MIAMI – South-Florida based developer Habitat Group and Miami-based sales team Cervera Real Estate announce several major milestones for Smart Brickell. After the successful sellout of Tower 1 and quickly reaching 60 percent sold on Tower 2, Habitat Group is now breaking ground on the three-phase development. In addition, the developer has selected award-winning firm, Beauchamp Construction, as the general contractor for the mixed-use hotel and residential project. Smart Brickell is slated for completion in 2021.
“The groundbreaking is a monumental milestone for our team,” said Santiago Vanegas, founder, CEO and president of Habitat Group. “Seeing our vision for West Brickell come to life is a significant step forward. Smart Brickell represents the future of living – incorporating key elements of smart use, smart design and smart tech. It’s a very exciting day for our team to see how this concept is transforming into the city’s first smart project.”
Smart Brickell is located in Miami’s world renowned Brickell neighborhood, just east of I-95 and west ofBrickell City Centre. The area’s westward expansion will offer new hotels and residences while keeping its proximity to top restaurants, entertainment, transportation and unparalleled access to all of Miami.
“Smart Brickell is setting the tone for the type of developments Miami needs,” said Alicia CerveraLamadrid of Cervera Real Estate. “Selling out in Tower 1 and reaching the 60 percent sales threshold forTower 2 in a short amount of time is proof that Miami has a demand for this type of product. Buyers arelooking for flexibility and Smart Brickell offers just that. The project continues to attract buyers from localand international markets.”
The master-planned development will consist of three smart towers designed by the distinguishedarchitect, Hernando Carrillo, interiors by interior design firm Arquitectonica Interiors and concept and branding by world-renowned firm Gensler. Towers 1 and 2 will include 50 hotel rooms and 50 condoseach. Tower 3 will consist of 97 residential rental units.
Transforming the landscape of West Brickell into one of the most desired places to live, Smart Brickellwill offer residents high quality amenities and world-class design. The building will include state-of-the-art technology including Wi-Fi enabled features such as Nest thermostats and Amazon Echo/Alexahome. Residents will also have access to a stunning amenity deck with a landscaped recreational area and an expansive terrace; two resort-style pools with a lap area and sun deck; a ground-level organiccafe; a spa and state-of-the-art fitness center; a rooftop lounge bar and a fully equipped business center.
With prices starting from the low $300,000s, investors are seeing a shift in demand to units withattainable price points. Offering exclusive advantages, unit owners will be able to rent out their condosup to 50 times a year using popular home sharing applications and programs such as Airbnb orparticipate in an optional two-year, fixed annual leaseback program that ensures two years rent at afixed rate.