Brickell is not only transforming into a true 24/7 city, but attracting worldwide recognition. Innovative skyscrapers have helped brand it as one of the most prestigious neighborhoods in the county. There is a collection of cool and low-key bars and boutiques that are magnets for young professionals. The culturally heterogeneous mix of people that live and work in Brickell have led to a recent surge in commercial activity. Brickell is alluring due to its pedestrian-friendly environment featuring select local merchants and specialty restaurants. Its strategic location, surfeit of amenities and unique urban atmosphere have led to increased demand for residential space in Brickell. Cranes are again in the air. Several projects are under construction in the market with many more in the planning stage. International buyers who purchase second or third homes here and young professionals migrating to the urban core are each driving the current wave of residential real estate development, which is being absorbed at a rapid pace.
Swire Properties broke ground on its $1 billion City Centre project in June 2012. The nearly 3 million square foot mixed-use development will bring an additional 800,000 square feet of office space, 625,000 square feet of retail space, a 263 hotel rooms, and more than 909 residential units.
Brickell City Centre’s 150,000+ square foot Climate Ribbon® lattice system is an environmental prototype in innovation and sustainability features. With its copious green building features, the project will seek LEED® gold designation while bringing about a new paradigm in urban development. The project’s revolutionary site-integrated Metromover light rail station will help mold Miami into a pedestrian-friendly community.
Opening of phase one; including hotel, retail, condominiums, apartments, office and wellness, is scheduled for the end of 2015. The final office tower is planned for completion in 2018.
The project is a testament to Swire’s confidence that Miami is a major global destination.