New incentives have been put in place to sell off remaining condo units at Brickell City Centre, according to The Real Deal.
Buyers are being given a check for 10 percent cash back on their purchase price, plus two years of condo fees paid for, ISG principal Craig Studnicky said. ISG has been managing sales and marketing of condos at Brickell City Centre since last year.
On a $1 million unit, the incentives could be worth $130,000, including 10 percent cash back and about $15,000 of fees for two years, the website wrote.
In a February 1 report to investors, developer Swire Properties said that a combined 611 of 780 units have been sold at the Reach and Rise towers at Brickell City Centre, or 78 percent.
At Reach, 363 of 390 units were sold at prices in the mid $600s. At Rise, 248 of 390 units were sold at prices in the high $600s.
The report from TRD said that 19 percent of the combined units at Brickell City Centre remain to be sold. There are 150 condos out of 800 still available for sale, the website is reporting.