Brickell City Centre Condos 60 Percent Sold
Hong Kong-based Swire Properties Limited released their fourth quarter earnings report last week, and provided an update on condo contracts at Brickell City Centre.
Sales figures at the project as of February:
- Reach Brickell City Centre, 334 of 390 units sold. Average price – mid $600s
- Rise Brickell City Centre, 151 of 390 units sold. Average price – high $600s
A total of 39 units were sold between August 18 and February. The sales pace was slower than in the March to August period.
Previously: Since March, One Condo Unit Has Been Sold Every Other Day At Brickell City Centre
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18 Comments on "Brickell City Centre Condos 60 Percent Sold"
The project launched sales in July 2014. That’s about +-500 units sold in 1.5 years since sales were launched. +-25 units per month.
Despite the slowdown mainly from the currency fluctuation, this project wil most likely get a boost as soon as some of other nearby projects begin returning deposits.
You bring up a great point. I wonder when will Flatiron start returning deposits? How long will they keep holding up folks with false deadlines.
Surely many of those buyers who want to stay in the area would eventually flock to BCC.
I believe the law requires 2 years before buyer has right to ask for return
I heard that Apple officially signed a lease at Brickell City Centre. Another great story for this game changer project.
Not a bad price for no water views.
Where would the 1000 ft tower go in this rendering ?
Technically it would be in from of East, see here:
I don’t, but I imagine it will be positioned in a way not to completely obstruct East’s view. I did find this on google though.
Thanks, I see it. I assume or imagine the 1000 footer is the one on the far right and will be Swire’s main tower with the Swire name.
Where is the 1000 footer in the rendering? Do you have one showing it ?
It would rise behind the “Reach” condo tower, next to the “East” hotel tower.
I think a key factor in the “slow down” was the announced completion of December 2015. Prospective buyer’s wanted to see a finished product at that late stage. Clearly missing their completion target played a role.
60% Is good for a project that’s not even done yet. Once it’s complete it’s a lot easier to get units sold. I mean be honest would you buy a condo that’s not doe yet just looking at renders? So to be fair i’m sure mostly all new condos experience the same thing.
Is this a good or bad figure? 60% after 5 years?
The Reach figure is strong. Rise is a bit weak. I think they made a mistake with “odder” floor plans and higher prices (versus Reach)
Disappointing sales figures, but not surprising as their prices are too high.
The prices are in line with new construction currently. Brickell House – which is unfinished and inferior from the “provided” finishes is on the same price scheme.
I don’t think there is clear future for One Brickell City Center specially if there is little demand for condos in this project. If i am not mistaken more than 50% of this tower square footage is for condo units,