Swire Properties has released their latest quarterly report showing that sales at Brickell City Centre are on the rise and on pace to nearly sell out by year end.
In total, 86% of the 780 residential condos at the Reach and Rise towers at Brickell City Centre have now been sold.
At the more expensive Rise tower, the developer said they expect to recognize the sale of eight units this year through January 29. That puts the tower on pace for sellout by the Fall, with a total of 81 units remaining.
The less expensive Reach tower has fewer units remaining – just 25 are still available. None have been sold yet in 2021.
The retail center has reached 95% leased as of December 31, 2020, compared to 90% a year before. However, sales dropped 43% during the year due to the pandemic forcing store closures.
The office space is 100% leased and was sold by the developer last summer. Swire says they will recycle the capital raised from the sale.
One Brickell City Centre, the 80-story second phase of the project, remains in planning, the developer said.
