which enriches the quality of life at the 2 Midtown.

Midtown 2 Miami CondoMidtown 2 Miami CondoMidtown 2 Miami CondoNearby is the Paramount Bay Condo. This is a gateway to culture, fashion, commerce and everything that can ever be desired. Luxury is perfected and specifically designed in a way that the residents of the Paramount Bay Condo will definitely live a happy life. The future is a title that defines the Paramount Bay Condo with smart home technology as your hands could control everything inside your home. There will also never be a problem as onsite technology will give you the access to the concierge to fix any issues if they would ever arise. With amazing views through the floor-to-ceiling glass windows, every single day is a magical mystery through the sunrises and sunsets shine through the rooms.

Looking for a Miami Realtor? The Bill and Bryan Team are here to help. Visit their site www.bryanandbill.com to view thousands of South Beach Condos and other Miami Real Estate all updated daily.Paramount Bay Miami condoParamount Bay Miami condo

Epic Miami CondoAs the major financial district of the Magic City, Miami, the gateway to the Americas is found in the neighborhood of Brickell. This is one of the most important areas in the entire city of Miami as it is home to the largest concentration of international banks in the nation. Brickell is also one of the fastest growing areas in the city of Miami including the iconic skyscrapers that define this tropical city. Right at the center of Brickell is the Mary Brickell Village that has a great concentration of restaurants, boutiques and high-class retail.

The Four Seasons Residences encompasses all aspects that define the Brickell area. Past the 40th floor the area for residential condos begins; therefore people who call the Four Seasons home have some of the best views in the entire city of Miami. In all directions you have wonders such as the Atlantic Ocean, Biscayne Bay and Key Biscayne, and all viewable through fabulous floor-to-ceiling windows. Perfection is the Four Seasons’ middle name, so the 40,000-square-foot Sports Club/LA Miami is one of the numerous amenities that are exclusive to the Four Seasons Residences. Quick fact: The Four Seasons is the tallest building south of Manhattan on the US eastern seaboard.

Miami condo

Four Season Miami condoRight around the corner is the extraordinary 900 Biscayne Bay condo with amazing 63 floors that overlook all the best locations in Miami. The 900 Biscayne Bay is just a stroll away from the Bayfront Park and the Bayside. Residents of the 900 Biscayne Bay are witnesses to the future as this multi-story masterpiece is equipped with semi-private elevators leading up to double-door front entrances that give access to your own piece of heaven.

900 Biscayne Bay Miami condo

900 Biscayne Bay Miami condo

Brickell is full of jewels and the Icon Brickell condo is one of the neighborhood’s most luxury condos. 3 Towers with 1,800 units gives the title of largest complex in Brickell to the Icon Brickell. Life is perfected in the Icon Brickell as amenities of all kinds are available to the residents of this Miami condo.

Icon Miami condo

Icon Miami condoThe Jade, Santa Maria and the Epic condo are also representatives of the best Miami condos. All with great amenities, comfort, elegance and all are a gateway to the future.

Epic Miami Condo

Brickell is definitely the place to live in to see development and progression. We are looking forward to see what the future of Brickell will bring! Visit our website: www.bryanandbill.com for more details or call us at 305-791-2349.

South Beach condosDevelopers are preparing to launch the next wave of condo towers in downtown Miami, targeting international pre-construction buyers who can pay in cash.

The aftershocks of the last housing boom are still lingering, but developers are once again rushing to buy up land and erect new condo towers in downtown Miami’s burgeoning metropolis.

At least six new condo projects are slated to break ground in Miami in the coming years, with developers promising to announce several additional projects soon.

For skeptical housing analysts and weary homeowners, the sudden flurry of developer excitement in the midst of double-digit unemployment and stagnant home prices brings back not-so-distant memories of the last housing boom, and its epic bust.

This time is different, say the developers, who profess to have learned their lesson and are adopting financial models with far less risk than the 20-percent-deposit pre-sales that were popular during the last building boom.

“It’s time to think of where we’re going to be rather than where we are,” said Harvey Hernandez, whose Newgard Development Group recently announced plans for a new condo tower called Brickell House at 1300 Brickell Bay Dr. “It could not be a better moment for us to launch a project.”

So why the sudden rush to build again?

In addition to downtown Miami’s growingSouth Beach condos population and reduced construction costs, it’s a function of supply and demand. Developers point to an inventory of new condos that has, at least on paper, shrunk quickly over the past two years as cash buyers have bought thousands of units at discounted prices. South Florida condo resales are up 65 percent this year, and only about 2,000 of the 23,000 downtown condos built during the boom remain unsold.

The demand is coming, almost exclusively, from outside Miami. Buyers based in Latin America, Canada, Europe and the northeast United States have spent more than $3.8 billion on South Florida real estate this year, helping boost sales. International buyers account for about 90 percent of new condo sales, according to the Miami Association of Realtors.

Builders believe the surging international demand is strong enough to support new condo towers.

They are also using a more cash-focused financing model this time, hedging risk by requiring buyers to pay as much as 80 percent of the full price of a condo before construction is completed. Under the arrangement, buyers pay 20 percent at pre-construction, 20 percent at ground-breaking, and another 30 to 40 percent as the tower is topped off and approved for occupancy.

“The beauty of this business model is it separates the men from the boys,” said Craig Studnicky, principal of RelatedISG, a new development and sales partnership with Jorge Perez’s Related Group. “There are no speculators. The contracts are not assignable. These are people that are planning to live there or invest and use them as rentals.”

Whether developers’ line of thinking will prove profitable remains to be seen, as the proposed financing model — popular in Latin America — has never been tested on a large-scale basis in the United States.

William Hardin, a professor of real estate and finance at Florida International University, said some of the developers are simply testing the market. They might make splashy announcements and host lavish launch parties, but if the cash-buyers don’t materialize, the projects will never be built.

“You have a lot of posturing going on,” he said. “Everyone’s talking, but not every one of those plans are going to stick.”

Paramount Bay Miami condoThe Related Group is at the forefront of testing the cash-heavy , foreigner -reliant pre-sale model, having put many of the troubles of the real estate bust behind it. The firm’s grandest project, ICON Brickell, experienced the spectrum of ups and downs as the last cycle played out. Pre-construction buyers lined up to snag units when the three-tower project launched in 2006, and then walked away from their deposits en masse when the market tanked. Two of the towers eventually reverted back to lenders in a “friendly foreclosure,” but rapid sales this year helped Related and Fortune International Realty nearly sell out the project’s 1,800 units.

Now, Related is ready to build again. The firm has plans to begin constructing at least six new condo projects in the next year, and two of them have been officially announced.

One of those projects, called My Brickell, at 30 SE Sixth St., is set to break ground early next year, bringing 192 units to the market.

A little further to the south, the developer of long-postponed Sky Palace at Mary Brickell Village appears to be kickstarting plans to build the 35-story luxury tower above the Publix shopping plaza at 911 SW First Ave. Project spokesman Stylianos Vayanos said new announcements on the project could come within the next few months..

The Genting Group’s proposed Resorts World Miami, a $3 billion casino destination to be located at the site of The Miami Herald, would include two residential towers, with 1,000 condo units.

Other projects, including 23 Biscayne (601 NE 23rd St.) and Brickell CitiCentre (South Miami Avenue and SE Seventh Street) will add hundreds of new condo units to downtown. Outside of downtown, high-rises like Bellini Williams Island in Aventura (4100 Williams Island Blvd.) and Apogee Beach in Hollywood (4053 S. Surf Rd.) have already begun sales.

While international buyers have helped reduce the current inventory substantially, the supply of homes on paper could differ sharply from the true inventory. For example, many of the recently sold condos were purchased by bulk buyers and investors at deep discounts. When the market begins to rebound, those investors will likely put their properties back up for sale.

According to data from Miami Beach-based Condo Ratings Agency, only 19 percent of condo owners in downtown Miami claimed a homestead exemption last year, an indication that investors and second-home owners control the market. Banks also own thousands of foreclosure condos that are being held off the market as part of the region’s “shadow inventory.”

Paramount Bay Miami condoRecently relaunched projects like Vizcayne and Paramount Bay — the latter a 346-unit high-rise at 2020 N. Bayshore Dr. — do not show up as “developer inventory” because they were purchased in bulk out of distress. Still, those brand new units are being heavily marketed in the same Latin American cities where developers are pitching their new projects. As more developers announce new projects, competition for international buyers promises to be fierce.

That’s partially because the domestic market for new condos is basically non-existent. With less than 10 percent of downtown’s condo buyers based in Miami, the real estate market has never been quite as dependent on foreign buyers.

Recession-weary South Floridians have become a minority of the market and developers acknowledge that the 70 percent deposit financing model virtually shuts all locals out of the market.

I want a buyer that can pay cash — no financing,” said Hernandez, “Our buyers here [in South Florida], nobody has 70 percent. Nobody can afford that.”

But relying on the Latin American and international markets is certainly not risk-free.

A cooling off of international demand or a downturn in the Latin American economies in the next three years could severely hamper the progress of the proposed projects. The Brazilian real, which has occasionally declined against the dollar in the past few weeks, offers an example of potential volatility in Latin American economies.

And recent data show that the appetite of international buyers may be beginning to wane. Sales of new condos fell 33 percent in the third quarter compared to last year, according to the Bal Harbour-based consultancy Condo Vultures.

Still, international interest in Miami real estate remains strong, said Edgardo Defortuna, president of Fortune International Realty. With condo prices in São Paolo up more than 30 percent in the past year, relatively low-priced Miami still looks attractive to well-heeled international buyers looking for second homes.

“A condo in São Paolo that was selling for $500 a foot in 2005 is now probably trading for $1,500,” said Studnicky. “A condo in downtown Miami that was selling for $1,000 is now selling for closer to $500 a foot. It’s completely flipped.”

Read more: http://www.miamiherald.com/2011/10/29/v-fullstory/2478900/condo-mania-20.html#ixzz1cNnLVOlM