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830 Brickell, With Plans For A Ricardo Bofill Condo Tower, Is Up For Sale

Ugo Colombo and Vladislav Doronin have decided to flip land in Brickell where they were considering building a condo tower.

The property is next to Related Group’s SLS Lux project and across from Brickell City Centre.

Colombo’s CMC Group had placed signs on the property advertising a 70-story ‘ultra luxury’ tower, in what some observers had said was an attempt to hurt sales at SLS Lux. Sales at CMC’s nearby Brickell Flatiron condo project have been weaker than at competing projects.

Marketing material for 830 Brickell, as the property is being called by brokers, shows that CMC had hired Catalonian architect Ricardo Bofill Leví to design the condo tower. Those plans have not been approved by the city.

Colombo and Doronin paid a total of $28.5 million for the .8-acre property. The purchase included the former Beacon at Brickell property out of bankruptcy in 2013 for $21.5 million, along with the neighboring Chicken Kitchen property for $7 million.

If sold, the pair will likely turn a nice profit. The listing broker told The Real Deal that he believes the land to be valued between $55 million to $65 million per acre.

 

Previously70-Story Brickell Tower Will Include Private Elevators (& Block SLS Lux Views)

 

 

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1 Comment on "830 Brickell, With Plans For A Ricardo Bofill Condo Tower, Is Up For Sale"


Anonymous
16 minutes 34 seconds ago

Good news for SLS lux…for now