Plans for a new condo-hotel have just been revealed in Brickell.
Urban Network Capital Group said in a press release yesterday that it had acquired three parcels located at 1120, 1130 and 1136 SW 3rd Avenue in Miami for a combined $8.5M.
The developer plans an 8-story condo-hotel called Visions at Brickell Station with 111 units.
Unit sizes will range from 321 square feet studios to 539-square-foot one-bedroom units, with prices from $299,448 to $501,960.
Short term rentals will be permitted, with an option for a professionally managed hotel program.
Another similar project by the developer, Visions Orlando Spa & Resort with 453 units, is nearly sold out, the release said. Groundbreaking is said to be imminent.
Peru’s V&V Investments is an investor in the project, along with other private investors.
DTI Architects is the architect.