The luxury 75-story Baccarat Residences tower planned in Brickell by Related Group is seeing a strong response from buyers.
Nearly 25% of units in the tower have already been reserved, Related’s Jon Paul Perez told the SFBJ.
Buyers will be required to place deposits totaling 40% of the units value before and during construction.
A total of 324 condo units are planned, at prices ranging $1.1 million to $3.5 million. There will also be penthouse units and flats with prices up to $14 million.
Related is planning two additional phases to the project.
The second phase will include hotel and condo units and will likely launch in 2022, Perez said.
Related is very bullish on Miami’s future, Perez said. The city will continue to benefit in the coming years from a migration of businesses moving here from other states, he said.