Condo Sales On The Rise At Brickell City Centre In Q1, Retail Sales Up 33%

Swire Properties released a quarterly earnings report last week to shareholders showing that retail and condo sales at Brickell City Centre were much higher than last year.

Retail sales for the three months ended Mar 31, 2019 were up 32.8% at Brickell City Centre’s mall, the company said.

Condo transactions also increased. There were 22 condo sales since the last quarterly report.

As of May 7, there were 270 of 390 units sold at Rise Brickell City Centre, compared to 248 sold as of January 25. Prices there average in the high $600s per square foot.

No additional units were sold at the Reach condo tower, where 363 of 390 units are sold.

One Brickell City Centre, a proposed supertall tower, remains a future development under planning with no update on its completion date, the report states.

 

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Anonymous

Cutting prices works. Who knew?

Anonymous

“One Brickell City Centre, a proposed supertall tower, remains a future development under planning with no update on its completion date,”

Update on it’s completion date? Heck, we’re waiting to finally hear about the ground breaking date.

Anonymous

Success story for Swire.

Anonymous

Love how lively the streets are starting to look in Brickell when the sun starts going down. This is the type of look developers are trying make Downtown into.

Anonymous

downtown will get there. Just behind a few years.

Anonymous

Yeah, I know.. can’t wait to take a trip on Virgin train though from Miami to Orlando and spend a day at Disney World.

Alto

Glad to hear sells are improving but unfortunately they still have 150 units or 20% of the units to sell…it has been a little too slow to turn around the remaining inventory. Considering this, I don’t foresee the next condo phase part of BCC to start anytime soon. Office, hotel rooms, and retail on the other hand might show demand sooner but One BCC integrates all 4 markets and will be on hold until the new wave of residential demand starts again.

Anonymous

All I read is that Sales continue to be slow. It will take another year till the project sells out. That’s coca-cola, not champagne.

Alpina

So what’s the porcentage of vacant space in BCC?

Anonymous

Wait until the next iPhone comes out.

Anonymous

Is it true La Centrale is closing?

Anonymous

It is awful so it wouldn’t surprise me.

Gringo

Its always busy there…I asked the management, they said they are doing great…

Anonymous

Well they all say that…it is expected but every time i go it doesn’t look that busy.

Anonymous

I was just thinking the same thing, the food hall at Saks is much busier.

Anonymous

Unfortunately, Miami is not a foodie destination. Most people here are happy with a croquetica, a pastelito and an insipid Cuban bread with margarine. There’s no gourmet culture.

Anonymous

To expensive that restaurant

Anonymous

This statement is wrong on so many levels, it’s not even funny.

Anonymous

Don’t forget burnt coffee in a plastic thimble.

Anonymous

I hope not!!