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:

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Paul
3 years ago

I’m in FIU rn this is my dream residences. Hopefully if I stay focus and continue to work hard, I’ll be able to live here one day.

Anonymous
3 years ago

Thumbs up. That’s the right attitude.

Anonymous
3 years ago

I thought Swire is “the ONLY developer still moving units”…smh

marc
3 years ago

From the Trump school of marketing.

Anonymous
3 years ago

Very happy to see TNM reporting on the steady sales of units. It is important to keep the facts straight and show your readers and the public at large an accurate depiction of unit sales in our ever growing downtown. Thank you!

Oscar
3 years ago

These renderings are amazing.

Anonymous
3 years ago

Stunning building… So Miami!!!!

Anonymous
3 years ago

Love the building, the interior design of the penthouses is a bit odd though…

BOA
3 years ago

i hear you, contemporary with a modern air and classical elements…retro-cool!!

Anonymous
3 years ago

Well, they may be correct. How many units does Flatiron have in stock?

William
3 years ago

In Nov 2015 TNM reported the tower 50% sold. And today at 70%, means they sold an additional 110 units in the last two years. The story says 70 units were sold in the last few months but that doesn’t make much sense. I’m excited for them but certainly have my reservations about these news stories.

Here is the old article: https://www.thenextmiami.com/brickell-flatiron-rep-says-half-of-units-sold-groundbreaking-by-year-end/

Anonymous
3 years ago

Who give a sh!t…they’re building it.

Anonymous
3 years ago

The main advantages with this tower is the quality and finishes will be significantly better than the disappointing standard Related interiors.

Anonymous
3 years ago

Who’s still in denial that prices will drop another 15-20%?

Anonymous
3 years ago

I’ve got 3 units under lease, don’t care, I’m making a decent yield.

Anonymous
3 years ago

Let’s see when it’s finished …. rendering always make miracles :-/

Anonymous
3 years ago

Why is it still called Flatiron when it has the typical Ugo Colombo rounded edges and no point/tip?

Anonymous
3 years ago

The original flatiron building is rounded at the edges…

Anonymous
3 years ago

Do you think when this building is done neighboring units will benefit pricewise??
I saw a unit just closed in the Heights that was for sale for 799k and closed at 550k..three weeks on market…scary!

Anonymous
3 years ago

Crazy how Cervera also got fired from this project. They must be losing business all over the place.