Brickell Flatiron Reports Strong Sales In 2017, Now 70% Sold

Brickell Flatiron is reporting strong and steady sales in 2017, and just 30% of units remain left to sell.

In the past seven months, there have been 48 units sold at the 549-unit project, at an average price of $752 per square foot.

The average sales price is over $1 million apiece. Total sales volume over the seven month period is $55.7 million, including two penthouse units sold this week for a combined $4 million.

Buyers are said to be having no issues meeting deposit requirements, which is 30% at the current stage of construction (and 50% at top off.)

Construction is now approaching the 17th floor, and the project is on time and on budget for delivery in June 2019.

Flatiron is one of several Miami developments that dispute remarks made by Swire Properties Chief Executive Guy Bradley. Last week, Bradley told analysts that “we’re probably the only guys selling any [condo] stock” in Miami, after selling 19 units at Brickell City Centre over six months ending August 2017.

Brickell Flatiron is two blocks from Brickell City Centre.

 

Flatiron recently unveiled their penthouse collection:

 

(Photo Credit: CMC Group/Massimo Iosa Ghini)

 

construction progress: