Brickell City Centre Condos Are 80 Percent Foreign Owned

About 80 percent of buyers at Brickell City Centre are not U.S. citizens, according to Fortune International Realty’s Walter DeFortuna in an interview in Forbes.

Many of the units sit empty most of the year, with about half of units occupied year-round. DeFortuna said that is changing though, with more year-round residents and “constant traffic” in and out of Brickell City Centre.

Fortune is part of the team handling sales at the project.

On May 15, developer Swire Properties told shareholders that 356 of 390 units had been sold at the Reach condo building, with 188 of 390 units sold at Rise. Since then, just two deeds have been recorded in county records.